Poulsbo-based Olympic Property Group (OPG), in conjunction with Costco Wholesale Corp. and Northwest Capital Investors, has submitted applications with the City of Gig Harbor for a 25-acre shopping center on OPG’s Harbor Hill project. The applications submitted to the City are for site plan review and a binding site plan for a proposed Costco store and more than five acres of additional multi-tenant retail space.

“This is the first step in the entitlement process leading to the sale of a portion of the property,” says Jon Rose, president of OPG. “The process is expected to conclude with completed construction of the new stores in 12 to 18 months, depending upon permit processing timelines.”

This sale will launch OPG’s 320-acre Harbor Hill project in north Gig Harbor, a community that will be located across the Tacoma Narrows Bridge from the city of Tacoma. The OPG project will include: the Costco retail site, a 10-acre “village center,” pedestrian-oriented style retail development, up to 72 acres of business park and more than 200 acres of residential development. The business park includes a previously announced YMCA of Pierce County project to build a 60,000- to 80,000-square-foot, full-service YMCA family branch.