IKEA will submit plans to the city of Renton to replace its current store with a new one. The plans include a 399,000 square foot, two-story structure and nearly 1,700 parking spots.
“A new store at this same location would allow coworkers to offer customers an updated and enhanced shopping experience,” said IKEA U.S. CFO Rob Olson.
The new store would be built in part of the parking area. Once completed, the Swedish retailer would demolish the current store to create more parking.
The existing store will be open until the new store is completed, which could be as early as the Fall of 2016.
The current 398,000-square-foot store was built in 1979 as an aerospace electronics warehouse. It was converted to a retail store in 1994.