The Puget Sound area’s newest Costco Wholesale warehouse will start being erected in Lynnwood on Wednesday, according to the real estate development company in charge of the project.

Dallas-based Cypress Equities said Tuesday it will kick off construction of the 150,000-square-foot Costco, to be located at 3001 184th Street SW in Lynnwood, the former site of Lynnwood High School , located north of Alderwood Mall.

The site is being redeveloped as a mixed-use retail center dubbed “Lynnwood Place.” Costco will serve as the project’s anchor.

The Lynnwood warehouse would be the 15th within 30 miles of Seattle, including two so-called Business Centers, which cater to small businesses, located in Lynnwood and in Fife, respectively. The company currently has 29 locations in Washington state.

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Ángel González: 206-464-2250 or On Twitter: @gonzalezseattle