A new Costco store that will come with 800 apartment units will break ground in Southern California this week.
A developer is proposing a mixed-use complex that will feature a Costco and 800 residential rental units above.A new Costco store that is bringing affordable housing to Southern California is breaking ground on Wednesday.Developer Thrive Living plans to use a five-acre site in the Baldwin Village neighborhood in South Los Angeles to build 5035 Coliseum - a mixed-use complex that features the members-only warehouse store and residential rental units.
Thrive Living says that the new state-of-the art Costco will have fresh produce, healthy food options, optical services, a pharmacy and delivery services to help local businesses. "5035 Coliseum is the first new housing community in Los Angeles to move forward under state law AB 2011, which helps streamline approvals for apartment and mixed-use projects that include low-income housing," Thrive Living said in a press release.
The project is the first mixed-use development in the country to have Costco as its anchor retail tenant. L.A. Mayor Karen Bass and Councilmember Heather Hutt will be among those attending the groundbreaking ceremony Wednesday morning.
5035 Coliseum Street 5035 Coliseum St 5035 W Coliseum Street Costco Apartments Los Angeles Costco Apartments Costco Building Apartments Costco South La Los Angeles California Costco Store 15316840
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