The first-ever Costco with apartments is officially in the works

Alex Portée and Samantha Kubota
·2 min read
7
A rendering of a Costco underneath a modern apartment building. (Magilight Studio / Courtesy of Thrive Living)
A rendering of what the complex with a Costco will look like when completed.

A new development in South Los Angeles will soon feature the first-ever Costco with apartments.

On Sept. 18, the city broke ground on a unique Costco that will include not only its traditional warehouse but hundreds of apartment units in the neighborhood of Baldwin Village.

Of the 800 rental apartments in the planned low-rise buildings above the retail space, developer Thrive Living plans to make 184 of them (23%) dedicated to low-income households.

The Costco will also feature optical services, a pharmacy, and delivery services.

“This is truly a game changer for us and a huge investment in the community. We are excited to have quality groceries close to home, in addition to all of the other services Costco provides,” Brenda Ashby, an executive committee member of the Crenshaw Manor Community Association told NBC Los Angeles.

Rendering of a black and brown colored modern housing complex with a Costco warehouse on the bottom floor. (Magilight Studio / Courtesy of Thrive Living)
A rendering of the planned complex.

Located at 5035 Coliseum — a site previously home to View Park Community Hospital — the development is the first housing community in Los Angeles to move forward under the state’s AB 2011 law, which was approved in 2022. The policy aims to simplify the approval process for creating apartment and mixed-use projects that accommodate affordable housing.

The new store marks the first time a Costco has opened in South Los Angeles and is anticipated to create 400 jobs that will provide employment opportunities to local residents.

According to a release, Thrive Living will use "a cost-effective and innovative modular design that enables the delivery of high-quality housing at below market rates" to build the complex.

On the left, grocery store doors under apartments. On the right, people sit in a courtyard of a large modern apartment complex. (Magilight Studio / Courtesy of Thrive Living)
On the left, grocery store doors under apartments. On the right, people sit in a courtyard of a large modern apartment complex. (Magilight Studio / Courtesy of Thrive Living)

According to Thrive Living's website, the planned project will also feature secure parking, several interior courtyards, a gym, community gardens, rooftop pool, full basketball court and two half courts, and various climbing and play structures.

Details about the construction timeline were not immediately available.

This article was originally published on TODAY.com

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