A groundbreaking project is set to redefine the landscape of the Baldwin Village area. For the first time, a Costco warehouse will be paired with residential apartments, providing both essential retail services and much-needed housing. Launched on September 18, this innovative project promises to bring together convenience and community, offering a mixed-use development that will benefit residents.
The Vision Behind the Project
The new development, located at 5035 Coliseum, aims to provide a modern, integrated solution to urban living. It will feature a Costco store alongside 800 rental apartments situated in low-rise buildings above the retail space. Of these units, 184 will be designated as affordable housing, offering a crucial opportunity for low-income families in the area.
This development is the first in Los Angeles to move forward under California’s AB 2011 law, passed in 2022. The law streamlines the approval process for mixed-use developments that include affordable housing, making projects like this one a reality. Additionally, Costco will be the first to open in South Los Angeles, addressing a significant need for retail and services in the region.
Enhancing the Community
The new Costco store will serve as a retail hub and offer the local community a variety of essential services. These services will include optical services, a pharmacy, and even delivery options, making it easier for residents to access everything they need without having to travel far from home.
Brenda Ashby, an executive committee member of the Crenshaw Manor Community Association, expressed her excitement about the project, stating, “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.”
Employment Opportunities and Innovation
Beyond providing essential services and affordable housing, this development is expected to create significant employment opportunities for the local community. The project is set to generate 400 new jobs for South Los Angeles residents, further bolstering the area’s economy.
The development company Thrive Living has also emphasized its commitment to innovation. It plans to construct the apartment complex using a cost-effective modular design, which will allow for high-quality housing at below-market rates. This approach ensures that the project remains financially accessible while maintaining the quality residents deserve.
State-of-the-Art Amenities
The new development will include a range of amenities designed to enhance the quality of life for its residents. The apartment complex will feature secure parking, multiple interior courtyards, a gym, and community gardens. There will also be a rooftop pool, a full basketball court, two half-basketball courts, and various play areas for children, making it a vibrant and inclusive community space.
Frequently Asked Questions
What is the size of the new Costco development in South Los Angeles?
The development includes 800 rental apartments above the Costco warehouse, with 184 units reserved for low-income families.
What services will the Costco offer?
Costco will offer its standard retail services, optical services, a pharmacy, and delivery options for residents.
How does the development support the local community?
The development will provide affordable housing, create 400 new jobs, and offer essential services like grocery shopping, healthcare, and delivery options.
What is California’s AB 2011 law?
AB 2011 is a 2022 law designed to streamline the approval process for mixed-use developments that include affordable housing, making projects like this one easier to build.
What amenities will the apartment complex feature?
The apartment complex will include secure parking, courtyards, a gym, community gardens, a rooftop pool, basketball courts, and children’s play areas.
Conclusion
This innovative project in South Los Angeles is more than just a new Costco. It’s a model for future developments that integrate retail, affordable housing, and community amenities. With its combination of essential services, affordable living spaces, and job creation, this development has the potential to transform the Baldwin Village area and offer a brighter future for its residents. As the first of its kind in Los Angeles, this project sets a new standard for urban development in the city.