By Karen Shutte | Real Estate Daily News
A mixed-use development in South Los Angeles is drawing national attention by combining a new Costco warehouse with 800 apartments above it, creating one of the more unusual large-scale housing and retail projects now under construction in California. The project, known as 5035 Coliseum, is being developed by Thrive Living at 5035 W. Coliseum Street in Baldwin Village. Groundbreaking took place in September 2024.
The project is notable not because Costco is becoming a housing developer, but because the retailer is serving as the anchor tenant in a housing-led mixed-use development. Thrive Living said the plan will place a new Costco store at street level with 800 rental units above, making it the first mixed-use development in the country to feature Costco as the anchor retail tenant.
Of the 800 apartments, 184 units (23%) are designated for low-income households. Thrive Living said the remaining units are intended as non-subsidized affordable and workforce housing, serving families, seniors, and other residents in the surrounding community. The Housing Authority of the City of Los Angeles also lists the development as an 800-unit multifamily project
