A groundbreaking mixed-use development featuring a Costco store and 800 residential units is set to transform the Baldwin Village neighborhood in South Los Angeles. Developer Thrive Living is spearheading the project, known as 5035 Coliseum, which will occupy a five-acre site. This innovative development will be the first of its kind in the country, combining a Costco with a large residential complex, offering a unique blend of retail and housing.
The 800 residential units, built above the Costco store, will cater to a wide range of renters, with 184 of the units designated for low-income tenants. The remaining apartments will provide affordable and workforce housing, helping to address the ongoing housing crisis in Los Angeles. The project aligns with state law AB 2011, which facilitates the approval process for developments that include affordable housing options.
5035 Coliseum represents a significant step toward improving both housing availability and retail services in the area. The new Costco will provide fresh produce, healthy food options, optical services, a pharmacy, and delivery services aimed at supporting local businesses. With these offerings, the development is expected to serve not just its residents but the broader community as well.
Thrive Living is positioning this project as a model for future urban development, merging retail convenience with affordable housing in a single, modern complex. The combination of essential services and residential units will make 5035 Coliseum a community hub, enhancing the quality of life for its residents while offering much-needed amenities.
L.A. Mayor Karen Bass and Councilmember Heather Hutt are expected to attend the groundbreaking ceremony, signaling the importance of the project for the city’s ongoing efforts to address housing shortages. As the first development to break ground under the new AB 2011 law, the 5035 Coliseum project is a landmark initiative, setting the stage for future mixed-use developments across the state.
With its innovative design and focus on affordability, 5035 Coliseum aims to become a model for sustainable urban living, providing both affordable housing and essential retail services to one of Los Angeles’ most underserved communities.
