Mayor Karen Bass and other officials broke ground Wednesday on a mixed-use project featuring a new Costco and 800 apartment units in South L.A., which they say will provide local residents with housing and job opportunities.
Developed by Thrive Living, a national real estate firm, the project known as 5035 Coliseum will replace a former office property in Baldwin Village. The Costco will be on the street level with 800 units of housing above for families, seniors and others.
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Of the 800 units, about 184—or 23 percent—will be dedicated to low-income households.
“I used to live just minutes from here—and I know the hundreds of housing units, the thousands of jobs and the new wave of resources that this project will bring to this community has potential to make a generational impact on this neighborhood,” Bass said in a statement. […]
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