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Costco's Bold Plan: Apartments Above Stores to Tackle LA Housing Crisis

Summary by NewsX
Costco has unveiled an ambitious project to address the affordable housing crisis by building apartments atop its stores. The initiative debuts in Los Angeles, where the retail giant plans to construct 800 housing units above one of its locations. The project offers residents unique perks, including complimentary Costco memberships, a rooftop pool, fitness facilities, gardens, and communal spaces. By integrating housing with retail, Costco aims …

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EntrepreneurEntrepreneur

Would You Live Above a Costco? Thrive Living Hopes to Build 'Thousands of Apartments' a Year Starting With One Complex on Top of the Warehouse Chain

Real estate developer Thrive Living is preparing to construct the first Costco with apartments in South Los Angeles. The complex will have 800 apartments, 184 of which will be allocated for low-income households.

·San Francisco, United States
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Western StandardWestern Standard

Cheap hot dogs, private parking and home sweet home: Costco’s first apartment complex coming to LA

Cheap hot dogs, private parking and home sweet home: Costco’s first apartment complex coming to LA

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Wall Street JournalWall Street Journal

Is Living on Top of a Costco the Answer to Affordable-Housing Crisis?

New development in Los Angeles includes plans for 800 apartments, pool above bulk-goods warehouse

·New York, United States
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Manteca BulletinManteca Bulletin

Forget about buying furniture at Costco; how about living there?

You can buy furniture and mattresses at Costco. And you can even give a once over to a shiny new vehicle that you can buy at a discount using your Costco membership card. But have you ever thought about securing living space at Costco?

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House BeautifulHouse Beautiful

Costco's Viral Electric Shovel Is Finally Back in Stock—And It Can Clear a Driveway in Record Time!

Don't think twice about buying Costco's Greenworks Cordless Snow Shovel for winter storms. It blows snow 25 feet away and is on sale right now on Amazon.

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the deep divethe deep dive

Would You Live On Top of A Costco?

A Los Angeles real estate developer plans to build an 800-unit residential complex above a Costco (NASDAQ: COST) store, marking the first such integration of the retail chain with housing in the United States. Thrive Living expects to begin construction in early 2025 on the $425 million development that will include 184 affordable housing units. The project will feature a 185,000-square-foot Costco on the ground floor with two levels of undergro…

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Wall Street Journal broke the news in New York, United States on Sunday, January 5, 2025.
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