The project will feature 800 apartment units above the new Costco, with 184 units designated for low-income tenants, addressing affordable housing needs in the area.
5035 Coliseum is the first new housing community in Los Angeles to move forward under state law AB 2011, streamlining approval for projects with low-income housing.
The mixed-use development is notable as the first in the country to feature Costco as its anchor tenant, combining retail and residential purposes.
Thrive Living emphasizes the complex will include essential services like fresh produce, healthy food options, and pharmacy services to support the local community.
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