This groundbreaking development in Baldwin Hills will feature 800 apartment units above a large Costco, catering to a range of housing needs including low-income households.
Thrive Living aims to reduce reliance on government subsidies by having Costco pay rent, potentially allowing for the construction of thousands of new affordable units annually.
The inclusion of 184 low-income apartments within the complex underscores the project’s commitment to addressing housing affordability in a neighborhood with a significantly higher-than-average poverty rate.
Expected to cost $425 million, the complex aims to create thousands of jobs during construction and open up to 400 jobs once the Costco operates.
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