LOS ANGELES—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.
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….