• Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

Just How Safe Is It to Charge Your Phone at the Airport?

July 26, 2025

The 10 Best-Paying Construction Jobs in America

July 26, 2025

8 Hidden Dangers of Being “House Rich” and Cash Poor

July 26, 2025
Facebook Twitter Instagram
Trending
  • Just How Safe Is It to Charge Your Phone at the Airport?
  • The 10 Best-Paying Construction Jobs in America
  • 8 Hidden Dangers of Being “House Rich” and Cash Poor
  • How to Earn Customer Trust and Boost Sales Without Big Ad Budgets
  • Intel Laying Off Tens of Thousands of Employees: CEO Memo
  • Venus Williams Returns to Tennis to Keep Health Insurance
  • 4 Steps To Help You Decide Where To Live In Retirement
  • Lack of Sleep Is Now Linked to Heart Disease — and It Doesn’t Take Much
Saturday, July 26
Facebook Twitter Instagram
FintechoPro
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
FintechoPro
Home » Hundreds of Apartments Are Being Built on Top of a Costco
Make Money

Hundreds of Apartments Are Being Built on Top of a Costco

News RoomBy News RoomJanuary 7, 20250 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

A first-of-its-kind Costco with 800 apartment units above it is coming to Baldwin Hills, a neighborhood in South Los Angeles that Census Reporter finds has a poverty rate 25% higher than the national average.

The complex includes 184 apartments for low-income households, with the rest of the units offered as a mix of unsubsidized, affordable, and workforce housing. It will also have a rooftop pool and fitness center.

The Costco downstairs will have 185,000 square feet of space and two levels of underground parking. According to the San Francisco Chronicle, the average size of a Costco in the U.S. is 146,000 square feet, placing this Costco above average.

Related: This 43-Year-Old Started a Side Hustle at a Farmer’s Market — Then She Quit Her Job and Built an 8-Figure Brand Sold in Costco

Real estate developer Thrive Living is preparing to start constructing the apartment-Costco property in early 2025, according to a report published earlier this month by the Wall Street Journal. When constructed, the complex will be the first residential development in the country with a Costco right downstairs.

Photo Credit: Thrive Living

Thrive Living’s founder Ben Shaoul told the WSJ that Costco will pay rent for the space and the income will help Thrive Living rely less on government subsidies for the complex’s affordable housing units.

If the model works, Shaoul says he wants to use the same concepts to build “thousands and thousands of apartments every year, not hundreds.”

Related: A Popular Costco Section May Disappear in January

The Costco apartment complex will cost $425 million to construct, with work expected to conclude in 2027.

According to a Thrive Living press release, constructing the complex will create thousands of jobs, and opening the Costco will create up to 400 new jobs.

The project is the first to receive approval under Assembly Bill 2011 or the Affordable Housing and High Road Jobs Act. The California law, which went into effect throughout the state on July 1, 2023, speeds up the approval process for projects that meet affordability and labor criteria.

Related: Costco Is Raising Hourly Wages for Employees, According to an Internal Memo from the CEO

Read the full article here

Featured
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

Just How Safe Is It to Charge Your Phone at the Airport?

Burrow July 26, 2025

The 10 Best-Paying Construction Jobs in America

Make Money July 26, 2025

8 Hidden Dangers of Being “House Rich” and Cash Poor

Budgeting July 26, 2025

How to Earn Customer Trust and Boost Sales Without Big Ad Budgets

Make Money July 25, 2025

Intel Laying Off Tens of Thousands of Employees: CEO Memo

Investing July 25, 2025

Venus Williams Returns to Tennis to Keep Health Insurance

Make Money July 25, 2025
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

The 10 Best-Paying Construction Jobs in America

July 26, 20250 Views

8 Hidden Dangers of Being “House Rich” and Cash Poor

July 26, 20250 Views

How to Earn Customer Trust and Boost Sales Without Big Ad Budgets

July 25, 20250 Views

Intel Laying Off Tens of Thousands of Employees: CEO Memo

July 25, 20250 Views
Don't Miss

Venus Williams Returns to Tennis to Keep Health Insurance

By News RoomJuly 25, 2025

Venus Williams, 45, hadn’t played professional tennis in a year and a half. But she…

4 Steps To Help You Decide Where To Live In Retirement

July 25, 2025

Lack of Sleep Is Now Linked to Heart Disease — and It Doesn’t Take Much

July 25, 2025

13 Recession-Proof Jobs That Pay $50,000 and up Without a Bachelor’s Degree

July 25, 2025
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 FintechoPro. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.