Thrive Living Begins Construction On Costco-Anchored Apartment Project In South Los Angeles

• Thrive Living is building an 800-unit apartment complex above a new Costco in South Los Angeles
• Project at 5035 W. Coliseum Street will include 184 affordable housing units
• Development is among the first in Los Angeles using California’s AB 2011 housing law

What The Mixed-Use Development Includes

Thrive Living has officially moved forward with construction on a major mixed-use development at 5035 W. Coliseum Street in South Los Angeles. The project will replace the former View Park Community Hospital site with a six-story residential complex featuring 800 apartments built above a full-service Costco warehouse. The Costco location will include produce, pharmacy services, optical services, and delivery operations.

What The Housing Component Looks Like

The apartment portion will include 184 low-income affordable units as part of the city’s approval agreement. Developers also say remaining market-rate units will accept Section 8 vouchers, targeting seniors and families in the surrounding community. The project will include five underground parking levels along with indoor and outdoor amenity areas, community gardens, and gathering spaces designed for neighborhood events and movie nights.

What Makes The Project Different

The development is one of the first housing projects in Los Angeles to move forward under California’s AB 2011 law, which streamlines approvals for residential projects built on commercially zoned land. The project is also being designed with prefabricated modular construction methods to speed up delivery timelines and reduce construction costs. AO is serving as the project architect.

What This Means For South Los Angeles

The project reflects the growing push toward transit-oriented mixed-use housing developments across Los Angeles. The site sits less than half a mile from Metro’s Expo/La Brea Station on the E Line, an area that has seen rising development activity over the last decade. Large residential and mixed-use projects continue to cluster around major transit stops as developers target higher-density housing opportunities tied to public transportation access.

What It Means For Multifamily Development

The project also highlights how major retailers like Costco are increasingly becoming anchors for large-scale residential communities. By combining housing, retail, and transit access, developers are pursuing mixed-use models that can unlock density bonuses while addressing California’s ongoing housing shortage. Construction is now underway following the project’s ceremonial groundbreaking in late 2024.