The new model has caught the eye of realtors in California.
When Californians visit Costco they're used to a giant, suburban box store surrounded by acres of parking. Even at the retailer's city outpost in the busy South of Market neighborhood in San Francisco, the outlet sits under two concrete stories of parking and takes up an entire city block.
It seems that model may soon be about to change after a developer announced plans to build a new-look Costco in a mixed-use site underneath 800 residential units in Southern California. Design firm Thrive Living has outlined a plan to convert a unused five-acre site in Baldwin Village, Los Angeles, into a"mixed-use complex with hundreds of apartments and the neighborhood's first Costco store," it said in a statement. The developer says that Costco plans to build a state-of-the-art store with fresh produce alongside optical services, a pharmacy and delivery services at the site. Costco could not be reached for comment on the plans by time of publication.
“Mayor Bass has declared a housing emergency in Los Angeles, and we’re answering the call,” said Jordan Brill of Thrive Living. “Our company is focused on addressing the severe housing affordability crisis in Los Angeles, while also attracting retailers willing to make long-term commitments and deliver community-serving products and services that enrich the living experience for our residents and neighbors.
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