The Crenshaw area may soon get a new Costco store that comes with 800 apartments built above it.
Thrive Living, the real estate company, wants to build a mixed-used complex in a five-acre commercial lot near the intersections of La Brea Avenue and Coliseum Street, a news release said.
About 23%, or 184, of the 800 apartments will be set aside for low-income households. According to a news release, the units will be eligible for residents with Section 8 vouchers.
“Mayor Bass has declared a housing emergency in Los Angeles, and we’re answering the call,” Jordan Brill of Thrive Living said in a statement.
“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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