Thrive Living, led by the ambitious real estate developer Ben Shaoul, has embarked on a groundbreaking project in Baldwin Hills, Los Angeles. The development will be the first in the United States to feature a Costco Wholesale outlet integrated with residential apartments above.
The project, spearheaded by Ben Shaoul, is set to redefine urban living in the area. Located at 5035 West Coliseum Street, the six-story structure will house a Costco on the ground level, providing convenient access to retail amenities for the 800 apartments above. This unique blend of commercial and residential space marks a significant milestone in urban development.
Ben Shaoul’s vision includes 184 affordable units to accommodate low-income households, demonstrating a commitment to diverse housing solutions. Thrive Living is financing the project privately, bypassing traditional government subsidies such as low-income housing tax credits. This approach underscores Shaoul’s innovative strategies within the real estate sector.
Designed by AO, the project will use prefabricated modular units, enabling efficient construction and a modern aesthetic. Residents will enjoy an array of amenities, including courtyards, a rooftop pool, sports facilities, and communal spaces for movie nights and gardening. The development promises to create a vibrant community atmosphere, further enhancing the appeal of Baldwin Hills.
The project is expected to be completed by early 2027, signaling a transformative period for the neighborhood. Ben Shaoul and Thrive Living’s initiative not only addresses housing needs but also exemplifies how mixed-use developments can successfully integrate commercial giants like Costco with urban living solutions.
As Thrive Living breaks new ground, Ben Shaoul’s leadership continues to shape the future of real estate development in Los Angeles. With each innovative project, Shaoul demonstrates a unique capacity to blend practicality and creativity in urban planning.