Costco-anchored development at 5035 Coliseum St. breaks ground

A mixed-use development combining high-density housing and a Costco is moving one step closer to reality in South Los Angeles.

At a ceremony featuring Mayor Karen Bass, developer Thrive Living broke ground on a mixed-use development at the former site of View Park Community Hospital at 5035 W. Coliseum Street. The proposed six-story building is slated to feature 800 apartments with a Costco on the ground floor featuring produce, optical services, a pharmacy, and delivery services.

"“We are breaking with the old ways of doing things and moving Los Angeles forward. Unprecedented action driven by urgent collaboration in both the public and private sector is what is expected and that’s what we are delivering today,” said Bass in remarks at the event. “I used to live just minutes from here – and I know the hundreds of housing units, the thousands of jobs and the new wave of resources that this project will bring to this community has potential to make a generational impact on this neighborhood. I want to thank all the partners who worked together to achieve today’s milestone. This is about delivering for the people of Los Angeles, and we will continue this urgent work.”

As a condition of approval, Thrive Intends to set aside 184 of the new apartments as low-income affordable housing, making the project eligible for development incentives that permit greater density and floor area than otherwise allowed by zoning rules. Additionally, the remaining market-rate units are to be made available to renters with Section 8 vouchers, including families and seniors in the surrounding community.

AO is designing the development, which will be composed of prefabricated modular units and include a multi-level basement parking garage. Plans call for indoor and outdoor amenity spaces, some of which are intended to cater to the surrounding community, such as outdoor spaces for movie nights and community gardens.

The project is also the first new housing community in Los Angeles to make use of AB 2011, a state law which streamlines the approval of new housing developments in commercial zones. The use of AB 2011 allowed the new Costco, which is expected to create 400 jobs, to move forward more quickly than it would have had it been a standalone store, the New York Post reported earlier this year.

The project sits less than a half-mile south of Metro's Expo/La Brea Station, which is served by the E Line. Properties surrounding stops on the E Line have proven attractive to developers in the past decade, with large mixed-use projects starting to sprout near stops at Bundy Drive, Sepulveda Boulevard, La Cienega Boulevard, and Crenshaw Boulevard, as well as in Culver City.

Thrive Living is already building a similar project - minus the Costco - at a site a short walk from Los Angeles State Historic Park in Chinatown.

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• 5035 W. Coliseum Street (Urbanize LA)