Apartments above stores? Not a new idea, but one that may need to be re-implemented in cities

[Attilatheblond]

Saw this, but I'm a 'show-me' kind of girl, so I checked. Seems to be in the works. Again, thank you, COSTCO for remembering we are not all extremely wealthy.

Remember apartments above stores? They're coming back.

At a time when real estate prices in cities price too many out of housing, this is an idea worth exploring.

https://www.entrepreneur.com/business-news/hundreds-of-apartments-are-being-built-on-top-of-a-costco/485190]

A first-of-its-kind Costco with 800 apartment units above it is coming to Baldwin Hills, a neighborhood in South Los Angeles that Census Reporter finds has a poverty rate 25% higher than the national average.

The complex includes 184 apartments for low-income households, with the rest of the units offered as a mix of unsubsidized, affordable, and workforce housing. It will also have a rooftop pool and fitness center.

The Costco downstairs will have 185,000 square feet of space and two levels of underground parking. According to the San Francisco Chronicle, the average size of a Costco in the U.S. is 146,000 square feet, placing this Costco above average.

Real estate developer Thrive Living is preparing to start constructing the apartment-Costco property in early 2025, according to a report published earlier this month by the Wall Street Journal. When constructed, the complex will be the first residential development in the country with a Costco right downstairs.