Costco The Landlord? Retailer Building 800-Unit Apartment Complex. Here's The Potential Reason Why.
Portfolio Pulse from Chris Katje
Costco Wholesale Corporation (NASDAQ:COST) is planning to build an 800-unit apartment complex as part of a new store development in South Los Angeles. The project includes 184 affordable housing units and aims to expedite the building process by using pre-manufactured units. This mixed-use development could serve as a test for future projects combining retail and housing.

June 29, 2024 | 2:26 pm
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Costco is planning to build an 800-unit apartment complex as part of a new store in South Los Angeles. This mixed-use development includes 184 affordable housing units and aims to expedite the building process using pre-manufactured units. The project could serve as a test for future mixed-use developments.
The development of an 800-unit apartment complex as part of a new store in South Los Angeles represents a significant expansion into real estate for Costco. This mixed-use project could expedite future developments and potentially increase revenues by attracting more customers to the new store. The inclusion of affordable housing units may also help Costco navigate regulatory hurdles more efficiently.
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