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Costco to open new warehouse under affordable housing development in South Los Angeles

On HALO

12 hours ago

Costco is planning to open a new Los Angeles warehouse beneath an affordable-housing complex, marking a creative expansion strategy for the retail giant.The project, located in the Baldwin Village area of South Los Angeles, is expected to open in 2027, Costco CEO Ron Vachris said during the company's first-quarter fiscal year 2026 earnings call last month."We've got a project in Los Angeles where we're working with some developers [where] there's some affordable housing going above a Costco just north of LAX," Vachris said. "That project will open up in 2027."Vachris said the unconventional ap...

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12 hours ago
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