The mixed-use development will be dedicated to low-income and workforce housing, and will offer a number of luxe amenities.
The membership warehouse store will be on the street level with 800 units of housing above for families, seniors and others.
Crews will break ground Wednesday on a new Costco store that will also bring affordable housing to Los Angeles. The development will be the first of its kind in the country.
That's because South Los Angeles will soon welcome a new 185,000-square-foot Costco that will also be home to 800 apartments.