Introduction
Costco is one of the largest retailers in the world, and they are now planning to open a new kind of store in Los Angeles. This new store will be a combination of a traditional Costco warehouse and a convenience store, offering customers a unique shopping experience. The store will feature a wide selection of products, including fresh produce, prepared foods, and other items. It will also offer a variety of services, such as a pharmacy, a gas station, and a car wash. This new store is sure to be a hit with shoppers in the Los Angeles area, and it could be the start of a new trend in retail.
Costco Is Planning a New Kind of Store in Los Angeles
Costco is planning to open a new kind of store in Los Angeles, California. The store, which will be located in the city’s Koreatown neighborhood, will be the first of its kind in the area. The store will be a combination of a traditional Costco warehouse and a smaller, more convenient store.
The new store will feature a variety of products, including groceries, electronics, and home goods. It will also offer a selection of prepared foods, such as sandwiches, salads, and pizza. Customers will be able to purchase items in bulk, as well as individual items.
The store will also feature a variety of services, such as a pharmacy, a photo center, and a gas station. Customers will be able to use their Costco membership card to access these services.
The new store is expected to open in the fall of 2021. It will be the first of its kind in the area, and it is expected to be a popular destination for locals and tourists alike.
Costco is known for its low prices and quality products, and the new store is sure to be no exception. With its convenient location and wide selection of products, it is sure to be a hit with shoppers in the area.
If you’ve ever shopped for groceries at Costco, then you know what a typical location looks like: a vast, cavernous stockroom, stacked high with household goods as far as you can see. Costco-obsessed comedian Matt O’Brien compares it to a “big airplane hangar.” The buildings themselves are massive and boxy, usually surrounded by a sprawling parking lot—the kind of superstore you traditionally see in wide-open suburban areas, certainly not densely packed urban settings.
A newly proposed Costco location in Los Angeles could change that, however. Developer Thrive Living recently submitted plans for an 800-unit apartment building in the city’s Crenshaw area with a brand new style of Costco warehouse located on the ground floor, according to multiple reports.
KABC-TV described it as a “game changer” for the neighborhood, potentially creating some 400 new jobs, but it could prove revolutionary for Costco as well.
If the plan moves forward, it would mark the first Costco warehouse of its kind—no other U.S. warehouse is currently attached to a housing complex—and may serve as a prototype for future stores in other urban centers.
One local real estate executive told CoStar News “it appears Costco may be testing the concept,” adding that other developers would be closely watching as the warehouse club is a “highly desirable tenant” because of its popularity.
Thrive Living did not specify the size of the planned Costco store, but indicated it would include two subterranean levels and ground-level parking. “The retailer plans to deliver a state-of-the-art store featuring fresh produce, healthy food options for residents,” according to a press release. “Costco also plans to provide optical services, a pharmacy, and delivery services to support the needs of local businesses.”
The average size of a Costco warehouse is about 146,000 square feet, according to CoStar, but the company does operate smaller stores, too. Its location in Juneau, Alaska, spans just 72,000 square feet.
Real estate site GlobeSt posited that the developer’s plan would hopefully also include several freight elevators “so tenants can continue to replenish mass quantities of goods from the store under their apartments without having to go outside.”
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Chris Shott