Costco Explores Urban Growth Through Mixed-Use Affordable Housing Projects
Costco is expanding into urban areas by partnering with developers on mixed-use affordable housing projects, such as the $425 million Baldwin Village development in Los Angeles. This strategy allows Costco to access premium demographic markets without heavy capital investment and aligns with state laws promoting faster approvals for combined residential-retail developments.
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Topics: affordable_housing retail_growth_strategy urban_real_estate