Ben Shaoul, a prominent figure in the real estate industry, is at the forefront of an innovative project in Baldwin Hills, Los Angeles. His company, Thrive Living, a subsidiary of Magnum Real Estate Group, is constructing a groundbreaking mixed-use development featuring the first Costco in the United States to be topped by residential apartments.

This ambitious project, located at 5035 West Coliseum Street, is set to redefine urban living by integrating commercial and residential spaces. With the foundation laid, the complex will house a six-story structure, with a Costco on the ground floor and 800 apartments above. Of these, 184 units are earmarked as affordable housing, a commitment that aligns with Shaoul’s approach to making housing accessible.

Ben Shaoul’s Thrive Living has chosen to privately finance this multi-million dollar venture, distinguishing itself from conventional affordable housing projects that often rely on government subsidies. This financial strategy underscores Shaoul’s innovative approach to real estate development.

The project also emphasizes modern architectural techniques. Designed by AO and using prefabricated modular units, the development aims for efficiency and sustainability. The inclusion of amenities such as a rooftop pool, basketball courts, and community gardens highlights the project’s focus on creating a vibrant community.

Ben Shaoul’s influence extends beyond this single project. Last year, Magnum Real Estate acquired the Baldwin Hills Shopping Center, positioning the area for further growth and revitalization. This acquisition, located just across the street from the new development, reflects Shaoul’s strategic vision for the neighborhood.

As construction progresses, all eyes are on Ben Shaoul and his transformative impact on Baldwin Hills, illustrating his commitment to innovative urban development and community enrichment.