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

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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.

Vachris said the unconventional approach allows Costco to enter markets where traditional big-box development would be nearly impossible.

Read more from Fox Business.

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