GPI’s plans for Amoeba Music site come in like a wrecking ball

Developer plans to demolish store and build 28-story resi tower

Los Angeles /
Aug.August 07, 2017 04:18 PM

Planning documents filed with the city Monday describe in more detail what developer GPI Companies has in store for the Amoeba Music site at 6400 Sunset Boulevard in Hollywood.

The Brentwood-based developer plans to demolish the music store and build a contemporary-style, 28-story building in its place, its environmental impact report shows. The roughly 231,000-square-foot project would include 232 apartment units and 7,000 square feet of commercial space, Urbanize reported. Ten of the apartments would be set aside for low-income households.

The Johnson Fain-designed project would include 372 parking spaces across two underground levels, more than the 291 spaces required by zoning laws. Amenities would include a fitness center, game room and swimming pool.

GPI purchased the site from Amoeba’s parent company for $34 million in 2015. It expects to begin demolition in 2019 and complete the project in 2021.

The developer is active elsewhere in L.A. County. It is currently building the mixed-use NoHo West development in the San Fernando Valley. Earlier this year, it purchased a Macy’s store on Pico Boulevard in West L.A. for $50 million. It is also planning a 14-unit luxury residential project in Brentwood.  [Urbanize] – Hannah Miet


Related Articles

arrow_forward_ios
Renderings of The Star
The Star, a $500M office tower project, looks to light up Hollywood
The Star, a $500M office tower project, looks to light up Hollywood
The Boyd Street fire in May, 2020 (Getty)
LA fire captain sues building, vape shop owners over May 2020 explosion in downtown
LA fire captain sues building, vape shop owners over May 2020 explosion in downtown
(Getty Images)
SoCal’s “Space Beach” is ready for liftoff
SoCal’s “Space Beach” is ready for liftoff
Clockwise from top left: Kilroy Realty CEO John Kilroy, Boston Properties CEO Owen Thomas, TMG Partners CEO Michael Covarrubius and Eastdil Secured CEO Michael Van Konynenburg (Kilroy, LinkedIn via Thomas, TMG Partners, LinkedIn via Van Konynenburg, Getty)
“We gotta get people back to the office”: West Coast landlord execs press for return
“We gotta get people back to the office”: West Coast landlord execs press for return
Oxford Properties CEO Michael Turner and the campus (Oxford)
Oxford moves into LA with $134M industrial buy
Oxford moves into LA with $134M industrial buy
Post-production campus in Burbank sells for $37M
Post-production campus in Burbank sells for $37M
Post-production campus in Burbank sells for $37M
G6 Hospitality CEO Rob Palleschi and Motel 6 San Jose South, one of the largest assets in the portfolio (G6)
Blackstone’s Motel 6 portfolio gets $685M CMBS loan
Blackstone’s Motel 6 portfolio gets $685M CMBS loan
Sares-Regis Group CEO Rob Wagner and Huntington Gateway
Sares Regis inks tenant for 434K sf unfinished Orange County site
Sares Regis inks tenant for 434K sf unfinished Orange County site
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...