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The Real Deal Los Angeles

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

Developer plans to demolish store and build 28-story resi tower
August 07, 2017 04:18PM

Henry Rollins at Amoeba Music (WireImage via Getty)

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