Amoeba Music wants to sell records — plus weed — in Hollywood

The iconic music store is looking at three nearby options

Los Angeles /
Jun.June 19, 2018 08:00 AM
Amoeba co-founders Marc Weinstein & David Prinz and the Sunset Blvd location (Credit: Amoeba)

Amoeba Music, known for its wide-ranging music products and frequent artist signings, has narrowed down the search for its next location. But a different address isn’t the only whiff of change customers might notice from the new spot.

Co-owners Marc Weinstein and Dave Prinz said they plan on acquiring a marijuana dispensary permit for the new store, Variety reported. Customers 21 years or older would be able to purchase weed for recreational use.

The owners are exploring three nearby properties, each around 20,000 square feet and located “within blocks” of the store’s existing spot at 6200 Sunset Boulevard in Hollywood. The new location is expected to be roughly 15 percent smaller than the current spot.

The company’s recent venture into recreational marijuana follows a similar move from its Berkeley branch up the coast in Northern California. That location started selling weed on May 10 from Hi-Fidelity, an environmentally friendly boutique dispensary next door.

Weinstein and Prinz sold the Hollywood store to Brentwood-based developer GPI Companies for $34 million in 2015. They’ve been leasing the space back ever since, and are expected to move out early next year.

GPI is planning a 28-story residential complex in its place. The 231,000-square-foot project would include 232 apartment units, as well as 7,000 square feet of commercial space. [Variety] — Natalie Hoberman


Related Articles

arrow_forward_ios
(Getty, Immersive Van Gogh, iStock)
Former Amoeba Records building, facing demo, will host Immersive Van Gogh exhibit
Former Amoeba Records building, facing demo, will host Immersive Van Gogh exhibit
An aerial view of the development site (Google Maps)
Developer plans 76-unit rental complex in Hollywood
Developer plans 76-unit rental complex in Hollywood
Bardas Investment Group founder David Simon and the site of the project. (Google Maps, Bardas, Getty)
Bardas Investment plans production studio at former Sears
Bardas Investment plans production studio at former Sears
Relevant Group’s Grant King and Richard Heyman with the Thompson and Tommie hotels (Relevant Group)
Relevant Group lands “rescue” financing for 2 boutique hotel projects
Relevant Group lands “rescue” financing for 2 boutique hotel projects
Photo illustration of Phillip Aarons and a rendering of the project (Patrick McMullan/Getty)
Hollywood megaproject along active fault line faces another test
Hollywood megaproject along active fault line faces another test
Hudson Pacific Properties CEO Victor coleman and Company 3 CEO Stefan Sonnenfeld with renderings of the Harlow building
HPP signs post-production firm to big lease in Hollywood
HPP signs post-production firm to big lease in Hollywood
Los Angeles Planning Commission approves Hollywood zoning changes. (iStock)
Planning Commission OK’s changes to Hollywood zoning, land use
Planning Commission OK’s changes to Hollywood zoning, land use
925 N. La Brea Avenue with CIM Group’s Shaul Kuba and WeWork’s Sandeep Mathrani (Google Maps, Getty/Illustration by Alexis Manrodt for The Real Deal)
WeWork exits CIM Group’s Hollywood complex
WeWork exits CIM Group’s Hollywood complex
arrow_forward_ios

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

Loading...