• 0
  • Home
  • About Us
  • What We Do

Shopping Cart

GPAM
  • Home
  • About Us
  • What We Do

The beat goes on: GPI Companies sued over plan to demolish Amoeba Records for resi tower

GPI Companies co-founders Cliff Goldstein and Drew Planting and AIDS Healthcare Foundation CEO Michael Weinstein

GPI Companies co-founders Cliff Goldstein and Drew Planting and AIDS Healthcare Foundation CEO Michael Weinstein

GPI Companies’ plan to build a residential tower after demolishing the famed Amoeba Records store in Hollywood hasn’t been scratched, but it may skip past its intended construction timeline.

After Los Angeles officials in June denied an appeal to add more affordable units to the 26-story apartment building project, the Coalition to Preserve L.A. and AIDS Healthcare Foundation have now filed a lawsuit hoping to halt any work, according to Curbed.

Their suit in Los Angeles County Superior Court claims the record store at 6400 Sunset Boulevard has historical significance. The suit contends the property would be eligible for state recognition for its “culturally significant murals associated with significant artists.”

Separately, the two advocate groups have also applied with the city to name the record store a historic-cultural monument. The two groups frequently battle developers and together have filed at least five city appeals of Hollywood development project since 2015, according to Curbed.

The lawsuit and the historical-cultural monument application could further delay GPI’s development plans.

The Brentwood-based firm had intended to demolish Amoeba Records by the end of the year, and complete its 200-unit project by the end of 2021. GPI purchased the property from San Francisco-based Amoeba Records in 2015 for $34 million and first filed plans for the project in 2017.

Amoeba’s Sunset Boulevard store opened in 2001, but its large selection of music and the frequent visits and performances by both major label and up-and-coming artists made it a mainstay in the L.A. music scene.

Amoeba’s lease ends this year and the owners want to open somewhere else in Hollywood, and have also explored selling cannabis at Amoeba’s future location. [Curbed] — Dennis Lynch 

Powered by WPeMatico

  • 25 July 2019
  • The Real Deal
  • Uncategorized
  •  Like
Foreclosure nears as judge denies Chapter 11 protection for Mountain of Beverly Hills owner →← The real estate industry’s biggest VC to invest $40B into a new tech megafund
  • Recent Posts

    • Post-wildfires, shipping containers, 3D-printed homes provide temporary shelter May 9, 2025
    • Archer snack company leases 351K sf Dodger dog factory in Vernon May 9, 2025
    • One in three distressed borrowers handing back buildings, experts say May 9, 2025
    • LA County greenlights self-certification for Altadena rebuilding May 8, 2025
    • Irvine Company aims to transform golf course into village of 3K homes May 8, 2025
  • Recent Comments

    • Archives

      • May 2025
      • April 2025
      • March 2025
      • February 2025
      • January 2025
      • December 2024
      • November 2024
      • October 2024
      • September 2024
      • August 2024
      • July 2024
      • June 2024
      • May 2024
      • April 2024
      • March 2024
      • February 2024
      • January 2024
      • December 2023
      • February 2023
      • January 2023
      • December 2022
      • November 2022
      • October 2022
      • September 2022
      • August 2022
      • July 2022
      • June 2022
      • May 2022
      • April 2022
      • March 2022
      • February 2022
      • January 2022
      • December 2021
      • November 2021
      • October 2021
      • September 2021
      • August 2021
      • July 2021
      • June 2021
      • May 2021
      • April 2021
      • March 2021
      • February 2021
      • January 2021
      • December 2020
      • November 2020
      • October 2020
      • September 2020
      • August 2020
      • July 2020
      • June 2020
      • May 2020
      • April 2020
      • March 2020
      • February 2020
      • January 2020
      • December 2019
      • November 2019
      • October 2019
      • September 2019
      • August 2019
      • July 2019
      • June 2019
      • May 2019
      • April 2019
      • March 2019
      • February 2019
      • January 2019
      • December 2018
      • November 2018
      • October 2018
      • September 2018
      • August 2018
      • July 2018
      • June 2018
      • May 2018
      • April 2018
      • March 2018
      • February 2018
      • January 2018
      • December 2017
    • Global Property and Asset Mangement, Inc.
      137 North Larchmont
      Los Angeles, California 90010
      +1 213-427-1127

    © 2025 GPAM