The store has occupied their distinctive building since 2001 in a prime location on the corner of Sunset and Cahuenga Boulevards. As it stands Amoeba Music has a lease for the store which runs for a year or so, but after that the company hopes options for re-location elsewhere in Hollywood come to fruition.
The Amoeba Music store was in a perfect spot, attracting music lovers and tourists alike to its diverse collection of music and movies. It is the largest record store in Los Angeles but was originally sold in 2015 for $34millon to real estate developers GPI Companies. The new plans for the site will see a 26 story mixed use high-rise tower built, comprising of 200 residential units with 7,000 square foot of retail space on the bottom floor. There could yet be a few brief extension opportunities for Amoeba Music, yet ultimately their time on the corner of Sunset Boulevard is coming to an end.
The Amoeba Music store is set across two floors and attracts thousands of music lovers each day. It has become known as a music venue hosting quality live music, as well having in-store DJ’s and in-store appearances and signings by the likes of Paul McCartney. However, the increasing popularity of music streaming services has affected record stores and has seen Amoeba Music keen to diversify their offerings within their outlets. One such innovation is their buy and trade counter where customers can make a quick buck or two, helping to keep bringing a diverse collection of music fans in to the store.
If Amoeba Music are to re-locate to another site in Hollywood it will need to be spacious enough to hold their huge collections and persuade their customers to continue visiting. The company has taken to social media to state they have some exciting options to investigate in Hollywood and they will inform their loyal customers as soon as they have news. Yet for now Los Angeles is set to lose its iconic music store with its neon turret pointing up from the corner of the building, and surely Los Angeles music lovers will lament this fact.
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