Amoeba Music have sold their iconic Los Angeles store.
The independent music chain’s Sunset Boulevard store, which has become a Hollywood landmark since opening in 2001, has been sold by Amoeba to developers, although it will remain open for the remaining years of its lease.
In a statement posted, Amoeba said that the company and building owner are “open to us potentially staying longer” and that they were “committed to staying in Hollywood”.
Earlier this week, LAist discovered that an architectural illustration firm, Shimahara, were displaying a rendering of a luxury tower situated on Amoeba’s address on their website prompting speculation that store had been sold.
You may have read an article today about us… pic.twitter.com/18l9zRPGMn
— Amoeba Music (@amoebamusic) September 13, 2016
The drawing shows a 20-something story glass tower that includes a rooftop swimming pool.
Public records reveal that 6400 Sunset was purchased in October of 2015 for $34 million, according to Time Out LA.
Since opening on in 2001, Amoeba Music Hollywood, which covers 24,000 square feet, has become a mecca for crate-diggers. The store has two other locations in California and all three are renowned for their rarities.