The famed concert venue on the mecca of live music Sunset Blvd. Hollywood’sÂ House of Blues on the Sunset Strip will be closing. In it’s place will be a brand new luxury hotel on the site that will end live music on the east side of the Sunset Strip according to Bloomberg.
Hotel investors AECOM Capitol, CIM Group with Ian Schrager have started building on the mile and a half route on Sunset Blvd. Bloomberg reported that the developers areÂ planning a mixed-use complex with 40 condos, 149 hotel rooms and an on-site entertainment facility.
â€œWe like turnaround neighborhoods,â€ said Warren Wachsberger, vice president of Los Angeles-based AECOM Capital, the investment arm of AECOM Technology Corp. â€œIf you look at the evolution of Sunset Boulevard, 10, 15 years ago, you couldnâ€™t move because of all the traffic. It was dirty and dangerous. Today, Sunset is a dramatically different place.â€
The live music scene has struggled in the last couple years with closing of another music venue The Key club to be repurposed for the nightclub chain 10Oak with The Roxy bringing in major acts into it’s doors and the Whisky A Go Go and the Viper Room surviving.
The House of Blues Sunset opened its’ doors in 1994 and have since some of the greatest live acts perform on its great stage. Just last month Pennywise celebrated the release of their brand new album playing two shows at the famed venue.
We maybe seeing the end of the Sunset Strip as we know it as we see another live music venue close in the Southland. Live Nation has not commented on the Bloomberg report.