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“In towns and cities... there is no more important institution than the local paper.”
Warren Buffett
By Randy Economy
It appears that iconic Sam Ash Music Center in Cerritos is about to be leveled to make way for a five story apartment project that is being touted as a “luxury for rent” facility by proponents of the new project, Hews Media Group-Community Newspaper can confirm.
Members of the Cerritos Planning Commission will be reviewing a proposal from The Richman Group (La Jolla) that seeks to demolish the popular Sam Ash Music Center to make way for a 132-unit apartment complex that will feature “luxury condominium standards.”
The meeting will take place on September 3 at 7:00 p.m. at Cerritos City Hall, located at 183rd Street and Bloomfield. The public is invited and encouraged to attend the meeting and to voice their opinion about the proposal.
The proposal also includes the construction of a “fully screened” parking structure, a leasing office, a clubhouse, fitness area, courtside recreation and pool area. The exact location of the development will be at 12651 Artesia Boulevard.
Currently, at the same location another massive apartment complex is also underway. Construction began several weeks ago on another $74.3-million apartment complex at the same location at Artesia Boulevard and Bloomfield Avenue. That 198-unit apartment community is being dubbed as “Aria” and is being built by Picerne Group, a real estate investment firm in San Juan Capistrano.
When both projects are completed, more than 330 new apartments will sit on the site.