The House of Blues in West Hollywood will be no more. The Los Angeles Business Journal is reporting the live music venue at 8430 Sunset Blvd. will cease operations the first week in August, and a new mixed-use project called Sunset Time will rise in its place.

Sunset Time is being developed by Combined Properties and will be designed by Kanner Architects, according to a report in Curbed LA. Plans call for the project to include 149 hotel rooms, 40 condos and rental apartments earmarked for low to moderate-income residents. In addition, there will be 35,000 square-feet of retail space and a nighclub.

Among the design elements of the building will be 6,000 square-feet of digital billboards. It’s unknown when construction will begin, but officials for Combined Properties had previously said they hoped to begin sometime in 2015.

Live Nation Entertainment owns the West Hollywood House of Blues and 11 other locations. They notified employees this past week that it would be shutting its doors Aug. 7. Company officials had been scouring West Hollywood for another location, but it’s been to no avail to this point. They said they will begin to extend their search to other sections of Los Angeles.

This is just the latest project in what’s been an ongoing transformation of the famed Sunset Strip in West Hollywood. The ”once-dangerous, sorta-scuzzy” strip, as Curbed LA put it, is currently undergoing a record number of new projects. To give you an idea, Bloomberg recently noted there are no fewer than FIVE new hotels under construction on the short stretch of Sunset Strip in West Hollywood.

Progress is good and the Sunset Strip was definitely in need of a facelift. However, this will certainly have an impact on its historic character. Let’s just hope those spearheading these projects get it right, and the Strip remains an L.A. icon.