Avant Gardner, the father or mother firm of the beleaguered East Wiliamsburg music venue Brooklyn Mirage, has filed for voluntary chapter 11 chapter. In an announcement posted to the Brooklyn Mirage’s Instagram, Avant Gardner says that the chapter is a enterprise transfer supposed “to Strengthen Monetary Situation and Place Itself for a Sturdy Future” and that its venues Nice Corridor and Kings Corridor will proceed to function usually throughout the course of. The corporate says that the choice “follows a number of months of economic misery, culminating with Avant Gardner being unable to open its newly constructed Mirage occasion area for the 2025 season.” The corporate has introduced in new CEO Gary Richards, previously its non-executive Chairman of the Board, to interchange Josh Wyatt, who break up with the corporate after the numerous botched makes an attempt to reopen the Mirage.
In December, the Brooklyn Mirage introduced main renovations and safety enhancements. Its status suffered after three males have been discovered useless exterior the venue in separate incidents in 2023 and 2024. Avant Gardner was additionally in hassle with New York Metropolis for overselling its EDM pageant Electrical Zoo. The Mirage introduced and delayed its grand reopening many occasions after failing to safe the required non permanent permits, reportedly due to failed security inspections and blown building deadlines.
In keeping with Pollstar, sources report that the venue’s newly put in soundsystem and components of its 270-degree LED display have already been dismantled. Bloomberg stories that Avant Gardner father or mother firm AGDP Holding will maintain a aggressive public sale for its belongings
