The Brooklyn Mirage Could Be Reopening As Legendary Ibiza Club, Pacha, Is Set To Buy It

New York City’s nightlife landscape may be on the brink of a major shake-up. 👀 According to an exclusive report from BKMag, the Brooklyn Mirage and its parent company, Avant Gardner, are expected to be sold to the global nightlife brand behind Ibiza’s legendary Pacha —a move that could transform the East Williamsburg venue into Pacha New York . The report says the deal involves FIVE Holdings , the Dubai-based parent company of the Pacha brand, and Axar Capital Management , a longtime lender of Avant Gardner that recently acquired most of the company’s assets following its Chapter 11 bankruptcy filing in August. If finalized, the sale would mark a dramatic new chapter for one of New York’s most recognizable electronic music venues—one that has spent much of the past year in limbo. A possible rebirth for the Brooklyn Mirage ------------------------------------------ As BKMag reports, the agreement was expected to be formalized on New Year’s Day, following a bankruptcy court approval that allowed Axar to purchase Avant Gardner’s assets, including the Brooklyn Mirage. The venue, which underwent a reported $30 million renovation last offseason, never reopened after failing safety inspections and later filing permits for demolition—though those plans stalled after objections from the city’s Department of Buildings. Now, instead of demolition, the Mirage could be headed toward reinvention. Under the reported deal, FIVE Holdings would rebrand the venue as Pacha New York , bringing one of the most famous names in global nightlife back to the city—nearly a decade after the original Pacha NYC closed its Hell’s Kitchen doors in 2016 . What Pacha could mean for NYC nightlife --------------------------------------- Founded in Ibiza, Pacha is one of the most iconic club brands in the world , synonymous with large-scale productions, international DJs, and destination nightlife . Its possible return to New York has already sparked conversation across the city’s electronic music scene. As noted by BKMag, an industry source described the sale as more than a simple ownership change, warning that global capital could reshape the local nightlife ecosystem in significant ways. Still, for many fans and artists, the news also brings a sense of cautious optimism. After months of uncertainty, a canceled season, and unanswered questions, the idea of a functioning, professionally backed venue reopening on the Mirage’s scale offers hope that the space could once again host major shows—and actually open its doors. What happens next ----------------- As of now, neither Avant Gardner nor FIVE Holdings has publicly commented on the deal, according to BKMag, and details about timelines, renovations, or reopening plans have not yet been announced. But if the sale does move forward as reported, it would signal a rare second life for a venue many New Yorkers feared was gone for good. We’ll be watching closely to see what comes next. Source: https://secretnyc.co/brooklyn-mirage-reportedly-sold-to-pacha/