The Brooklyn Mirage spent 2025 in bankruptcy court instead of hosting raves, but Pacha plans to revive the shuttered nightlife complex starting in June 2026 with a five-month programming push.

The storied nightlife brand has announced its first season at the old Avant Gardner complex, where it will absorb operational duties for the embattled the Brooklyn Mirage and Great Hall venues under a fresh management agreement with FIVE Holdings. The move recasts the East Williamsburg compound as Pacha New York, with its inaugural season beginning in June and running through October.

The acquisition is not the first time Pacha has attempted to activate in New York. Prior to FIVE’s $330 million purchase of the brand, it imported its mega-club model to Manhattan back in 2025 with high expectations and heavy capital. Pacha launched a 30,000-square-foot venue at 618 W. 46th St. before shuttering in January 2016, citing escalating operating costs and fierce competition in the Big Apple’s cutthroat nightlife sector.

Its revival arrives after Avant Gardner’s proprietors filed for Chapter 11 bankruptcy with $155.3 million in debt. A federal bankruptcy judge then approved a sale to its primary lender, Axar Capital Management, for $110 million, dealing a dramatic death knell for one of New York’s most prominent EDM venues following an ambitious $30 million renovation that never came to fruition.

An explosive financial crisis unfolded as the Mirage navigated operational setbacks, most notably contentious permit issues and safety inspection failures. Its owners ultimately ousted embattled CEO Josh Wyatt and replaced him with storied nightlife entrepreneur Gary Richards, who also tours as the renowned DJ and producer Destructo. However, with no clear path to profitability and a growing pile of severely overdue bills, the Mirage’s reopening plans never materialized and Avant Gardner cancelled its entire season of shows.

FIVE Holdings, the Dubai conglomerate behind the global Pacha clubbing franchise, ultimately finalized a deal to acquire the property from Axar.

“With these matters now resolved, the transition to FIVE and Pacha can move forward in earnest,” said Andrew Axelrod, CEO and CIO of Axar Capital. “We are thrilled to partner with FIVE and Pacha to bring a world-class operator to Brooklyn. We are deeply grateful for the constructive engagement of all constituencies including AG employees, state and local regulators, artists, agents, and unsecured creditors, throughout this process.

“The partnership with FIVE and Pacha is about restoring the venue as a beloved destination for music fans, and we look forward to seeing it elevated to even greater heights.”

Pacha has not yet revealed headliners or resident DJs, but attendees can “expect the world’s most sought-after electronic artists, Grammy-winning performers, and large-scale shows rarely seen in New York City,” according to a press release shared with EDM.com.

Year-round operations will pivot around The Great Hall, which is slated for upgrades before resuming its calendar outside peak months. Pacha says it will maintain booking partnerships with Brooklyn collectives and promoters to preserve continuity with the venue’s existing audience base.