Pacha New York Announces June Opening

After acquiring what was formerly known as the Brooklyn Mirage, FIVE Holdings announced Pacha New York will open in June. The agreement sees FIVE Holdings assuming full operational management of the Brooklyn Mirage and Great Hall complex in Brooklyn, New York’s Bushwick neighborhood. The venue’s first season will last from June to October, with artists across the electronic music space expected to perform.

The venue’s lineup will be announced ahead of the season, with FIVE Holdings promising to upgrade Great Hall, which will continue to operate year-round.

“New York – the financial and cultural capital of the world – represents more than a market expansion for FIVE and Pacha; it marks a defining moment in our global journey,” Kabir Mulchandani, Chairman and Chief Executive of FIVE Holdings, said in a statement. “This move reflects the strength of our vision, the resilience of our platform, and our ambition to help shape the future of entertainment on a global stage. We are entering a city that influences how the world thinks, creates, and connects – and we do so with bold imagination, long-term commitment, and the confidence to build destinations that resonate far beyond their physical walls. For us, New York is not simply a new chapter – it is a statement of intent about the scale of our aspirations and the cultural impact we are here to create.”

Over the summer of 2025, the Brooklyn Mirage, which at the time was operated by New York-based promotion company Avant Gardner, had been unable to open after being not being issued the proper permits to begin following a reconstruction of the venue. Avant Gardner filed for bankruptcy last fall.

“After supporting Avant Gardner through a challenging period in 2025, we are pleased to have achieved an agreement in principle with the Committee of Unsecured Creditors resolving all material matters related to the Chapter 11 plan and sale transaction, as reflected in yesterday’s filings in the U.S. Bankruptcy Court,” Andrew Axelrod, CEO and CIO of Axar Capital, said in a statement. “With these matters now resolved, the transition to FIVE and Pacha can move forward in earnest.”

“We are thrilled to partner with FIVE and Pacha to bring a world-class operator to Brooklyn,” the statement continued. “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.”

FIVE Holdings is a luxury lifestyle group with a portfolio that spans FIVE Palm Jumeirah, FIVE Jumeirah Village and FIVE LUXE JBR in Dubai; FIVE Zurich in Switzerland; and Destino Five Ibiza and Pacha Hotel in Spain. The group also owns Pacha Ibiza nightclub and more.