{"id":93740,"date":"2026-01-08T15:18:32","date_gmt":"2026-01-08T15:18:32","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/93740\/"},"modified":"2026-01-08T15:18:32","modified_gmt":"2026-01-08T15:18:32","slug":"pachas-parent-company-to-buy-avant-gardner-brooklyn-mirage-%c2%b7-news-%e2%9f%8b-ra","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/93740\/","title":{"rendered":"Pacha’s parent company to buy Avant Gardner, Brooklyn Mirage \u00b7 News \u27cb RA"},"content":{"rendered":"

Pacha’s parent company to buy Avant Gardner, Brooklyn Mirage \u00b7 News \u27cb RAThe Dubai-based FIVE Holdings will reportedly relaunch the venue as Pacha New York.\"Pacha'sThe Dubai-based company that owns Pacha<\/a> has purchased New York venues Avant Gardner<\/a> and Brooklyn Mirage<\/a>.<\/p>\n

Per BK Mag<\/a> , the deal between FIVE Holdings, Pacha’s parent company, and Axar Capital, which bought<\/a> Brooklyn Mirage and Avant Gardner in October, went through last Thursday, January 1st. FIVE Holdings reportedly intends to rebrand the venue as Pacha New York.<\/p>\n

It’s the latest update in a long-running saga of upheaval at the East Williamsburg venue, which filed for bankruptcy<\/a> in August and demolition in October. After a $30 million renovation in early 2025, the venue never reopened for the summer season due to multiple permit and construction issues. When Axar acquired the complex, multiple other Brooklyn Mirage lenders sued the company and three board members for “alleged misrepresentations of the company’s financial condition,” per Bloomberg<\/a>. <\/p>\n

It’s also not the first time Pacha, which opened its flagship Ibiza club in 1973, has ventured into New York nightlife. The first iteration of Pacha New York<\/a> opened in 2005 in a Hell’s Kitchen space, hosting the likes of Jeff Mills, Danny Tenaglia and The Martinez Brothers before shuttering in January 2016. <\/p>\n

We’ll continue reporting on this story as it unfolds.<\/p>\n","protected":false},"excerpt":{"rendered":"Pacha’s parent company to buy Avant Gardner, Brooklyn Mirage \u00b7 News \u27cb RAThe Dubai-based FIVE Holdings will reportedly…\n","protected":false},"author":2,"featured_media":93741,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[98,100,99,2513,2512,9,24,63,1371],"class_list":["post-93740","post","type-post","status-publish","format-standard","has-post-thumbnail","category-brooklyn","tag-brooklyn","tag-brooklyn-headlines","tag-brooklyn-news","tag-english","tag-magazine-news","tag-new-york","tag-new-york-city","tag-nyc","tag-united-states-of-america"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/93740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=93740"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/93740\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/93741"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=93740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=93740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=93740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}