Avant Gardner Files Voluntary Chapter 11 to Strengthen Financial Condition and Position Itself for a Strong Future
Great Hall and Kings Hall Continue to Operate
Brooklyn, NY (August 4, 2025) – Avant Gardner, LLC, along with its direct and indirect operating subsidiaries (“Avant Gardner” or “the Company”), operator of the Avant Gardner indoor-outdoor events complex in East Williamsburg, Brooklyn, today announced that the Company has voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.
Avant Gardner’s Great Hall and Kings Hall event venues are to remain open and operating as usual during the Chapter 11 process, continuing to serve the vibrant community of artists and fans that have made Avant Gardner a world class performance destination.
To support Avant Gardner’s operations during the Chapter 11 process, the Company has received a debtor-in-possession (“DIP”) financing commitment from its existing lender. As part of its filings, Avant Gardner anticipates entering into a stalking horse purchase agreement pursuant to which the Company will sell its assets to an entity formed and controlled by its existing lender (subject to a court supervised over-bidding process).
The decision to file for Chapter 11 relief follows several months of financial distress, culminating with Avant Gardner being unable to open its newly constructed Mirage event space for the 2025 season. Many of the Mirage shows are being moved to the Great Hall or otherwise relocated for the remainder of 2025.
Avant Gardner has brought in industry veteran Gary Richards as its new CEO to stabilize the Company’s finances and bring the Mirage back for 2026 and beyond.
Gary Richards said “The Avant Gardner event complex is a truly special music venue that has provided cutting edge experiences over the years for artists and fans from all around the globe. Everyone I speak to has had the best sets and very special memories at the Brooklyn Mirage.
Two months ago I was brought in as CEO to rebuild the Company’s culture and turn the business around. I believe this Chapter 11 restructuring is the most viable path forward - it will allow us to stabilize Avant Gardner and focus on building for the future.”
Court filings and information about the claims process can be found at a separate website maintained by Avant Gardner’s claims agent, Kurtzman Carson Consultants, LLC dba Verita Global (“Verita”) at https://www.veritaglobal.net/AGDP or by calling Toll Free (U.S.& Canada): (866) 523-2951.
The professionals serving the Company include Young Conaway Stargatt & Taylor, LLP, as legal advisor, and affiliates of Portage Point Partners, LLC, as restructuring advisor and investment banker.
About Avant Gardner
Avant Gardner is where New York City goes for premiere electronic nightlife. It is an indoor- outdoor events complex in East Williamsburg, Brooklyn, known for its three performance venues, The Mirage, The Great Hall and Kings Hall. Since its opening in 2017, Avant Gardner has attracted top-tier talent from around the globe.
Media
For media matters for Avant Gardner:
Jenni Weinman
The Current Co.