Raleigh could see a new concert and entertainment venue as soon as Fall 2024.
Developer Kane Realty and AEG Presents event management announced on Wednesday that they had signed a lease for a 70,000-square-foot venue to hold up to 3,500 guests as part of the Downtown South entertainment district planned for the area at South Saunders and Wilmington streets and Interstate 40.
Plans are for a venue that would have both indoor and outdoor, rooftop space.
In announcing the lease, Kane said construction was expected to begin in Spring 2023.
“We are thrilled to partner with AEG Presents on a unique music venue at Downtown South. The company is a leader in live entertainment and their decision to create their next venue at Downtown South speaks volumes about the district,” said John Kane, CEO of Kane Realty Corporation.
Shawn Trell, EVP, COO and General Counsel of AEG Presents said, “Music venues are by nature cultural hubs; they bring a sense of community and help define the energy of a neighborhood. We’ve experienced this most recently with our new venues in Atlanta and Boston, and in Kane Realty we have a partner who shares our vision for opening a state-of-the-art live music experience in this thriving market.”
Read More: New music venue planned for south of downtown Raleigh