AEG Presents has signed a long-term lease agreement to operate a new venue in Raleigh’s Downtown South, a new entertainment district created by Kane Realty Corporation, officials with both companies announced Wednesday (Sept. 21).
The state-of-the-art venue was designed by architecture firm Gensler and will accommodate indoor shows up to a capacity of 3,500 and feature an intimate rooftop lounge. Construction on the venue will begin in spring 2023, with a grand opening planned for fall 2024.
The yet-to-be-named venue will anchor the Downtown South district and back up to a wooded, natural area, public park and retail spaces. The building’s exterior will have an industrial finish of masonry, steel, corrugated metal and wood.
In a statement, AEG Presents executive vp, COO and general counsel Shawn Trell called the project a “natural fit” for Downtown South, saying, “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.”
John Kane, CEO of Kane Realty Corporation, compared the new venue to AEG Presents’ Mission Ballroom in Denver and The Eastern in Atlanta, stating, “As Raleigh grows, it will be important for us as a City to keep pace with the demands for entertainment options – we believe that the size and flexibility of this new venue will fill a critical gap.”
