A judge has cleared the way for private equity firm Axar Capital Management to buy Brooklyn club conglomerate Avant Gardner for approximately $110 million, two months after the beleaguered nightlife empire filed for bankruptcy .

The deal includes ownership of the Brooklyn Mirage venue, which a lawyer for Axar said would undergo “construction or possibly demolition … in order to get the facility ready for a 2026 season” during a bankruptcy court hearing Thursday.

Avant Gardner filed demolition permits for the Brooklyn Mirage space earlier this month , leading to widespread speculation that one of NYC’s largest music venues would be destroyed. This is the first indication since those permits were filed that the Mirage, which has been closed since 2024, may reopen, as the company ha

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