Avant Gardner, the Brooklyn-based operator behind popular nightlife venues like Brooklyn Mirage, has filed for Chapter 11 bankruptcy protection. The filing follows a turbulent summer season during which Brooklyn Mirage was unable to open due to permitting issues.
Highlights
- Avant Gardner filed for Chapter 11 bankruptcy protection on August 4, 2025.
- The venue failed to open the Brooklyn Mirage this season due to permit issues.
- The company plans to restructure operations and continue limited events at other venues.
Avant Gardner Files Voluntary Chapter 11 Bankruptcy
According to the PacerMonitor, Avant Gardner, LLC at 140 Stewart Ave, Brooklyn, NY 11237-1127, filed for Chapter 11 bankruptcy. The case was filed at the Delaware Bankruptcy Court on August 4, 2025.
The company, which operates indoor-outdoor venues in East Williamsburg, voluntarily filed for bankruptcy in a bid to stabilize its finances and restructure operations.
The case reported 50,001-100,000 creditors with assets ranging from $50,000,001 to $100 million. The liabilities noted are more than this, $100,000,001 to $500 million.
Avant Gardner plans to continue operating during the Chapter 11 proceedings and has secured debtor-in-possession financing from its existing lender. Events at Avant Gardner’s Great Hall and Kings Hall are expected to continue as scheduled, serving local artists and fans throughout the season.
Company Failed to Open Brooklyn Mirage for the Season
Facing months of financial strain, the company opted to seek Chapter 11 protection earlier this month. For the 2025 season, Avant Gardner was unable to operate its recently built Brooklyn Mirage event facility.
According to a recent social media post, many Mirage events are being moved to the Great Hall or other local venues through the end of 2025. Gary Richards, an industry veteran, has been named the company’s new CEO to stabilize its finances and revive the Mirage for 2026 and beyond.
The company is working with Young Conaway Stargatt & Taylor as legal counsel and Portage Point Partners as restructuring advisor and investment banker.
