As the anticipation tightens, thePacha PR team is keeping it surprisingly under the radar. While 140 Stewart Avenue has been cleared for temporary assembly space in DOB filings on March 19, 2026, it is only meant for the ground floor. The space can fit 2,800 people, which is not even close to the planned 7,000-person grand reopening.

Axar Capital, a private equity firm, has been previously accused of wrongdoing by MCA funders and a committee overseeing the Avant Gardner venue in Brooklyn. Yet, despite these allegations, Axar has managed to secure deals and is now on a fast track to exit all legal liabilities. The torch is now being passed to PACHA, owned by Five Holdings, with Kabir Mulchandani - a person once accused of real estate fraud and who spent 140 days in jail who’s been making quite a comeback and will have a decisive voice the future of the Brooklyn nightlife scene.