​On a Friday night in April, a thousand people packed into Brooklyn Storehouse to hear a D.J whose name most of them couldn't pronounce. The venue is in Building 293 at the Brooklyn Navy Yard, a 60,000-square-foot industrial venue with the lease nearly expired.

Bushwick and East Williamsburg residents showed up last night. Community Board 1 held a public hearing last night on Pacha New York's liquor license for what would become an 8,000-person outdoor venue at the former Brooklyn Mirage site – down from an allegedly proposed capacity of 9,600. FIVE Holdings' Kabir Mulchandani – the Dubai-based billionaire behind the Pacha brand since 2021 – made an in-person appearance, delivering a 10-minute presentation to the board.

In January 2024, Forbes profiled Teksupport as a family-run business at its peak and positioned it as a powerful force in the industry. The article focused on co-founders Robert Toma and Michael Vitacco as a unified team. By early 2026, that narrative no longer stands. The partnership has seen courts, in plural,and the company is now defined by internal conflict.

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.

How Brooklyn Mirage Became a Financial Asset: Inside the Bankruptcy and $120M Axar Loan

"The Liquidating Trustee's fixed fee doesn't just tick up—it jumps from a token $3,000 a month to a $15,000 monthly retainer, on top of hourly billing and contingent upside tied to new recoveries. According to the confirmed plan filed at Docket 575, Joshua Nahas of Dundon Advisers LLC becomes the single most powerful actor in Brooklyn Mirage's estate afterlife—paid first, indemnified heavily, and armed with broad discretion over which claims to pursue or drop."

From Avant Gardner's bankruptcy documents, the math looks brutal: every month the case drags on, $15K comes off the top before vendors, contractors, or artists see a dime. Unmixd has reached out to Gary Richards, CEO and public face of Brooklyn Mirage, for comment on what this means for unsecured creditors still waiting. No response by press time.

On January 27, 2026, the Official Committee of Unsecured Creditors filed a statement withdrawing its support for the plan. The document was surgical and quite frankly, very ‘techno’ in spirit. Point by point, the committee laid out how Axar had:…

On New Year’s Day, outlets announced Brooklyn Mirage had been sold to the group behind Pacha. Three weeks later, the creditors’ committee told a Delaware judge the deal they were promised had been quietly gutted by Axar — and that without that very press leak, no one in the courtroom would have known.