Downtown venue to leave Manhattan
Legendary New York venue the Knitting Factory is set to make its second move since 1994 when it relocates to a space in the Williamsburg neighbourhood of Brooklyn.
The club, which is known for its history of presenting punk and avant garde acts, is leaving its current location in Tribeca and will open within four to nine months at the former home of Luna Lounge on Metropolitan Avenue in Williamsburg. Luna Lounge itself is a casualty of rising rents in Manhattan, having moved from Ludlow Street to Brooklyn but it recently closed its doors at its new location
Owner Jared Hoffman told the New York Times that his decision to move the club to Brooklyn is to bring the club closer to younger music fans who cannot afford to live in downtown Manhattan, and have migrated to Brooklyn where rent is lower.
The current space in Tribeca features three live rooms, and the largest one has a capacity of 400. The new venue in Brooklyn will hold just 300 people in an effort to reduce the necessity to draw larger crowds, allowing the club to promote the smaller up and coming acts it became famous for.
The club opened 21 years ago on the Lower East Side, and has been at its Tribeca location for the past 14 years.
Meanwhile, parent company Knitting Factory Entertainment recently acquired two spaces in Boise, ID and Spokane, WA with significantly larger capacities. The company also retains a space in Los Angeles, which the report says is struggling.
Knitting Factory Entertainment has an annual revenue of $19 million, the majority of which is made through its touring business which last year presented a myriad of mainstream acts from Elton John to Lyle Lovett.
–By our New York staff.