Grand Prospect Corridor, occasion and live performance venue in Brooklyn, bought for $ 22.5 million
Al Pereira / Getty ImagesGreat prospects
Grand Prospect Hall, the venue and occasional concert venue in Brooklyn, NY, was bought by Gowanus Cubes LLC for $ 22.5 million as part of a larger $ 30 million deal, according to Gothamist and The Real Deal.
Grand Prospect Hall was built in 1892 and is located in the Park Slope neighborhood of Brooklyn. The Grand Prospect Hall was bought by Michael and Alice Halkias in 1981 and opened in 1985. The venue, known for its slogan “Where dreams come true”, is a popular meeting place for weddings, banquets and other celebrations – and concerts have been regular throughout its history.
Shows in the room in 2013 included a celebration for indie label DFA’s 12th birthday; Performances by Hot Tuna and Arcade Fire in 2017; and the recurring Zlatne Uste Golden Festival, which presents Balkan music.
Pollstar’s only box office report for the venue is from October 2019 when a team of promoters including House of Yes and Zero Productions staged City of Gods Halloween – “a great convergence of pantheistic force, a gathering of grotesque opulence and eternal extravagance”. According to a listing, this included several DJs – in the Grand Prospect Hall. The event sold 11,507 and raised $ 1.3 million.
Additionally, productions from “30 Rock” to “Royal Tenenbaums” have shot scenes in Grand Prospect Hall, and the room has been parodied by the likes of “Saturday Night Live” and Jimmy Kimmel.
The venue was listed on the National Register of Historic Places in 1999.
When The Real Deal reached out to attorney Oded Ben-Ami, who represents Angelo Rigas, the party that bought the venue through Gowanus Cubes LLC, the attorney declined to reveal plans for the venue and adjacent properties.