The future of The Masquerade music venue in the Old Fourth Ward is uncertain as a developer plans to build 228-unit apartment complex and restaurant adjacent to the property that will front on the Eastside Trail of the Atlanta BeltLine.
According to Creative Loafing, real estate firm Southeast Capital is still deciding what will go inside the historic Excelsior Mill buildings on North Avenue that have been occupied by The Masquerade since 1989.
Southeast Capital has owned the century-old mill buildings since 2006, which is when rumors began circulating that The Masquerade would vacate and the property transformed into a Krog Street Market-style space for multiple restaurants.
Southeast Capital officials say they are now looking at an adaptive reuse for the main buildings and will make an announcement soon. Whether The Masquerade will open in a new location is still unclear.
UPDATE: The Masquerade has posted this message on its website:
We really appreciate the outpouring of support and concern we have received over the past two days.
The O4W neighborhood has gone through a ton of changes over the past number of years and we are glad to be a part of the growth.
For those concerned about The Masquerade? leaving Atlanta, rest assured, we aren’t.
We will release specifics as soon as we can. We are continuing with our booking through 2016 and all shows are going forward.