Owner and operator of Concord Music Hall and PRYSM Nightclub Nick Karounos has announced a new independent music venue in Chicago titled, “Radius.”

The new building will be a 55,000 square foot multipurpose event space with a capacity ranging from 2,500 to 3,800 people. Previously an old steel factory in Chicago’s Pilsen neighborhood, Radius will be a modern artistic forum featuring a premium sound system, a mezzanine level to host VIP guests/packages, lavish artist lounges, a spacious outdoor smoking section and nine full service bars where guests can indulge in craft beers and specialized cocktails.

“We were looking for a scalable, multi-purpose venue space to house a state-of-the-art concert facility with modern art and design elements at the forefront, and we’ve created it with Radius,” said Karounos in a statement. “This project has been four years in the making and we are beyond excited to show Chicago and the rest of the world what we have built for music lovers of all genres.”

Set to open February 29th, Dillon Francis will be the venue’s first headliner. He will then be followed by top-notch acts such as Carl Cox, Tchami, Lil Wayne, Alkaline Trio and Bad Religion, King Gizzard & The Lizard Wizard and more.

Radius is ready to go with tickets for the first slate of shows to be on sale Friday.

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