Melbourne’s Festival Hall (cap. 5,445) is expected to be demolished to make way for a AS$65 million ($51.4m) apartment complex.
The owners of the venue, The Wren family who run the building under their company Stadiums Limited, intend to sell the space for redevelopment with plans in place with Melbourne City Council for two apartment towers, shops and office space. Acts which have played the Hall, built in 1915, include the Rolling Stones, the Beatles, Johnny Cash, Lorde and Tame Impala.
Director of Stadiums Limited Chris Wren says the venue is no longer able to compete with other newer and larger venues nearby, including Hisense Arena (10,000).
“We can see the writing on the wall and as responsible directors we’re probably going to close the shop,” he says.
Fellow director John Wren adds, “It is hard, but it’s a fact that we’ve got to move on.”
Artistes playing the venue include Macklemore and Angus and Julia Stone.