BUCKTOWN — A Bucktown entertainment venue with an expansive outdoor patio is primed to join several other venues along the Elston Avenue corridor near the Chicago River.
The Outset, an up to 1,000-person-capacity venue, is planned for 1675 N. Elston Ave. The City Council approved zoning for the proposal Wednesday.
The owner, 1675 Holdings LLC, is managed by nightclub operator Nick Karounos, who also runs Concord Music Hall in Logan Square, PRYSM Night Club in Lincoln Park and Radius in Pilsen. Karounos did not return emails seeking comment this week.
Karounos has been working to open a venue at the property since at least 2017. Former nightclub Koncrete closed in the space in 2015 after a fight inside led to the shooting death of a woman.
The venue will be around the corner from longtime Chicago venue and bar The Hideout, 1354 W. Wabansia Ave., and a few blocks north of the Salt Shed, 1357 N. Elston Ave., the expansive entertainment complex which opened last year.
The development has a project budget of $2 million and will create 40 permanent jobs, according to a presentation at last month’s Plan Commission meeting.
The Outset will also be next to the future $6 billion Lincoln Yards megadevelopment site. Plans for Lincoln Yards have outlined several entertainment venues throughout the development.
Progress on the Lincoln Yards development has stalled in recent years. Only one building has been built, and developer Sterling Bay confirmed this month the company is in the process of seeking new investors.
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