The Death of a Legend?

While this may not necessarily be super current or the most up to date news, in August I was incredibly dismayed to hear that my favorite live music venue, and one that is closely associated with live music in San Antonio, The White Rabbit, had been sold.  Many a night I have spent at San Antonio's finest music establishment, and after the closing of the Verizon Amphitheater on the outskirts of town, the White Rabbit became the only viable option in town for small/medium artists to perform at.  I personally have seen around 200 or more bands perform at the venue in my glory days as a teenager, boy did I think I was cool, but anyways this prime piece of San Antonio real estate is set to be purchased by successful restaurant owner and real estate developer Chad Carey.  Carey's intention is that the venue will remain open and continue booking shows.  The White Rabbit sits on 2.3 acres and also contains a pizza parlor, so this piece of real estate is a prime target for a mixed use development, even a small one, would generate cash flows given the location of the White Rabbit and the positive association of the venue's name to avid concert goers in San Antonio, such as I was in my teenage glory days (lol).
The importance of this piece of prime real estate to the San Antonio music scene cannot be overstated, as without a music venue of this size for artists to perform at, the only other option is to look for a larger venue, such as the AT&T Center, which no small/medium sized artist would ever be able to fill.
Overall this is important to real estate given the White Rabbit's potential as a mixed use development, although it would be a small one at best, and its importance as easily the most recognizable music venue in San Antonio.

The view from inside the White Rabbit, with the stage pictured at the front.

View from the courtyard area of the White Rabbit, with the concert venue to the left and the pizza parlor to the right, although neither are both entirely pictured.

 

View from the front of the venue.