Bands such as Oasis and Radiohead played at The Charlotte
A new music centre is set to open in Leicester after the city lost a popular live venue earlier this year.
The Charlotte, which has hosted Oasis and Coldplay, went into administration after licensee Andy Wright said he could no longer afford to run it.
Mr Wright is behind new project Lock 42 at a former factory near Frog Island.
The venue, which is due to open in October subject to planning approval, will include nine rehearsal rooms and a recording studio.
Mr Wright said he was confident the new venture would fair better financially than the Charlotte.
"It's in a fantastic location and a fantastic building [a Victorian mill] - it's made for it.
"The problem with The Charlotte was that a brewery owned the building and the rent became too high and the overall expenses were too high for that type of venture but this is a very different matter.
"It should be a sort of community centre for local bands because they can do everything here from record to rehearse to play," he said.
The venue is expected to hold about 200 people. The plans are currently going through Leicester City Council.