BOSTON – Eastern Bank, America’s oldest and largest mutual bank, announced a $7.5 million term loan to Big Night Entertainment Group for the construction and lease-hold improvements of Big Night Live at The Hub on Causeway in Boston.
Scheduled to open this month, the music hall will add over 40,000 square feet of live entertainment and nightlife space to The Hub on Causeway. The Hub on Causeway is a joint venture development from Delaware North and Boston Properties that consists of more than 1.5 million square feet of mixed-use retail, office, hotel, and residential space, as well as an expansion of TD Garden.
Accommodating up to 2,000 guests, the Big Night Live venue will include: a music hall with state of the art sound; Studio B, a modern event space for dinner events and private receptions; and Guy’s Tequila Cocina, a 185-seat restaurant by celebrity chef, restauranteur, author, and Emmy Award-winning host Guy Fieri. In addition, Big Night Entertainment Group is partnering with Live Nation on the live music experience.
A customer of Eastern Bank since 2012, Big Night Entertainment Group is considered one of New England’s preeminent hospitality and entertainment management companies. It owns and operates a diversified portfolio of award-winning restaurants and nightlife destinations.
“Big Night Entertainment Group began with the dream of taking New England dining and nightlife to a new level, and we are excited to bring to life our latest concept,” said Ed Kane, Principal of Big Night Entertainment Group. “Eastern understands our vision to create great experiences in the community, and has repeatedly invested in us as we’ve expanded our concept and growth.”
“We aim for beautiful venues, unique menus, world-class entertainment, and exceptional customer service, and with Eastern’s support, we will once again make this possible when we invite guests to our shows opening in October and beyond,” added Randy Greenstein, Principal of Big Night Entertainment Group.
“It’s a pleasure to work with the team at Big Night Entertainment Group as they continue to reimagine and reinvent a sector of our local economy,” said Jan Miller, Vice Chair and Chief Commercial Banking Officer of Eastern Bank. “They share our roots in New England, which makes what they are achieving all the more special.”
Eastern provides a range of commercial financing offerings to help local companies across many industries improve cash flow, increase efficiencies, and build for the future. Commercial lending solutions include seasonal working capital/lines of credit, equipment and term loans, and asset based lending.
The Commercial Banking team advising Big Night Entertainment Group includes Executive Vice President, Senior Commercial Banking Officer Gregory Buscone and Senior Vice President Brendan O’Neill.
Big Night Entertainment Group was founded in 2006 by veteran nightclub owners Ed Kane, Joe Kane, and Randy Greenstein. Big Night Entertainment Group transforms hospitality with destinations that transcend the status quo, including: Big Night Live, Guy Fieri’s Tequila Cocina, The Grand, Explorateur, Empire, Red Lantern, Scorpion Bar, and VERSUS. Big Night Entertainment Group also owns and operates CBS Sporting Club and Scorpion Bar at Patriot Place in Foxboro, and Shrine, Red Lantern, High Rollers, Scorpion Bar, and Guy Fieri’s Kitchen & Bar, in Connecticut. The company is consistently ranked as one of the “Top Places To Work” by The Boston Globe.