INDIANAPOLIS – HI-FI & MOKB Presents recently announced the construction of a new indoor venue in the Murphy Arts Center, the same site that currently hosts HI-FI Annex as a temporary outdoor venue. Set to open in early 2026, the new indoor space will provide a permanent home for the tentatively named HI-FI Annex and build on its success as a catalyst for the Fountain Square music scene.
Originally conceived as a temporary pandemic-era solution, HI-FI Annex quickly filled a unique need in Indianapolis’ entertainment landscape, attracting audiences and top tier talent with its dynamic outdoor setting.
The new venue will feature an expanded footprint, nearly doubling the size of its outdoor predecessor. The versatile event space will include a cutting-edge concert hall with a projected capacity of more than 1,200, as well as an underground, speakeasy-style room for intimate gatherings and pre- and post-show events.
Significantly, the new location will bring HI-FI Annex’s outdoor operations indoors, addressing considerations such as neighborhood impact, reclaimed parking, and regulatory challenges, all while maintaining its community-oriented approach.
With roots stretching back over 100 years, Fountain Square has a rich history as an entertainment destination. Once home to five theaters, each with more than 1,000 seats, the area drew large audiences for performances and silent films.
The new venue will rise on the former site of the historic Granada Theatre, a fitting nod to Fountain Square’s entertainment legacy.