Foundry Hall coming to SLS

The former Life nightclub at SLS Las Vegas is being transformed into an 1800 seat music venue called Foundry Hall, which will open early in 2016.

A Las Vegas Weekly article detailed the renovation project. The nightclub's DJ booth is being removed in favor of a stage. Audio improvements are being made, while keeping the nightclub's massive LED screens.

Live Nation will partner with SLS to book acts at the new venue, which will be a mix of permanent and standing room only seating.

The new music venue comes at a time when SLS is looking to make major improvements to the property to attract more guests. Last week it was announced that one of the hotel towers will be converted into a W Hotel brand.

SLS is still struggling financially. After reporting third quarter earnings they have lost $122.7 million so far in 2015. Parent company Stockbridge is banking on these improvements to help turn the property's fortunes around.