DALLAS (CBSDFW.COM) – Dallas Mavericks owner Mark Cuban is partnering with Live Nation Entertainment, Inc. to turn Cuban’s parking lot into the Design District’s first live music venue.

It’s called The HiFi Dallas.

The HiFi Dallas rendering (Courtesy of Live Nation)

They will be converting an empty warehouse along North Stemmons Freeway next to the Mavericks’ practice facility into a concert hall for up-and-coming artists.

The HiFi Dallas rendering (Courtesy of Live Nation)

The HiFi Dallas will be a 1,000-capacity venue set to open in May.

The HiFi Dallas rendering (Courtesy of Live Nation)