Image courtesy of DAIQ Architects.

The latest nightlife addition to the neighborhood around Fenway Park is breaking ground this morning.

Fenway Sports Group, parent group of the Boston Red Sox, is scheduled to host a groundbreaking ceremony for the MGM Music Hall at Fenway at 11 a.m. Its builders tout the new venue on the corner of Lansdowne and Ipswich Streets as a “state-of-the-art” performing arts center.

The theater will be owned by FSG but operated by a joint venture, Fenway Music Company, a partnership between Fenway Sports Management and Live Nation. Fenway Music Company will book, manage, and operate the MGM Music Hall at Fenway, as well as the House of Blues Boston on Lansdowne Street. MGM Resorts International is the naming rights sponsor. The project was designed by Somerville-based DAIQ Architects, with Gilbane Building Co. acting as construction manager.

“We spent a considerable amount of time contemplating the various uses for this particular parcel of land and the kind of development that would complement the entertainment and community needs of the Fenway neighborhood,” FSG Chairman Tom Werner said in a statement. “We felt an indoor, performing arts space of this scale would not only provide an intimate setting for live events, but also create a wide array of educational initiatives and programming for the many arts schools, like the Boston Arts Academy, Berklee College of Music, and Boston Conservatory at Berklee, just steps away from the venue. We are excited to get this development underway.”

The project will occupy roughly 91,500 square feet across four levels, and accommodate approximately 5,000 patrons. The new venue will replace the open-air, paved lot – often referred to as “the Triangle Lot” – that has long accommodated parking for broadcast trucks and functioned as a service yard for Fenway Park.

“The MGM Music Hall is an exciting addition to Boston’s music scene, and will be a beautiful, state-of-the-art performance venue,” Boston Mayor Walsh said in a statement. “Projects like these are a sign of our city’s strength, and I thank Fenway Sports Group for their commitment to opening this venue in Boston, their contributions to the surrounding community, and their recent commitment to the Boston Arts Academy with their partners at Live Nation.”