"[2] It was located at 2128 1/2 S. Indiana Avenue before moving to 67 E. Cermak when the original building was scheduled for demolition.
The club was established in 1983 by jazz saxophonist Fred Anderson[3] who owned the business until his death in 2010.
Many prominent musicians played the Velvet Lounge early in their careers, particularly in Sunday night jam sessions.
After Anderson's death, the club was purchased by a neighboring business which ended the jazz performances and instead presented DJs, hip hop music, and comedians.
In 2013, Mike Reed founded the Constellation club, in part to fill the void left after the Velvet Lounge closed.