According to the Phoenix New-Times, the Old Town Scottsdale institution will have one last hurrah June 29 called "Last Call."
The club, which debuted as a martini-and-cigar bar in 1997, will not be closed for good, though.
Up on the Sun has learned that Evening Entertainment Group -- the company, run by longtime Scottsdale nightlife mavens Les and Diane Corieri, that owns the property -- is planning to transform Radius into a concert joint called Livewire by the spring of 2014. Meanwhile, the adjacent Axis will become a chic craft beer hangout known as Bottle Blonde, which is tentatively planned to open in January.
EEG's operations manager Jeff O'Neil noted that the temporary closing is simply an attempt to modernize both venues after nearly two decades of serving the community.
"[The Corieris] think that Axis-Radius has kind of run its course and it's time to do something new on that piece of property," O'Neil said. "I mean, it's 16 years old, and you'd be hard-pressed to find a lot of nightclubs that have lasted this long anywhere in the country."