Drake climbs to new heights!

The Canadian superstar will partner with Live Nation to open History, a new live entertainment venue in his hometown of Toronto.

According to Variety, the 2,500 capacity venue will “offer artists a versatile and intimate destination to perform and connect with fans in Toronto.”

“Some of my most memorable shows were playing smaller rooms like History,” said the “Hold On We’re Going Home” rapper in a statement.  “I wanted to take those memories and what I learned to create an incredible experience for both the artists and the fans.”

This new venue will add to Drake’s Rolodex of businesses which include October’s Very Own, the umbrella company for his clothing line, record label, and radio station.

He is also the ambassador for the NBA’s Toronto Raptors and is currently No. 3 on Forbes’s highest-paid acts in Hip-Hop per Business Insider.

History plans to host 200 concerts and events annually and has been in development for more than three years.

Construction is set to be complete toward the end of this summer.

“History will offer guests up-close experiences with their favorite artists that are unrivaled in Toronto, said Riley O’Connor, Chairman of Live Nation Canada. “We take pride in and expect History to become an important part of the community.”

The venue will include a convertible general admission area and reserved seating for various events from community programs and events,  concerts, galas, and live entertainment.

It will be located in the east end of the city, right in the heart of Beaches neighborhood at 1663 Queen Street East.

“We saw an opportunity to bring Toronto a great new venue, and we have so much gratitude and respect for Drake teaming up with us to bring it to life in the best way possible,” said Michael Rapino, President and CEO, Live Nation Entertainment.

Over the next few weeks and months, concerts and events along with additional details and career opportunities will be announced.

For more information on History click here.