The symphony expects to use the space, named Octave 9: Raisbeck Music Center, for creative residencies and performances and as an artistic incubator for local artists.

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Seattle Symphony plans to build a $6.7 million venue inside Benaroya Hall that can morph from providing an immersive 360-degree video-and-audio-surround atmosphere to more traditional concert, meeting, banquet or lecture-space settings.

The venue, named Octave 9: Raisbeck Music Center, is slated to open in February, with construction starting this month. At 2,500 square feet, with the ability to accommodate up to 120 people, Octave 9 will be the smallest of Benaroya Hall’s three performance venues, which include the 2,479-seat S. Mark Taper Foundation Auditorium and the 536-seat Illsley Ball Nordstrom Recital Hall.

The symphony expects to use the space for creative residencies, performances and as an artistic incubator for local artists. Derek Bermel, Seattle Symphony’s composer in residence for 2018-19, will curate a series of concerts and community events. Cellist Seth Parker Woods is expected to be Octave 9’s first artist in residence.

Octave 9 will be built in the space that was formerly known as Soundbridge, a musical classroom for students and the community.

To date, about $5.9 million — a mix of public and private funds — has been raised, with $2 million of that coming from a match from local philanthropists James and Sherry Raisbeck, according to Seattle Symphony. The symphony expects the remaining $775,000 to be raised by the opening next February.