In 1965, the Velvet Underground gathered in a cramped loft on Ludlow Street with no bathroom, heat or electricity to begin rehearsing songs that would become the core of their debut album, “The Velvet Underground & Nico.” Nine blocks north and 53 years later, a much bigger space — covering two stories and 12,000 square feet — will house a multimedia exhibition dedicated to the band’s legacy.

The exhibition, “The Velvet Underground Experience,” will arrive at 718 Broadway in October, featuring photographs, portraits, films, videos, live concerts and musical workshops.

The exhibition is transferring from the Philharmonie de Paris, where it opened two years ago and was seen by 65,000 visitors, according to organizers. Christian Fevret, the exhibition’s main curator, said he had always planned on bringing the show to New York, especially given that it focuses on the city’s hybridized culture in the ’60s, where artists, filmmakers and musicians mingled and collaborated freely. One section, for example, delves into the circumstances that led to the meeting of John Cale, a Welsh avant-garde classical musician, and Lou Reed, a pop songwriter and former R.O.T.C. platoon leader from Long Island.

But finding a venue with the size and technological capabilities to match the Philharmonie proved difficult. “To find a place in New York for three months, where you can have 300 visitors at the same time: that’s not very easy,” Mr. Fevret said in an interview. The exhibition was slated to open in Chelsea in April, but plans fell through. Mr. Fevret then pushed for a space geographically closer to the band’s point of genesis.