My personal thoughts - which are purely speculation, no insider info unlike others - is that Space in their final year should either stick with ENTER. or draft in a guaranteed puller party than opposed to start from scratch with a new concept (what would be the point?)
Hawtin is still a huge draw. I think they just missed a trick by not giving ownership of the terrace to one or two individuals over the years.
Funny to think that when ENTER. started out it was a hook-up with Kehakuma. ENTER. was really fresh and blew ppl away, but it's light has diminished a lot rapidly than other parties . And Kehakuma have gone from strength to strength in that time.