Ultra Music Festival co-founder will debut a new festival during Basel called UR1 Festival. UR1 stands for Your Generation Music Festival, and plans on uniting all genres of music. The festival will take place December 8-9th in Miami. Since the initial announcement earlier this May, UR1 Festival has been very quiet with their Art Basel plans. Today, it was released that the festival will take place at Bayfront Park. The two day multi-staged concert will consist of 5 stages, over the 32 acre property. The initial lineup will be announced on August 21st. Stay tuned for more details.