Local indie rockers The Luxury Spirit are set to release new album Forgotten Albatross. The first single, "Light," crackles with electricity and layered guitars. Drums snap and pulse below the melee, but the song, for all of its expansive inclination and amplitude, still maintains its taut structure. Singer Bob Burnette's tenor glides through waves of reverb. The band holds an album release party at Emerald Lounge on Saturday, Aug. 24. Of Sea & Shore and The Beast of Riverdale also perform. 9 p.m., $5. http://www.emeraldlounge.com.