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Famous Elbo room bar is on market for sale….Owner set to sell 4.46-acre property on Fort Lauderdale’s beach for redevelopment

The Elbo Room bar and nearby properties on Fort Lauderdale beach could be replaced by a development that resembles the one in this rendering. The owners of 4.46 acres of property in Fort Lauderdale’s beachfront area, including the landmark Elbo Room bar, have offered the property for sale without an asking price. Aiton “AJ” Yaari assembled the property with 500 feet of frontage along the beach over approximately 30 years. The 4.46-acre assemblage extends north from the Elbo Room north to Poinsettia Street and west from A1A to Seabreeze Boulevard. Yaari and his business partner Lior Avidor put the 4.46-acre site on the market Thursday and circulated a rendering of how the property could be developed. The rendering, prepared by Jiro Yates and Joy Jasinski ...

Co-working office operator Spaces and Del Frisco’s Grille are coming to Las Olas Square

Miami-based Steelbridge Capital signed an operator of co-working office space and a national restaurant chain as tenants of Las Olas Square, a two-building office complex in downtown Fort Lauderdale. The parent company of executive office provider Regus will open a 32,000-square-foot co-working space at the property under the company’s Spaces brand. Two other Spaces locations are planned in downtown Miami and Miami’s Wynwood area. Del Frisco’s Grille will open its first chophouse-style restaurant in South Florida at Las Olas Square. Tampa is Del Frisco’s only current location in Florida. Steelbridge bought the two-building property at 501 and 515 East Las Olas Boulevard from SunTrust Banks Inc. for about $90 million in 2016. Steelbridge is now overseeing a $10 million project to remodel the property, formerly ...

Development near downtown Fort Lauderdale will feature iPic movie theater

An iPic movie theater with a restaurant and bar will be part of a mixed-use development on Federal Highway near downtown Fort Lauderdale. The luxury movie theater will have screens in eight auditoriums, each with capacity for 40 to 60 guests, who will be have fully reclining leather seats, plus pillows and blankets upon request. The theater will operate together with a restaurant called City Perch Kitchen + Bar, designed by Sherry Yard, chief operating officer of iPic Entertainment. The theater and restaurant will be part of a mixed-use development at 601 North Federal Highway. The development, called 601 N Federal, will have retail and office space totaling about 150,000 square feet and as many as 180 apartments. Barron Real Estate, the developer of 601 ...