First 188th street, then Shooters and now the Elbo Room?
A Fort Lauderdale retail portfolio that includes the beach’s landmark Elbo Room bar has hit the market with an asking price of $7.75 million, real estate website therealdeal.com reported Thursday.
The listing, announced by brokerage Marcus & Millichap, includes three adjoining retail buildings at 3001 E. Las Olas Blvd. Together they total about 10,440 square feet, so their asking price breaks down to about $742 per square foot. The Elbo Room, a rowdy cash-only bar across the street from the ocean, opened before World War II and was featured in the classic movie “Where the Boys Are. http://www.sun-sentinel.com/news/sfl...428-story.html |
That would be a travesty to have the iconic Elbow Room disappear. My first stop anytime I land in Fort Lauderdale. Set the mood.
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Is the Bahia cabana far behind also? Those laws are diamonds in the rough
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Terrible
Just going to be turned into a pinky up type terrible place. Hopefully blondies never goes away. |
Originally Posted by Bostonirish
(Post 4433729)
Is the Bahia cabana far behind also? Those laws are diamonds in the rough
If someone has 7 million to spend then collecting cash at the local hangout bar isn't going to give them the best rate of return! |
You forgot "World Famous" Brownies Bar! I just hope the Soutport Raw Bar hangs in there bad enough it's not Ted Twist's any more lol
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Originally Posted by murfman
(Post 4433800)
You forgot "World Famous" Brownies Bar! I just hope the Soutport Raw Bar hangs in there bad enough it's not Ted Twist's any more lol
Current owner of Southport was a busboy there 30 years ago so safe to say he isn't letting that place go anywhere anytime soon! |
----The Southport is my favorite bar/restraunt on earth. Surprising?,,,,yes, but I have had so many good times there (and before when it was T Twists) That Id fly down there for lunch just for the peal-and eat shrimp...Oh,,, and the libations.......Of course. Love that place and always will..........Bill S
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Originally Posted by Bostonirish
(Post 4433729)
Is the Bahia cabana far behind also? Those laws are diamonds in the rough
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Progress my azz... these deals all really suck a big one...
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Spring Break 1983, 1984 I went to the Elbo Room, those were the days, (University of Maryland times), 30+ years later I am not Spring Breaker, bars change, owners change, ect.
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Sad to see yet another great spot potentially closing soon.
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If anyone is interested I can send them the package on the property. Breaks down financials and what not.
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Cool bar. Was there for first time this past February.... Buddy and I got really torqued, no idea how we got back to room. Good times.
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Originally Posted by Bostonirish
(Post 4433729)
Is the Bahia cabana far behind also? Those laws are diamonds in the rough
City commissioners have rejected Bahia Cabana's offer to build the city a new fire station as part of a plan its owners have for redeveloping the aging beach resort, but a different deal with the city is still possible. Bahia Cabana's owners want the city's prime Seabreeze Boulevard site that houses Fire Station 49 on the north side of their property. They say it's needed for their plans to transform their tired-looking resort into an iconic, luxurious destination at the southern entrance to the city's beachfront. They offered to replace the nearly new fire station, which opened in 2010, with a better one to be built only 250 feet away on Harbor Drive. But Fire Chief Robert Hoecherl said the change might make response times worse for the station's firefighting and emergency rescue squads, a risk commissioners were unwilling to take. Instead, Vice Mayor Dean Trantalis suggested Tuesday there might be a better location for a new beach station, possibly closer to Las Olas Boulevard, that would improve response times and wouldn't negatively impact a residential neighborhood as Harbor Beach residents feared the proposed site would do. Slower response times being 250 feet away? Really? These guys responding on foot or 200K trucks? |
It's funny. These places started where they did because the area was cheap and undesirable. Then they make it something and then they get driven out becoming a victim of their own success.
If you build it they will come...and then move in and take over and drive you out. Just like BFI (the trash company) did in a section of waterfront in Baltimore. They built a new home office in an area that was so bad they closed the city maintenance garage that was there just a year before. After a couple years BFI expands, more business move in and another office park opens, etc, etc. Now the place is turning back into a ghost town because the city now sees it as a desirable area and waterfront to boot so taxes are going up and they are trying to move residents into the area causing property values to go up also. Now it just came to light that Under Armor has been secretly buying up the area so they can make a world headquarters there. IMHO if BFI would have never made the first move the area would still be a crap hole. Now because they did they will have to move out when U/A takes over. A victim of their own success. |
Originally Posted by f_inscreenname
(Post 4440420)
It's funny. These places started where they did because the area was cheap and undesirable. Then they make it something and then they get driven out becoming a victim of their own success.
If you build it they will come...and then move in and take over and drive you out. Just like BFI (the trash company) did in a section of waterfront in Baltimore. They built a new home office in an area that was so bad they closed the city maintenance garage that was there just a year before. After a couple years BFI expands, more business move in and another office park opens, etc, etc. Now the place is turning back into a ghost town because the city now sees it as a desirable area and waterfront to boot so taxes are going up and they are trying to move residents into the area causing property values to go up also. Now it just came to light that Under Armor has been secretly buying up the area so they can make a world headquarters there. IMHO if BFI would have never made the first move the area would still be a crap hole. Now because they did they will have to move out when U/A takes over. A victim of their own success. |
Originally Posted by f_inscreenname
(Post 4440420)
It's funny. These places started where they did because the area was cheap and undesirable. Then they make it something and then they get driven out becoming a victim of their own success.
If you build it they will come...and then move in and take over and drive you out. Just like BFI (the trash company) did in a section of waterfront in Baltimore. They built a new home office in an area that was so bad they closed the city maintenance garage that was there just a year before. After a couple years BFI expands, more business move in and another office park opens, etc, etc. Now the place is turning back into a ghost town because the city now sees it as a desirable area and waterfront to boot so taxes are going up and they are trying to move residents into the area causing property values to go up also. Now it just came to light that Under Armor has been secretly buying up the area so they can make a world headquarters there. IMHO if BFI would have never made the first move the area would still be a crap hole. Now because they did they will have to move out when U/A takes over. A victim of their own success. |
Originally Posted by partlowr
(Post 4440426)
Yes, but if BFi is making a killing essentially flipping their headquarters then why is it a bad thing? Why not cash out while values are high, find the next sh!thole community to build another new facility, have others follow you, bump up property values yet again, then cash out again in another 10 years? Sounds like a smart move if you ask me.
Just because your home goes up in value doesn't mean you want to move and cash out. A lot of us are happy just getting in cheap and being there. Some even depend on their location. Just like my neighborhood. It was once nothing but beach houses that people came to, to escape the city heat. Pretty much you could buy the whole area for nothing but then they put in a few major roads and then some of the people realized they could live here full time and a few years later you have everything from beach houses to mic-mansions. Even though everyone who has been here more than 15 years could cash out for big bucks they don’t because it’s their home and they are happy to be there even though if they did cash out they could have a much bigger home/property elsewhere. If I was the head of BFI I wouldn’t want to move either. I often thought they should have built a 20 story hotel on the site it is so nice view beyond the trash and blight that was there. If I worked there I could have taken my boat to work. It’s got to be a kick in the balls to move into an area like that. Doing all the work and taking the risk on the area and then be driven out because you made it to nice. |
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