Abraxas Lounge on South Beach will close New Year's Eve

The hyperlocal, late-night bar Abraxas Lounge is closing after seven years of doing business in South Beach’s evolving South of Fifth neighborhood. A favorite for lounging with craft beers and board games will pour the last draft on New Year’s Eve. Owner/manager Diego Escobar posted a letter to customers on the bar’s Facebook page tonight saying that the building was recently sold and the new owners plan to build a boutique hotel.