Dr. Joe’s New Intra-Coastal-Inspired Eau Gallie Nightclub Arrives on “Shark Batch”
Y-COM President Steve Young purchased Eau Gallie’s “shark lot” for $860,000 as the site of a future Dr. Joe’s Intra-Coastal-inspired bar-restaurant.
A developer plans to buy Dr. Joe’s long-abandoned Intra-Coastal building in downtown Eau Gallie and remodel the ground floor, likely as a bar concept.
Larry Jarnes, founder of Relentless Private Equity Group, said the building at 531 W. Eau Gallie Blvd. under contract on Monday. He declined to reveal the purchase price.
“As you talk to people, you hear how much value and great memories they have in that building and the bar there,” Jarnes said.
“We’d like to kind of create something that could stay a bit old-fashioned and have a unique story – and keep and polish that mural of sharks,” he said.
Dr. Joe’s Intra-Coastal was a popular three-level Eau Gallie nightclub featuring food, music, and a rooftop terrace. But the decaying wood-frame building, which dates to 1927, was destroyed by hurricanes Frances and Jeanne in 2004.
Today, the Brevard County Real Estate Appraiser’s Office website lists the vacant structure as “not suitable for occupancy.”
A Sotheby’s International had listed the building for $415,000 as is.
“It’s not in great shape. But I think if we kept everything on the first floor and found a way to consolidate it and keep what’s there, we could create something really unique with it,” Jarnes said.
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In 2015, Los Angeles-based artist Shark Toof painted the eye-catching red shark mural, resembling “Jaws”, on the east wall of the shuttered building, facing the Eau Gallie causeway.
Shark Toof’s mural headlined Eau Gallie Art District’s “Paint the Town II” mural campaign, which also added outdoor artwork to four other buildings on Highland and Guava Avenues. .
Jarnes said the aging shark mural needed an artistic “refresh” before its seventh year.
Dr. Joe’s Intra-Coastal served as the inspiration for Pineapples, the popular three-story restaurant-entertainment that opened in April.
Y-COM chairman Steve Young paid $860,000 in 2019 to buy the 0.9-acre public dirt and gravel parking lot – which EGAD officials had promoted as “the shark lot”. He then built Pineapples there.
“It was a really unique place. It had three levels,” Young said of Dr. Joe’s Intra-Coastal during a FLORIDA TODAY 2019 interview. kind of an Irish bar, lots of fresh wood and everything.On the second level they had a band playing.
“The upper deck was open air, sunny. Even at night it went dark. Just a great little loft up there,” Young said.
Jarnes is also president and CEO of Northboro Builders, which is building a seven- or eight-story, 160-room hotel alongside a public-private parking lot with about 500 spaces at the Foosaner Art site. Museum on Highland Ave.
Northboro Builders purchased the now closed Foosaner and Renee Foosaner Education Center near the Florida Institute of Technology in July for $2.95 million.
Jarnes is working on a request for economic incentives from Melbourne Town Hall, and a revised parking-garage agreement between Melbourne City Council and the Brevard County Commission could be approved by March, the development manager has said. Doug Dombroski on the board of directors of the Eau Gallie Community Redevelopment Agency on January 28. 13.
Jarnes called the planning for the hotel project a “monstrous undertaking”.