Anne & I got to pop inside on Saturday for a sneak peek, and it's coming along quickly! The bar is installed, paint is going up on the walls, and the decorative lava and water displays are being fabricated. And there's boxes full of tiki mugs in the corner, just waiting to be unpacked and drank out of. ;)
The floorplan is very open and square-ish, which is quite a bit different from many of the other CFL restaurants, which are more long-and-narrow rectangle configurations.
The concept is going to include some cheaper food options for the neighborhood students with fancy fun drinks made with dry ice and such.
Sounds like they're still shooting for late August if everything comes together.