My husband and I sidled up to the bar on a busy Friday evening and had fabulous (and large) martinis (the Blue Zen is delicious if you like coconut) and appetizers (veggie eggrolls are fried and split down the middle, veggie dumplings, and a la carte tempura that was better than Nobu's). We didn't even attempt to get into the club upstairs, mostly because it was fun (and free of cover) to watch everyone at the bar and in the lounge area. The bartender was fantastic and attentive, despite how crowded it was.
Pros: good people-watching, tasty bar food, creative drinks
Cons: expensive cover, long lines
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