Despite brisk business, Yellowtail is bowing out of Sunset Strip to make way for another concept. Pushed into the departed Mirabelle space, the Akira Back restaurant featured dishes like lobster carpaccio, but with some trademark and brand issues with the Light Group's acquisition (by the borg-like Hakkasan group), the remaining interests plopped onto the Lore Group's hands. Remember that the original Yellowtail is still housed inside the Bellagio resort in Vegas.
In Yellowtail's place comes a complete transformation to a Mexican/Japanese fusion hotspot with a cocktail focus. These are the same folks who own nearby Pearl’s and Rock & Reilly’s, so the upbeat, heavier drinking feel makes sense.
No word on the landing for the new concept, but with Yellowtail apparently down for the count it’s likely that the turnaround will be swift. No sense in paying rent on an empty restaurant.