Pros: Drinks and Decor
Cons: Expensive, very long wait times, inattentive and condescending staff.
Two of us went last Saturday evening to meet friends and the hostess told us the wait was 1 hour and 45 minutes. Our friends were already inside and came out to get us, but the hostess wasn't happy about it. We probably wouldn't have gotten in if our friends hadn't already racked up a large tab. Hostess said something about fire code only allowing 125 total people in the bar, which may or may not be true.
The cocktails are pricey, but pretty good. The decor and building are excellent.
Overall, expect to be treated like you're at the front door of an overrated Scottsdale club (all that's missing is the red rope), which is very a-typical for the downtown area and won't be put up with for long. Long unnecessary wait times and condescending staff also don't help. I won't be going back for a while until they crowds and hype die down and they start getting desperate for business.