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MIAMI (CBSMiami) – It is last call at a South Florida landmark lounge closing its doors Friday night for the last time after nearly 70 years in business.

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Fox’s Sherron Inn in South Miami is shutting down at 2:00 a.m.

Owner Rene Dahdah is razing the popular hangout located a few blocks south of Sunset Drive not far from UM to make way for a possible hotel or other new development, which may include apartments, retail and office space.

Fox’s is known for its dim lighting, strong drinks, and its soft red booths.

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Fox’s joins a long list of popular Miami late-night spots closed in the name of progress, including the 1800 Club off Biscayne Boulevard and downtown’s legendary Tobacco Road.

Hank and Betty Fox opened their humble saloon in 1946, naming it the Sherron Inn after their daughter. The Fox has only changed hands twice over the years.

In the 1960s, George Andrews bought the joint. Andrews sold to Dahdah in 2010.

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The bar opens at 11 a.m. Friday with the last and final call for alcohol coming around 2 a.m. Saturday.