1240 Pub Asie, a self-described 'Oriental style pub' and karaoke bar, is now open downtown at 1240 Crescent. The izakaya-ish restaurant from principal Jie Du sports a hodgepodge, pan-Asian menu that serves up the likes of ramen, bibimbap, takoyaki, sashimi, chicken burgers, potato salad, and, curiously, $1 lobsters. This dish, below, is described as "lobster salad and lobster sushi and sashimi stuffed with lobster mashed potatoes, served with dry seaweed."
1240 also doubles as a karaoke bar, with private rooms available to rent by the hour, and happy hour specials. Probably safe to assume that the restaurant will try to turn a profit from alcohol sales, and not lobsters.
Update, September 29: Though technically open, 1240 will throw a launch party on October 9, with a $1 food menu, $2 beers, and $500 cash coupon raffles. More details here.
Status: 1240 Pub Asie, 1240 Crescent, (514) 564-1188, now open Monday to Sunday as of 3:00 p.m. until late.