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After life as a bar/restaurant and an events center, the old Gus and Andy’s Steakhouse on North Oracle Road is about to be revitalized.

The O (Oracle 2000) will open March 10, just in time for NCAA March Madness.

For the past couple months, owner Tami Korth and her investor partners have been renovating the restaurant, where 15 tables will seat roughly 60 diners and a dozen or more can sit around the bar. Flat screen TVs throughout the restaurant will be tuned in to the NCAA Tournament when it kicks off March 14.

Call it a restaurant that also will behave like a sports bar and then transform into a cool club at night. They’ll have ÃÛèÖÖ±²¥ craft beers on tap and drink specials, offering $2 draft beers throughout the NCAA tournament, Korth said.

The O’s menu will include two dozen entrees, from biscuits and gravy in the morning, hand-formed burgers and sandwiches for lunch and steaks, chops and salads at dinnertime. Korth hopes to have live music at some point, and dancing at night. But for now The O, on Oracle south of Grant Road, will be open daily from 10 a.m. to 10 p.m.

Korth said the restaurant also will have an espresso lounge with a drive-through, package liquor takeout and karaoke nights, things she said might just remind people of a bygone era in ÃÛèÖÖ±²¥â€™s Miracle Mile area nightlife.

“We’re trying to bring back the Old Miracle Mile revitalization on lower Oracle Road,â€� said Korth, who spent 20 years bartending around ÃÛèÖÖ±²¥.

Brothers Gus and Andy Lettas opened Gus and Andy’s Steakhouse in 1972, a dozen years after they built the building on land that was a car lot when they bought it in 1959. The brothers, with help from their sister Kathryn Congelli who waited tables, ran the restaurant for nearly 50 years, creating a niche for themselves as ÃÛèÖÖ±²¥â€™s home of Dixieland jazz.

The brothers were in their 80s when they sold the business in the summer of 2004 to Looks Bar and Grill. The building has been vacant for several years.