Why it matters: The upscale restaurant is the latest in a string of both high-profile and neighborhood restaurant closures.

• On Sunday, popular arepa spot La Latina closed after 15 years.

State of plate: The restaurant group didn't disclose the reason for its closure.

• But some industry accounts suggest Bal Harbour's ongoing multimillion-dollar expansion and plans to pursue a development expansion under Florida's Live Local Act played a role in the restaurant's closure.