Cicchetti, One of the Hottest Openings of 2013, Shuttering on Saturday

Well, here's a bit of a late-day shocker. Cicchetti, the lauded Italian restaurant in the Northwestern Hospital building in Streeterville that opened with triumvirate of acclaimed local chefs, is shuttering following service on Saturday night after less than 10 months in. Sopraffina, owner Dan Rosenthal's casual concept next door, is also closing—on Friday.

Although the restaurant seemed busy, Rosenthal's brief statement cites money as the reason. "We're tremendously proud and thankful for all that we were able to accomplish and for the accolades and support we've received from the Chicago dining community, but ultimately it came down to profitability at this location," Rosenthal says.

Cicchetti opened last December with Mike Sheerin (Trenchermen, Blackbird) as executive chef and Sarah Jordan (Boka, GT Fish & Oyster) and Phil Rubino (Spiaggia, Moderno) as co-sous chefs. The restaurant went on to garner numerous glowing reviews, including being named the best new restaurant in the Time Out Chicago eat out awards. Sheerin and Jordan left their posts last month, leaving Rubino to take over, but what bearing that had on the decision, if any, is unknown.

Sources say that Rosenthal informed staff of his decision late last week. His five other Sopraffinas will remain open. He was leasing the spaces and will vacate them altogether, so what will head to the building next is anyone's guess at this point.