According to a post dated Feb. 25 on the Piola New York Facebook page:
To our valued customers: the restaurant is undergoing reconstruction. The new restaurant will reopen in mid march in the same place. Thank you very much for your continued support, we are looking forward to seeing you soon!
The new place is now open... something called Ribalta, and its apparently the first U.S. branch of an Italian chain of sorts...
Grub Street had the place by the numbers on Friday: "[T]here are 90 seats, 25 different pizzas, three ovens (for three various styles), two highly decorated master pizzaioli ... and one on-premises pizza school, plus antipasti, pasta, and Stumptown-enhanced tiramisu for dessert."