The cocktail lounge-restaurant went dark, per an EVG reader, in mid-May.
There's a Marshal's notice on the storefront, noting that the landlord is now in legal possession of the space just north of 12th Street... Google also lists Ace's as permanently closed.
Restaurateur Mike Dollaway, whose résumé includes management/ownership at several now-closed upscale spots, including Provocateur in the Meatpacking District and Lily Pond in East Hampton, was behind this neighborhood-ish bar concept that opened in the fall of 2022.
No. 197 was previously Black Emperor, which shut down in August 2020. Shoolbred's closed here in June 2017 after nearly 10 years in business. This address was also Jade Mountain, home of the great Chow Mein sign, until 2007.