Sad. Just like the closing of Peppers. While Peppers was a cheap hole in the wall and Nick's was a very expensive, perhaps overpriced expense-account place, both had their place and were a part of the Loop landscape. And Nick's employed a lot of good people for a very long time. I personally never understood the arithmetic that supported lunch at Nick's, and it became harder to figure out how Nick's made sense once Melman, Rosebud, Morton's etc. moved into the Loop to compete for that money.
In addition to the Boca Nick's, there's one in Honolulu (or was). I always wondered if Nick's opened those outposts in spots where the owners travelled to broker relationships with fishermen. Probably not, but Nick's, like Bob Chinn's, were bringing in really good and unusual fish from afar long before it was commonplace.