The restaurant’s new home is less than a mile from its original one.
Yelp reviews indicate Arada had been open since at least 2007.
Two other higher-end steakhouses, Morton’s The Steakhouse and Tony Roma’s, also have closed in recent months.
Rhode Island-based Upserve has an office at 999 18th St.
“I’ve spoken to the bars around here and they said the area needs some variety,” general manager Avi Jha said.
“This decision is based on rising costs and diminishing profits, and is one that we have considered for quite some time,” the eatery said on Facebook.
The brand still has locations in Englewood and along Santa Fe Drive.
And LGBT nightclub Tracks is spilling outside into “Rainbow Alley.”
“I’m just simplifying my life,” said Justin Brunson. “I really want to focus on River Bear.”
A sister location in Telluride, which preceded Denver, is still operating.