I'm also sad about Wave, not only because I loved their decor/ambiance (so warm and cozy) but...I discovered their Street Noodles with Beef. OMG...sublime!!
It's also sad because of what this means for the nabe as a whole....yet another small business being forced out due to greed, with little care for how it all changes the character of the neighborhood. I fault the local politicians who are allowing this to happen completely unchecked. Everywhere I turn I see new empty lots being built-up, often with ugly new buildings. Or houses on side streets being sold, and then 'built-up' with additional floors ....you know, so the new owners can make maximum profit with multiple rental units. It's all quite disgusting, as it's all about pure greed.
And then how will our subways handle all the extra people moving here? And then the long-term residents will be complaining about where to park their multiple cars (they can't park their SUVs in their own garages of course, because their garages are full of junk). Sigh.