Parasole Restaurant Holdings announced Sunday that, effectively immediately, Il Gatto restaurant in Uptown has closed.

The closing was prompted because "Il Gatto was unable to align the economics of operating the restaurant with the cost of occupying the premises," said Kip Clayton, vice president of marketing and business development for Parasole, in a press release.

Gift cards to Il Gatto will be honored at Parasole's other restaurants. For a complete list of its restaurants, go to www.parasole.com.

"We were very sorry to see it close," said Clayton, who noted that Parasole will try to relocate Il Gatto staff at its other restaurants and bars.