Moved up with important updateszzzzzzzzzzzz.... also here is a photo.
Sources say that downtown's Stella Caffe (beloved by Jen Graves, among others, for truly excellent espresso) is no more, and that the whole space will now be occupied by the Diller Room (beloved by me, among others, for old-timey greatness—though not by Strangerreader-reviewer shinjuko, who said in March that "It's full of douchebags all the time"—Belltown overflow, maybe?).
We've emailed proprietor Rob Wilson to find out what's up (and to tell him the Stella/Diller voicemail is full). If he gets in touch, I will ask him about the douchebag factor.
UPDATE! Trusty Chow intern Katherine Long spoke with Rob Wilson, who says Stella Caffe is indeed closed, the reason being to "financially right the ship." Wilson says, "The bar just took on a life of its own... I'm enormously grateful that it's doing so well, especially in this economy, but it still hurts me. I miss the ritual of Stella Caffe... but day and night just weren't meshing... The bar just works better."
But! He and his wife are looking to open a small cafe ("a window with 20 seats, like the old days in Sydney") in the Pike-Pine corridor. Also the Diller Room still serves espresso if you ask nicely, and they're continuing to sell coffee wholesale.
Regarding the douchebag factor at the Diller Room, Wilson says, "A lot of our coffee regulars come to the Diller Room... they plan events, and meet up... It just feels like a normal bar. Right now everything else feels like walking into Axis in Belltown... We re-did the wallpaper back to the original hotel wallpaper. It feels like you're back in the old hotel."
And: "There's a pronounced anti-douchebag crowd. Sometimes we get people up from Belltown who are like, 'Where's the valet parking,' and I'm like, 'No valet parking! Shut up and have your beers!'"