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<p>Opened in 2008 Shanghai Asian Cuisine at 14A Elizabeth Street is calling it quits to Chinatown after a rent increase priced them out.   Long a favorite among locals with moderately priced Shanghainese items featuring juicy soup and pan-fried dumplings the rent increase will send them packing to new digs in the East Village. </p>
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<p>The commercial arcade where the restaurant is located has seen several higher end eateries recently most notably;;</p>
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<p>Japanese Omakase NAKAJI which features a $295 omakase sushi/sashimi set </p>
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<p>KONO which features a $175 chicken omakase set </p>
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