Typical insurance scam.

The Clark apartments across the street were sold to the Chinese development company and they forced the closure of Jam Lounge.

Since Jam Lounge and the Grind shared the same clientele - there likely was a significant drop in patronage and the owner likely figured it was easiest to torch the place and collect on the proceeds.

But that block should be much easier for new development, so we all win. Except the insurance company.