The demise of Bella Rose is still lamented by South Beach locals who patronized the glam hole-in-the-Beach for the 16 months it was open. Not only was the scene fresh and unpretentious, but also the drinks were reasonable and there was no VIP crapola. While co-owner Keith Paciello has been in nightlife seemingly forever (yes, his brother is notorious club king Chris Paciello), business partner Alfred Spellman has an interesting pedigree as a producer of films such as Cocaine Cowboys and The U. Together, the handsome duo reinvigorated nightlife on the Beach with Bella Rose's anything-goes atmosphere. Celebrities such as Jared Leto, Josh Hartnett, Kirsten Dunst, Calvin Klein, and Mary-Kate Olsen made low-key, late-night appearances at the 1,500-square-foot space on 16th Street. And the weekly Black Sunday parties, featuring Alexis Mincolla and crew staging fake crimes, garnered a rabid following. (Admit it: You gleefully watched the jittery postmortem video every Monday morning.) Unfortunately, the economic downturn done in this after-hours joint. It's hard to make the rent when hipster patrons are drinking beer only between 2 and 5 a.m. Since Bella Rose closed last August, Spellman has returned to filmmaking (he's working on a TV version of Cocaine Cowboys with Michael Bay and Jerry Bruckheimer), while Paciello can be found smiling sardonically as he mans the door at RokBar. It's not all bad news, though: The best friends are looking for another space to resurrect the funky times.