There is consistent proximity throughout the logotype. The negative space forming the "N" makes sense with the name because looking at the logotype engages the audience when locating the "N". I also think the logotype font works well bold.
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Named for an early civil association tasked with the dissemination of culture, the arts, and humanities, the El Ateneo restaurant’s menus reflect the restaurant’s mission—the dissemination of cuisine and culture—through contemporary Mexican design