Today in sad news for patio lovers (read: all people with souls),Mascot Breweryis shutting down in Toronto's entertainment district to make way for (you guessed it!) a luxury condo and hotel development.

LikeMaison Mercerbefore it, Mascot Brewery is being booted from its current home byNobu Residences— a two tower, 49-storey,Robert De Niro-backedproject scheduled for completion in 2022.

Downstairs,Odd Thomasis in thesame boat.

This is IT Join us for our final outing this weekend with @stfdjs and @tribealexander to celebrate the last couple nights with us here at Odd Thomas! Hit the link in our bio for guest list because it's gonna' fill up FAST. Thank you, let's get odd ✌️

A post shared byOdd Thomas Bar(@oddthomasbar) onJun 26, 2018 at 12:42pm PDT

It's not all bad news, though.

Mascot says it will reopen down the road, sometime this fall, though it has yet to announce exactly when or where. The bar will also be hosting atwo-day-long rooftop bashthis weekend.

"Yes, this is the end for our 31 Mercer location, but not the end for Mascot Brewery," writes the popular hangout in its closure announcement. "Due to redevelopment on the Mercer block, we'll be relocating and shutting these doors at the end of this month."

When one door closes, another opens. Yes, this is the end for our 31 Mercer location, but not the end for Mascot Brewery. Due to redevelopment on the Mercer block, we'll be relocating and shutting these doors at the end of this month. We are stoked to announce our move which will allow us to keep growing and continue to push our limits. More info coming very soon! We want to thank everyone who has taken interest in us over the years and we cannot be more appreciative of your support. Whether you've made us part of your regular rotation when going out, came by for dinner, just stopped in for a drink, been a part of our events, or are big supporters of our beer, we see you and thank you. With that being said, this one's for you - we're throwing one last party this weekend up on the Beergarden and Odd Thomas! Join us this Friday and Saturday for one last dance with @stfdjs, @tribealexander, @djmkutz + more and be a part of this historical moment for Mascot! Once again, thank you. It’s been real ✌️

A post shared byMascot Brewery(@mascotbrewery) onJun 28, 2018 at 10:55am PDT

The post goes on to promise that more info is coming "very soon!" and to thank its many supporters.

"With that being said, this one's for you - we're throwing one last party this weekend up on the Beergarden and Odd Thomas!" writes Mascot Brewery.

"Bea part of this historical moment for Mascot! Once again, thank you. It's been real."