If you love Sullivan’s and/or Sully’s Side Bar, cancel your plans tonight.

A 44-story apartment tower is planned for 300 Colorado St. in downtown Austin where Sullivan's Steakhouse is currently located.

HANDOUT/GDA Architects

The downtown restaurant and bar is closing on Tuesday, according to Eater Austin. 

Developers announced the building will be replaced with a 31-story high-rise with an office tower and a new restaurant by Del Frisco’s Restaurant Group, which currently owns Sullivan’s.

?RELATED: Check out Austin’s best restaurants with the 2017 Austin360 Dining Guide

?Editor’s note: This story has been updated to reflect new development plans for the site.