The former Omelettry, which is on Burnet Road, is set to be demolished next week, the Austin Business Journal reports.
The new owner, Mid-City Development, said they are demolishing the structure, but didn't reveal what will go in its place. The real estate community predicts that the site will become a small condo or apartment community with less than 15 units. Mid-City Development has two other multifamily projects in Austin.
The Omelettry is set to open their new location at 4631 Airport Blvd by the end of May. All the old favorites will be back in the new location, including gingerbread pancakes, granola and of course omelettes.