The Velvet Underground, a beloved music venue in Toronto’s west end, is closing this fall.

The Queen Street West venue announced its closure in a social media post, saying its time has come after “many unforgettable years.”

“The lease term comes to an end at the end of October and the property will be returned to the owner for a new chapter,” the post reads.

The venue did not elaborate in its post on what this “new chapter” will look like for the west-end business.

“While we’re closing this door, we’re grateful for the countless nights filled with music and amazing energy that brought this space to life.”

The industrial club-turned-alternative music venue reopened its doors in February 2016 after conducting some renovations, holding a capacity of 355 people, making it an intimate concert hall for music lovers.

“To the fans, artists, staff, and community—thank you. You made this place more than a venue. You made it a home for memories we’ll never forget,” the post reads.

There are performances slated at The Velvet Underground up until Oct. 27 for concertgoers looking to catch an encore before the venue closes for good.

The closure of The Velvet Underground is the latest live music venue to shut down in Toronto, like Cold Tea Bar, The Phoenix Concert Theatre, the Hoxton and the Silver Dollar Room.