Two years after co-owner and chef Ian Gray opened The Gray House in Minneapolis’ Lyn-Lake neighborhood, he has decided to close the gastropub’s doors.

The restaurant will not renew its lease, which ends July 31, Dara Moskowitz Grumdahl, of Twin Cities Business sister publication Mpls.StPaul magazine, recently reported. Prior to The Gray House's 2012 opening, the space, located at 610 West Lake Street, was occupied by Italian restaurant Risotto.

The decision to close Gray House comes after Gray was divorced—and his ex-father-in-law was his major investor and now wants his money back, according to Moskowitz Grumdahl. But a new incarnation may be in the works for Northeast Minneapolis.

Gray’s sous chef Jessica Knettel and front-of-house manager Kiri Anderson are reportedly scouting a new space in the Northeast neighborhood and hope to transition much of The Gray House’s approach—locally sourced ingredients and craft beer, for example—to a new location.

In other local restaurant news, Parasole’s Uptown Cafeteria in the Calhoun Square complex is being transformed into Libertine, a new concept from James Beard Award-winning chef Tim McKee.