One of the most popular restaurants in Red Bank has closed its doors, but there are plans in the works for the space.

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Red, a hot spot for dining and nightlife on Broad St., is closed. For now.

The second floor bar/nightclub will remain open on weekends, but the first floor restaurant/bar shut its doors last Saturday for renovations and a rebranding.

RedBankGreen reports the new restaurant will be open for lunch, brunch, and dinner, and is expected to be open in a few months. The menu will shift from being entree-based to featuring smaller, tapas-style plates, mostly under $20.

No word yet on what the new restaurant will be called.