CORAL SPRINGS, FL – After more than 20 years at The Walk on University Drive, Barnes & Noble is closing Saturday – and it’s not clear what will happen to the store’s location in Coral Springs.

A sign at the Barnes & Noble confirmed that the store is closing and thanked customers for their support during the past 24 years. The sign said: “This building is being redeveloped and our goal is to return with a new Barnes & Noble later this year.”

Where the store will “return” to – if it will be at the same location – couldn’t be determined on Wednesday.

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The property at 2790 North University Drive has been approved by Coral Springs to be converted into two tenant locations. What businesses will go into those two locations hasn’t been disclosed.

“Barnes & Noble is in active negotiations with the landlord to try and remain at the property,” said company spokesman Alex Ortolani.

A representative for Amera Corporation, the property’s landlord, didn’t return requests for comment.

Coral Springs officials and business leaders also remain hopeful that once the property is redeveloped, Barnes & Noble will reopen again but as a smaller store.

“Any project allowing us to retain an existing business and bring in a new business is positive,” said Kristi Bartlett, director of economic development for Coral Springs. “It’ll be good for the city.”

Barnes & Noble has been reducing the number of its stores and employees across the nation for years. The company is now experimenting with opening smaller stores with cafes in response to declining revenues.

The sign at the Coral Springs store encouraged customers to email Barnes & Noble in order to keep the store at its location after the redevelopment project is complete. The email on the sign to contact the company is: mybarnesandnoble@bn.com