Ted's Montana Grill is closing one of its two Lexington locations.

The Summit at Fritz Farm announced the restaurant's location in the shopping center will close this week.

The restaurant, founded by media mogul Ted Turner, opened in the spring of 2017. The restaurant's Hamburg location will remain open.

“On Feb. 28, Ted’s Montana Grill at The Summit at Fritz Farm will close. We are evaluating options for the space based on market demand and look forward to welcoming another inspired brand to our bespoke retail collection," a statement from The Summit at Fritz Farm's parent company Bayer Properties said.

This is the first restaurant to close at the new Lexington shopping center.

Stephen Swisher, president and founder of Advanced Restaurant Consultants, said that restaurants competing for business could be the reason why some of them close.

He explained that in Lexington, where there are nearly 1,300 restaurants, competition is steep.

"Within New Circle Road, there are about 127,00 people. That's not actually a lot of people when you consider how many restaurants there are inside of New Circle. They actually have to divide that up."

Although competition puts pressure on restaurants, Swisher said this competition is good for the customer.

"It's going to make sure that whenever you choose to open a restaurant, you better be on your game, because all the restaurants are going to be awesome, everybody's options are going to be awesome, and you have to be awesome as a result."