The Wild Onion, something of a dining and drinking institution on St. Paul’s Grand Avenue for about two decades, will soon be no more.

The bar and eatery is being bought by the restaurant group that runs the Red Cow bar and restaurant on nearby Selby Avenue. The Wild Onion, owned by Jay Salmen, announced the sale in social media posts on Saturday.

“For some 20 years, we have had a lot of fun — provided great food, good drinks, entertainment and camaraderie. Sadly every run eventually comes to an end. The Wild Onion’s run is ending March 31, 2018,” a Facebook post read.

The space will reopen midsummer as a Red Rabbit bar and restaurant, according to a press release.

A Red Rabbit opened in late 2016 in the North Loop area of Minneapolis with a menu of pizzas and pastas along with a book of “social lubricants.”

The Red Rabbit concept puts “a creative spin on rustic Italian food.” Red Cow is known more as a “gourmet burger brand.”

The new Red Rabbit will be a “great addition to Grand Avenue,” the Wild Onion said in its announcement.

Luke Shimp, who owns the Red Cow and Red Rabbit restaurants, said in a statement that he plans to upgrade the old Wild Onion space with a wood-fire grill and a wood-fire pizza oven.

Otherwise, he noted, the establishment will remain much the same, with its popular patio and outdoor fireplace along with the sidewalk seating along Grand.

Patrons should expect “approachable but elevated dishes from wood-grilled oysters to cavatelli prepared with house-made Italian sausage to pizza topped with fresh burrata and basil,” a menu created by chef Todd Macdonald, according to a press release.

Shimp runs his restaurants with wife Tracy and his sons Michael and Peter.