BOULDER — Snarf’s Sandwiches’ flagship store on Boulder’s Pearl Street is closing later this month as construction begins on a luxury townhome development in that location.

The sandwich shop at 2128 Pearl St. opened in 2007 when Snarf’s original location, opened on Pearl Street in 1996, was also shuttered to make way for new residential development.

The 2128 Pearl St. store will close March 27. Snarf’s plans to reopen in a yet-to-be-determined location nearby.

“We’re heartbroken about losing our flagship shop on Pearl,” Snarf’s founder Jimmy Seidel said in a prepared statement. “We are working as hard as we can to get a replacement location in the downtown Boulder corridor, and we look forward to continuing to serve the community at the three remaining Boulder locations.”

A 17-unit townhome community called Pearl21 is being built on 2128 and adjacent parcels.

The first phase of the project, which includes 11 units, broke ground late last month and is expected to be complete by October, according to developer Element Properties.