MINNEAPOLIS (WCCO)An iconic Minneapolis bar, torn down last year to make way for apartments, will soon be reborn, albeit in a much smaller form.

Nye’s Polonaise Room in 2015 (credit: CBS)

Nye’s Polonaise Room opened on East Hennepin Avenue in 1951. Tony and Rob Jacob purchased the bar in 1999.

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They announced in late 2014 that they were closing the beloved bar in order to build the M on Hennepin apartment building. Nye’s served it’s last drink in early April of 2016.

Nye’s Piano Bar (credit: DLR Group)

The Jacobs announced Friday that “Nye’s Piano Bar,” located in the spot where the polka bar once stood, will open next Thursday at 4 p.m.

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The new Nye’s, operated by Hennepin Jakes Inc., is one-tenth the size of the old Nye’s, and will only offer cocktails, beer and wine.

Nye’s Piano Bar (credit: DLR Group)

“We have successfully retired the classic 66-year Nye’s Polonaise Room legacy in 2016,” said the Jacobs brothers in a written statement. “We are proud to start the New Nye’s Bar and serve our customer which remains 22 to 80 years old. All are welcome.”

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The new incarnation will also feature a sing-along piano bar, much like the one situated in the original Polonaise Room.