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Modernisme announced today that it will close after Nov. 21.

The announcement was made via email in a message to patrons of the gallery, which has since 2006 built a reputation as a forum for local contemporary artists who have had difficulty gaining entrée to commercial space in downtown galleries.

The reason for the closure was financial, said co-owner Kristy Cifuentes, during an interview Saturday.

Since April, business has slowed considerably, she said, because of the downturn in the national economy. Businesses in the Avondale area did not grow as quickly as she expected. Some, such as the Uni Bar, have even been shuttered. With a baby on the way, Cifuentes and her husband, Eddie, decided that closing was the right move.

“It was an extremely difficult decision,” Cifuentes said. “This gallery has been the love of my life. Only now can I talk about it without crying.”

The lease for the building, located in Avondale, will be turned over to a new business after Nov. 21. Resident artists have been placed in other galleries. The current exhibit, by painter Nathen Durfee, will be the last.

In the email message, Cifuentes said she hoped to open a new downtown gallery in the future. In the interview, she said she did not know when that would be.