An announcement on the store's Instagram states that the South Garner Street location will close permanently at 7 p.m. on January 15.
Nicholas Feinstein, 22, was expected to graduate this spring with a degree in enterprise technology integration.
The panel, consisting of stakeholders from both schools, is expected to deliver draft recommendations by April 30.
The new smoothie joint will open under The Maxxen, which is located at 131 Hiester Street.
The alleged burglary happened between 11:02 and 11:22 p.m. on Monday, December 19, in the West Campus 2 construction site, according to the university.
"I am heartbroken for all who loved him. We have lost a true legend and friend."