Spud Fish and Chips on Green Lake will be changing, but not moving.

The restaurant has been on Green Lake Way in Seattle for almost 60 years.

The restaurant confirmed the land has been sold to a developer for more than $ 3 million.

The Daily Journal of Commerce reports the buyers hope to build a 4-story building with 54 micro apartments and no parking spaces.

But Spud isn't closing. The restaurant would still operate out of the new building.