LAKEWOOD, Colo. (CBS4)White Fence Farm will likely become housing. The iconic Lakewood restaurant was in business for 45 years before closing at the end of last year.

(credit: CBS)

READ MORE: No Charges For Colorado Man Who Sent Anonymous Letters, Pictures To School Board Members

Crescent Communities wants to develop an apartment complex at the property. It would have 260 units.

(credit: CBS)

READ MORE: Douglas County School Board Set To Consider Eliminating Mask Mandate For Students, Staff Tuesday

The historic barn would be kept on the property and possibly be used for a community clubhouse.

(credit: CBS)

MORE NEWS: Report Shows RTD Union Station Problems Festering For Years: 1/3 In Survey Feel Safety At Risk When Using RTD

The company hopes to break ground on the apartments later this year.