A very highly sought after piece of real estate in downtown Grand Rapids has been sold, and developers plan to put in apartments and condos where a strip club once stood.

The Lady Godiva’s Showgirls on Market St. was sold Tuesday to Michigan-based Maplegrove Property Management, the sale was negotiated by Colliers International. The management company plans to build apartments, retail and office space, residential condos, and on-site parking in the new development which will expand the downtown Arena District further south.

The area has been developing with the expansion of Founder’s Brewing Company, Custer Office Solutions, and The Rapid terminal.

Construction on the site is expected to begin in 2016.

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