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ATLANTA --Atlanta will have to say goodbye to the crocodile at Dante's Down the Hatch.

After 43 years, the landmark restaurant will close its doors at the end of July.

The deal has been in the works for months, but the Atlanta Business Chronicle published what will go in the famous restaurant's place --a new high-rise apartment building.

Developers plan to tear down Dante's and build the tower on more than 2-acres of land in Buckhead. The buyers reportedly paid more than 8-million dollars for its prime location.

Dante's is right on Peachtree Street, surrounded by some of the city's tallest office and hotel towers. The restaurant's owner, Dante Stephenson, says he's not quite ready to let go.

"This place is my wife, the staff are my children, so the reality of closing is not a pleasant thought. Literally, I'm losing my wife and my kids," he said.

"We had no intention of selling," Stephenson added. "I might build another place, I'm out looking, I haven't given up totally."

Dante reportedly agreed to sell it after the property taxes got too high. The restaurant officially closes July 30.