Retail space and 41 new apartments will be constructed with the redevelopment of a building on North Broad Street between Spring Garden and Fairmount streets.
The structure has served many different uses in its history, most recently functioning as the Calderwood Gallery before being sold in 2015 for $2.5 million.
The building, which was constructed in 1867, is being redeveloped by North Broad Living Management, according to Bis Now Philadelphia.
Companies such as GSK and Philadelphia Newspapers and other redevelopment projects are revitalizing North Broad Street, and mixed-use spaces such as Schuylkill Yards are in the works throughout the region, accelerating collaboration and growth in Greater Philadelphia.
Photo Credit: Bis Now Philadelphia