The 14 story building will be converted into 11 luxury apartments, which have had strong demand in Center City. The building will also have a gym and media center. There will be retail on the first floor, but it hasn't been determined what will go there. This building is one of about half a dozen projects on this stretch of Arch street that will add new retail, possibly making Arch street another restaurant row or major shopping street in Center City. Renovations will likely be complete some time next year.