PHILADELPHIA (CBS) — Groundbreaking on a future apartment complex has begun in Old City at the site of a former restaurant supply store known as “The National.”

Michael Hare, Executive Senior Vice President of the Buccini/Pollin group, says by next summer, this will be an apartment rental building.

“192 residential units. A mix of one-and-two-bedroom units and 2,000 square feet of retail,” he explained.

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Watch all of the speakers, including Michael Hare, The Bucinni/ Pollin Group’s Executive Vice President of Development,Mark Squilla, Councilman of District 1, Lynn Fieldman, Vice President of Construction and Labor Relations, AFL-CIO Investment Trust Corporation, Pat Eiding, President of Philadelphia Council, Fred Cosenza, Business Representative (Center City Philadelphia, Chester County, and Delaware County) for The Philadelphia Building Trades and Rob Buccini, Co-President of The Buccini/ Pollin Group below.