The Sedgley Apartments, located at 400-3 S. 45th Street.

The Sedgley Apartments building, which has stood on the corner of S. 45^th and Pine Streets for more than 100 years and has been gutted in recent weeks, will be renovated to house “luxury” apartments, according to its new owners.

The Sedgley’s new owner, 400 S. 45^th Street LLC, which bought the property in February, plans a complete overhaul of the Romanesque-style building’s interior (the exterior will stay intact, save landscaping and window updates.) Work on the Sedgley, which was built circa 1900 when developers were looking for corner lots for high-density housing, has been left vacant for the last few years. Renovation should be finished by the fall.

The specs of the new apartments will sound familiar – hardwood floors, granite countertops, stainless steel appliances, central air, washer and dryers, and custom tile. The majority of the market-rate units will be two- and three-bedroom apartments, each with two baths, with some one bed/one bath options available.

“It’s a unique opportunity to convert a beautiful greystone building in a premier area and we want to make the most of it,” said 400 S. 45^th Street LLC principal Noah Ostroff.

– Annamarya Scaccia