RENOVATION UPDATE: You know, that building where Walgreen's and SS Kresge used to be (302 Pearl Street).

August 12.

August 12.

The awnings are the most recent addition. Judging from what can be viewed from the street, there'll be at least three commercial suites on the ground level, and (I'm told) four or five apartments upstairs.

July 2.

May 1.

Amazing.

July 1: The quickening pace of exterior transformation at 302 Pearl Street.

May 26: Renovation escalates at the former Walgreen's and Kresge at 302 Pearl.

By the way, if anyone sees a city official, this pedestrian crossing push-button across the street from Matt Chalfan't latest work-in-progress is kaput.

#GahanSafe: All the push-button "walk" signals for crossing Spring at Pearl are defective, and have been for five months to a year.

The quickening pace of exterior transformation at 302 Pearl Street.

A little over a month ago, we glanced in the direction of Matt Chalfant's renovation project at 302 Pearl Street -- the former Walgreen's corner.

Renovation escalates at the former Walgreen's and Kresge at 302 Pearl.

It has been fascinating to watch as the work proceeds, so yesterday I snapped a few "update" photos.

Renovation escalates at the former Walgreen's and Kresge at 302 Pearl.

Matt Chalfant's firm is renovating the building at 302 Pearl Street, and while I've no idea what it will become, we know what it used to be -- rather of a theme this week, given that somewhere around 10 buildings are being renovated within a square blocks downtown.

We turn to the folks at historic preservation:

S. S. Kresge Building
302 Pearl Street
New Albany, IN 47150

Category: Neoclassical

Year Built: 1930

This Neoclassical style building was built in 1930, replacing a three-story 1865 structure that was torn down to make way for this structure.

Seven years after it was built, it got very wet (photos courtesy of the online.com/">Indiana Room at the library).

In the preceding photos, you'll notice the street-level windows on the Market Street side. Now see what's happening in 2016.

Many of us remember the period when Walgreen's operated here. What you may not know is that the national S. S. Kresge five-and-dime chain was the forerunner of what eventually became K-Mart.

We can only imagine how the value of Chalfant's investment would be enhanced, rather than suppressed, by two-way a traffic on Pearl and Market.