A new apartment building will break ground at 4050 Haverford Avenue on Tuesday, Feb. 9. The project, called 4050 Apartments, will provide affordable housing for low-income artists, a group that is an essential part of the Lower Lancaster identity.

The 24,350-square-feet building replaces a large vacant lot in a highly visible area, just off of the intersection of 40th Street, Lancaster Avenue, and Haverford Avenue. The project will consist of a new three-story building with 20 living units and a shared exhibition and workshop space for artists. The apartments will have one- two- and three-bedroom layouts.

A community room on the ground floor will be open to all residents and will offer arts and educational programming open to the public.

The $7.2 million project is being carried out by the PEC Community Development Corporation, which has been building affordable housing in Philadelphia’s Promise Zone area for more than 20 years.

Community members are invited to the groundbreaking ceremony on Tuesday at 11 a.m. Please check the event’s Facebook page for updates.