With Apple officially signed at Broadway's Tower Theatre, the family which owns the iconic movie palace has now turned its attention to redeveloping a historic office building next door.

The Delijani Family, which owns numerous properties throughout the Downtown area, is planning to convert the 1923 Lane Mortgage Building at 206-208 W. 8th Street into apartments.  The 12-story edifice, which will be rebranded as "The Lane Building," was designed by the local architect Lester Loy Smith and features historically significant tilework in its entry lobby by the artisan Ernest Batchelder.

Downtown-based architecture firm Omgivning has been tapped to design the adaptive reuse project, which will convert the building's upper floors into 109 rental apartments - some as small as 380 square feet in size.  The residential units will use "creatively deployed areas for seating and storage," and incorporate upscale fixtures, finishes, and detailing to show that "small areas and high quality are not incompatible," according to a design narrative by the architect.

Plans call for retaining and upgrading existing ground-floor retail space, as well as converting the building's basement level into a bar.  The Lane Building's rooftop will be activated with a landscaped deck with dining space, as well as new metal structures to extend three 1,100-square-foot penthouse unit with private outdoor access.

The development team is currently compiling construction documents for the project, and expect to complete work by Spring 2020.

Located at the intersection of 8th and Spring Streets, the Lane Building sits just south of two high-rise apartment towers from Holland Partner Group that are now wrapping up construction.