ST. LOUIS (KSDK) - Construction will officially get underway Wednesday on a new downtown senior living center.

Over the next several months, the Plaza 50 building on Pine will undergo a $20 million renovation.

It's the first project to take advantage of a new tax credit redevelopment program being offered by the state.

When finished, CityParc at Pine will boast 149 apartments for seniors.

The development is slated to open next spring.