I drive past that intersection every day on my way to work. They've been in construction on a project immediately across the street for a couple months now :
www.luckiefoodlounge.com 350 seat restaurant, billiards, rooftop bar.
then, right across the street, about two weeks ago they hung a big black poster / tarp thing over the old "Philly Boys" shit hole restaurant that says "Aquarius: Coming soon"
that little area is about to be nice as hell. now if only the could shut down the homeless shelter that's one block away. that, by itself, is keeping that entire area stuck in the ghetto.