The Beneficial Building is a prominent historic anchor of the South Side neighborhood of Pittsburgh. The 22,000 square foot building stretches from East Carson Street to Bingham Street with two storefronts at 1505 and 1507 East Carson Street, and has an interior courtyard. Built in 1881 in the Italianate style, it features arched window openings with projecting lintels and brackets below its cornice.  

Over the years, neglect and inappropriate renovation decisions destroyed or impaired many historic and architectural details. The upper floors of the building were subject to excessive water damage and pigeon infestation when left exposed to the elements for years at a time. In 2004, South Side Local Development Company secured an option to purchase the building for $500,000. After TREK Development Group was selected to partner on the project, a joint public/private partnership (1505 East Carson Street LP) was established. The $4 million financing package was complex, and necessitated a total of 18 sources of funding. Restoration began in 2005 and occupancy of the retail, residential and office components began in 2008. Final occupancy of the last tenant space occurred in 2010.