Built in 1912 by Bulgarian nationals Ivan, Mitsa, and Spyros Souroutzievits, this historic building has seen many transformations. It survived the great fire of 1917, which damaged its roof and the third floor but left the interior mostly intact. Over the years, it has housed insurance companies, consulates, and even served as residential apartments and a brothel before being abandoned in 2000.

Designed in an eclectic style, the building is defined by a distinct three-part elevation: a unified base, a rhythmic middle section, and a crowning top. Its spacious ground floor features large windows for commercial use, while upper floors are organized with a central corridor leading to rooms that originally served as offices. The flexible design, with large openings between rooms, allows for easy adaptation of spaces.

The proposed restoration aims to preserve the building’s historical character while adapting it for modern use. Key interventions will restore the façade, enhance energy efficiency, and bring the ground floor back to commercial life. The upper floors will be transformed into flexible spaces for offices or apartments. This restoration will honor the building’s rich history and ensure its continued relevance in the urban landscape.