It's being remodeled for an eat-in and sit-down South Philly-style Italian restaurant. Both the old Beato's and the house next door to it on 25th are part of the project - they've opened up the adjoining wall to make the space larger. Looks like they're doing a nice job on the details, so it should be a considerable improvement over the old place.

It was supposedly due to open this month, but I guess that's been pushed back.