New apartments are taking shape on the hilltop in Fulton in the city’s East End.

Above, this photo offers a view of the $40 million development on the former Fulton Elementary School property that, until recently, had been used for artists’ studios. At left is the new Artisan Hill apartment building that will have 204 units and underground parking. At right is the former school building, now known as Fulton Hill Studios, that is being renovated into another 33 apartments.

In the center photo, a worker paints windows on the old school building last Saturday, while, in the bottom photo, another worker puts siding on the new Artisan Hill building on the same day. Location: 1000 Carlisle St.

One of the largest residential developments undertaken in the Fulton area, the apartments are expected to be completed this summer and are to include such amenities as a combination market-café, a rooftop deck, a 75-foot swimming pool, a small gym and a bicycle repair shop, according to the developer, Fulton Hill Properties.

The complex also will provide at least 15 artists’ studios in both buildings to continue the tradition.

The city contributed to the project to help ensure that 72 of the 237 units would carry reduced rents. At least 24 units are to be made available to people whose incomes are no more than 60 percent of the Richmond region’s median income and 48 units would be for people with incomes that are no more than 80 percent of the region’s median income.

The project is the latest for Margaret Freund, owner and chief executive officer of Fulton Hill Properties, which focuses on projects involving renovations of historic buildings.