The site of storied South Philadelphia seafood house Snockey's is going from flounder to flats.

Developer V2 Properties LLC has begun work to convert the former restaurant property near Second Street and Washington Avenue into a seven-unit condominium building, company president Vincent Viney said in an interview Wednesday.

The project consists of three two-bedroom condos of 1,000 to 1,200 square feet each in Snockey's former three-story home at 1020 S. Second St., Viney said. Four more similarly sized units are planned in a four-story addition to the Snockey's building under construction behind the restaurant, facing Moyamensing Avenue.

Snockey's owners, Ken and Skip Snock, shuttered the restaurant and oyster bar for financial reasons in November 2015, more than a century after it was founded by their grandfather.

V2 paid $825,000 for the property in April 2016, according to records filed with the city. Viney said he aims to finish building the condo project by September.