6-unit residential new construction, zoned RSA5.
A 6-unit residential building is set to rise at 708 N 43rd St in University City & Powelton, the kind of by-right infill quietly reshaping the block. It was cleared to build in May 20, 2024.
The 2,500 sq ft site is zoned RSA5, which supports a building on the order of 3 stories by right. Records show the parcel last traded in 2022 for $80K. The plans call for **amendment dated 5/5/2026 to modify direction of swing of exterior doors** **amendment dated 12/26/2024 to add interior ramp within entryway to maintain accessible route to ground floor units.** for the erection of a new, three (3) story attached structure, to be used as group r-2 (six (6) dwelling units; units a/b on ground floor to be type b units) throughout, as per plans; separate permits required for all mep/fsp work; building to be fully sprinklered throughout in accordance with nfpa 13r; if field conditions vary, contact design engineer prior to the start of any work; covered walkway or sidewalk closure shall be required within 8.25 feet of the building facade in accordance with section 3306 in the 2018 ibc (separate building and/or streets department permit required prior to start of any work); a site safety plan shall be submitted to the building inspector prior to the start of any construction; see zp-2022-011890 for zoning/use approval; see sr-2023-020920 for work within the public right-of-way; see sp-2024-000430 for excavation work; as per bbs variance mi-2024-001064, sprinkler heads shall be provided within the first-floor exit hallway.
The owner of record is Ose Investments LLC. The project's plan drawings are on file — worth a look for anyone underwriting the surrounding block.
It isn't rising in isolation. Within a half-mile, 12 other major projects have broken ground since 2022 — roughly 284 units of new supply — including the 20-unit project at 716 N 43rd St, the 9-unit project at 675 N 41st St, the 31-unit project at 4324 Lancaster Ave. That kind of concentration is exactly what pulls land values, and buyer attention, toward a block.
We'll update this page as the project progresses — leasing, retail tenants, renderings, and construction milestones as they surface. The relevant question for investors and agents: what are the surrounding parcels worth to a builder now that this is coming?
📄 View the project's plan drawings (PDF)As this density arrives, InvestPHL is tracking 90 under-built parcels within a half-mile that a developer could still acquire and build — each carrying a builder's max bid. Addresses and figures are members-only.
Unlock the 90 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.