6-unit residential new construction, zoned CMX3.
A 6-unit residential building is set to rise at 3114 N Broad St in Strawberry Mansion, the kind of by-right infill quietly reshaping the block. It was cleared to build in Nov 2, 2024.
The 1,658 sq ft site is zoned CMX3, which supports a building on the order of 3 stories by right. The parcel last changed hands in 2020. The plans call for for the erection of an attached structure used for six dwelling untis as per approved plans. building to be fully sprinklered per minimum nfpa 13r. separate permits required for mep & fp works.
The owner of record is Koinonia 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, 4 other major projects have broken ground since 2022 — roughly 138 units of new supply — including the 28-unit project at 3120 N Park Ave, the 40-unit project at 1510 W Allegheny Ave, the 43-unit project at 3249 N 16th St. 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 124 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 124 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.