Market Insights  /  University City & Powelton
Development Watch · University City & Powelton

3618 Aspen StCleared to build

4-unit residential new construction, zoned RSA3.

A 4-unit residential building is set to rise at 3618 Aspen St in University City & Powelton, the kind of by-right infill quietly reshaping the block. It was cleared to build in Jul 15, 2026.

The 1,600 sq ft site is zoned RSA3, which supports a building on the order of 3 stories by right. The parcel last changed hands in 2024. The plans call for for the new construction of a three-story wood-frame semi-detached structure on reinforced concrete footings/foundations with two (2) roof decks for the upper level units .for use as a multi-family household living for four (4) dwelling units throughout. building shall be fully sprinklered per nfpa 13.** separate permits required for all mechanical, electrical, plumbing, and fire suppression systems. **protection of right-of-way / pedestrians / adjacent properties required during all construction.**energy code compliance in accordance with 2018 iecc. prior to issuance of c.o submittal of air barrier checklist and envelope testing certificate is required. both to be completed by an approved party.

The owner of record is Future Of Mantua 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 346 units of new supply — including the 32-unit project at 3750 Brown St, the 40-unit project at 3701 Brown St, the 19-unit project at 723 N 35th 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)
Schematic massing — illustrative of the ~3-story by-right envelope, not the developer's design.
Units
4
Zoning
RSA3
By-right envelope
~3 stories
Lot
1,600 sq ft
Last sale
2024
Cleared to build
Jul 15, 2026
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 45 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.

~145buildable units
████████ Street
RM1 · 0.30 mi away
Max bid to a builder $2.1M · Opportunity Score 96
Unlock →
~37buildable units
████████ Street
CMX2 · 0.38 mi away
Max bid to a builder $572K · Opportunity Score 74
Unlock →
~31buildable units
████████ Street
CMX2 · 0.20 mi away
Max bid to a builder $402K · Opportunity Score 71
Unlock →
~20buildable units
████████ Street
RM1 · 0.44 mi away
Max bid to a builder $156K · Opportunity Score 69
Unlock →
~13buildable units
████████ Street
RM1 · 0.38 mi away
Max bid to a builder $186K · Opportunity Score 57
Unlock →
Unlock the 45 nearby opportunities →
The block

What else is rising nearby

Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.

32u3750 Brown St0.11 mi
40u3701 Brown St0.12 mi
19u723 N 35th St0.15 mi
16u3618 Wallace St0.16 mi
16u3618 Wallace St0.16 mi
12u3900 Aspen St0.23 mi
62u3620 Haverford Ave0.24 mi
90u3314-20 Fairmount Ave0.25 mi
Progress

How this project is moving

In permitting ~18% complete
Estimated from the construction permit sequence — an approximation of stage, not a precise schedule.
Every logged milestone appears here — highlighted ones are the headline stages; the rest track interim construction activity. Checked daily.
Compiled by InvestPHL. Unit counts, scope, and ownership are as recorded and subject to revision; the massing figure is a schematic illustration of the by-right envelope, not the developer's design or a marketing rendering. Verify zoning, status, and title with counsel before acting. InvestPHL does not list, market, or represent any property, buyer, or seller.