Market Insights  /  Brewerytown & Sharswood
Development Watch · Brewerytown & Sharswood

3117 Master StUnder construction

20-unit residential new construction, zoned RMX2.

A four-story, 20-unit residential building is under construction at 3117 Master Street in Brewerytown, adding another mid-density piece to a corridor that's seen steady infill over the past few years. The project, owned by Resistance LLC, will include a mezzanine level, common and private roof decks, and an accessory parking garage on a 7,468-square-foot lot. The building is cleared to build under RMX2 zoning, which allows for exactly this kind of by-right multifamily development without requiring zoning variances or special approvals.

Resistance LLC picked up the site in 2022, and the timing lines up with a broader wave of small-to-midsize multifamily projects in Brewerytown and adjacent Sharswood. The nearest comparable development is a 27-unit building at 2625 Jefferson Street, which accounts for all the nearby pipeline activity within a half-mile radius. That thin project count suggests the neighborhood is still in an early phase of redevelopment rather than experiencing the kind of saturated building boom seen in Fishtown or Point Breeze a few years back.

The Master Street project's modest scale—20 units spread across four stories plus a mezzanine—reflects the reality of working with smaller parcels in a neighborhood where land assembly remains difficult and values haven't yet justified taller construction. The inclusion of parking is a practical nod to a market that still skews toward car ownership, even as the neighborhood's proximity to Fairmount Park and improving transit connections make it more appealing to renters willing to go car-light.

As this building and the Jefferson Street project deliver, they'll set a baseline for what similar underused parcels along the Master and nearby corridors might support. Brewerytown has plenty of vacant and underimproved lots, and successful lease-up of these mid-density projects will likely determine whether other owners and developers see enough demand to justify similar investments in the near term.

📄 View the project's plan drawings (PDF)
Schematic massing — illustrative of the ~4-story by-right envelope, not the developer's design.
Units
20
Zoning
RMX2
By-right envelope
~4 stories
Lot
7,468 sq ft
Last sale
$1.0M · 2022
Cleared to build
May 22, 2026
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 4 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.

~20buildable units
████████ Street
CMX2.5 · 0.41 mi away
Max bid to a builder $877K · Opportunity Score 59
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~3buildable units
████████ Street
RM1 · 0.21 mi away
Max bid to a builder $87K · Opportunity Score 21
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~6buildable units
████████ Street
CMX2 · 0.45 mi away
Max bid to a builder $270K · Opportunity Score 13
Unlock →
~5buildable units
████████ Street
ICMX · 0.46 mi away
Max bid to a builder $203K · Opportunity Score 7
Unlock →
Unlock the 4 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.

27u2625 Jefferson St0.41 mi
Progress

How this project is moving

Site work ~34% 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.