Market Insights  /  Ogontz
Development Watch · Ogontz

6706 N Broad StCleared to build

13-unit mixed-use new construction, zoned CMX2.5.

A 13-unit mixed-use building is cleared to build at 6706 N Broad Street in Ogontz, where Philly Eats LLC—owner of the 3,520-square-foot lot since 2021—is moving forward with a four-story structure that pairs ground-floor commercial shell space with apartments above. The building will include mezzanines on the fourth floor, roof decks, and a basement, all under Type V-A wood-frame construction with full sprinklers and standpipes. The CMX2.5 zoning allows the density by right, and the developer is leaving the retail space as a vanilla shell for future fit-out.

The project stands out less for its scale than for its location: there are no comparable new residential projects within half a mile, making this a rare addition to a stretch of North Broad that has seen limited multifamily activity in recent years. Ogontz has long been underserved by new construction, and a 13-unit building with flexible ground-floor commercial on a modestly sized parcel suggests someone is betting on gradual, sustained demand rather than chasing a wave that doesn't yet exist here.

Philly Eats LLC—a name that hints at restaurant or hospitality roots—may be positioning the retail space for its own use or banking on the draw of Broad Street foot traffic to attract a commercial tenant down the line. Either way, the mixed-use format is a practical hedge in a neighborhood where purely residential plays remain uncommon. The building's approval in late 2023 gives the team a clear path forward, though no construction timeline has been made public.

If this project performs, it could nudge other owners along this section of Broad to reconsider their own underused lots, particularly those zoned for similar density. For now, 6706 North Broad is a test case—proof that at least one developer sees enough upside in Ogontz to commit capital to new ground-up construction in a corridor that has mostly been left to incremental rehab and retail churn.

📄 View the project's plan drawings (PDF)
Schematic massing — illustrative of the ~4-story by-right envelope, not the developer's design.
Units
13
Zoning
CMX2.5
By-right envelope
~4 stories
Lot
3,520 sq ft
Last sale
$225K · 2021
Cleared to build
Nov 28, 2023
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 40 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.

~120buildable units
████████ Street
RM1 · 0.45 mi away
Max bid to a builder $1.7M · Opportunity Score 96
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~143buildable units
████████ Street
CMX2.5 · 0.12 mi away
Max bid to a builder $2.2M · Opportunity Score 94
Unlock →
~97buildable units
████████ Street
RM1 · 0.49 mi away
Max bid to a builder $1.5M · Opportunity Score 94
Unlock →
~104buildable units
████████ Street
CMX2.5 · 0.11 mi away
Max bid to a builder $1.6M · Opportunity Score 92
Unlock →
~95buildable units
████████ Street
CMX2 · 0.08 mi away
Max bid to a builder $1.5M · Opportunity Score 91
Unlock →
Unlock the 40 nearby opportunities →
Progress

How this project is moving

In permitting ⚠ Status unclear — no recent activity
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.