Market Insights  /  Graduate Hospital & Point Breeze
Development Watch · Graduate Hospital & Point Breeze

2201 Washington AveUnder construction

1-unit residential new construction, zoned I2.

A 1-unit residential building is set to rise at 2201 Washington Ave in Graduate Hospital & Point Breeze, the kind of by-right infill quietly reshaping the block. It was cleared to build in Dec 6, 2021.

The 10,136 sq ft site is zoned I2, which supports a building on the order of 3 stories by right. The parcel last changed hands in 2021. The plans call for for the installation of registers, diffusers, and appliances with associated ductwork for an multi-family dwellings. appliances to be installed in accordance with manufacturer's specifications. all work to be done per approved plans. if field conditions vary contact design engineer prior to the start of any work. separate permits to be obtained for all other work.

The owner of record is 2201 Washington Ave Ocf. 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, 1 other major projects have broken ground since 2022 — roughly 16 units of new supply — including the 16-unit project at 1111 S 24th 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
1
Zoning
I2
By-right envelope
~3 stories
Lot
10,136 sq ft
Last sale
2021
Cleared to build
Dec 6, 2021
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 71 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.

~285buildable units
████████ Street
ICMX · 0.39 mi away
Max bid to a builder $17M · Opportunity Score 100
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~285buildable units
████████ Street
ICMX · 0.38 mi away
Max bid to a builder $17M · Opportunity Score 100
Unlock →
~78buildable units
████████ Street
RM1 · 0.32 mi away
Max bid to a builder $4.5M · Opportunity Score 98
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~116buildable units
████████ Street
RM1 · 0.14 mi away
Max bid to a builder $6.6M · Opportunity Score 98
Unlock →
~43buildable units
████████ Street
RM1 · 0.48 mi away
Max bid to a builder $2.4M · Opportunity Score 98
Unlock →
Unlock the 71 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.

16u1111 S 24th St0.15 mi
Progress

How this project is moving

Final inspections & CO ~92% 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.