16-unit residential new construction, zoned CMX2.
A 16-unit residential building is set to rise at 4200 Lancaster Ave in University City & Powelton, the kind of by-right infill quietly reshaping the block. It was cleared to build in Nov 15, 2021.
The 4,530 sq ft site is zoned CMX2, which supports a building on the order of 4 stories by right. The parcel last changed hands in 2021. The plans call for new construction of a four (4) story building with two private roof decks and pilot houses for use as shell commercial space (use registration & fit-out permits required prior to occupancy) and fifteen (15) dwelling units as per approved plans. building to be fully sprinklered and contain standpipes per nfpa 14. fire watch required per code bulletin f-2001 *2018 ibc review* **separate permits required for mep & fire suppression work** amendment approved 12/4/23 amend new construction permit cp-2021-005980 for change of dprc-si and special inspections agency as per approved documentation.
The owner of record is Pine Lancaster 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 146 units of new supply — including the 20-unit project at 716 N 43rd St, the 9-unit project at 675 N 41st St, the 10-unit project at 4129 Ogden 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 89 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 89 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.