Market Insights  /  Old City & Society Hill
Development Watch · Old City & Society Hill

214 Vine StDelivered

29-unit residential new construction, zoned CMX3.

A 29-unit residential building is set to rise at 214 Vine St in Old City & Society Hill, the kind of by-right infill quietly reshaping the block. It was cleared to build in Mar 17, 2021.

The 5,287 sq ft site is zoned CMX3, which supports a building on the order of 6 stories by right. Records show the parcel last traded in 2025 for $9.4M. The plans call for for the erection of a six (6) story attached structure to include underpinning as per approved plans. for use as twenty nine (29) dwelling units. structure to be fully sprinklered in accordance with nfpa 13 minimum. **separate permits required for mep and fire suppression work.** **2018 ibc** amendment approved 5/28/21 to revise shoring plans to match structural drawings. amendment approved 8/23/21 to revise shoring, add elevator machine room, and modify foundation. amendment approved 4/28/22 to reduce roof deck, structural changes, layout changes. amendment approved 8/5/22 to change dprc.

The owner of record is 214 Vine Street 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, 7 other major projects have broken ground since 2022 — roughly 411 units of new supply — including the 35-unit project at 208-12 Vine St, the 85-unit project at 230-36 Vine St, the 11-unit project at 225 Quarry 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 ~6-story by-right envelope, not the developer's design.
Units
29
Zoning
CMX3
By-right envelope
~6 stories
Lot
5,287 sq ft
Last sale
$9.4M · 2025
Cleared to build
Mar 17, 2021
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 52 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.

~328buildable units
████████ Street
CMX4 · 0.26 mi away
Max bid to a builder $23M · Opportunity Score 100
Unlock →
~65buildable units
████████ Street
CMX2 · 0.42 mi away
Max bid to a builder $4.4M · Opportunity Score 100
Unlock →
~112buildable units
████████ Street
CMX3 · 0.45 mi away
Max bid to a builder $7.7M · Opportunity Score 100
Unlock →
~58buildable units
████████ Street
CMX3 · 0.21 mi away
Max bid to a builder $4.0M · Opportunity Score 100
Unlock →
~80buildable units
████████ Street
CMX3 · 0.46 mi away
Max bid to a builder $5.5M · Opportunity Score 99
Unlock →
Unlock the 52 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.

35u208-12 Vine St0.01 mi
85u230-36 Vine St0.03 mi
11u225 Quarry St0.15 mi
34u322-40 Race St0.19 mi
75u416-24 Vine St0.20 mi
74u502 Wood St0.26 mi
97u500 N Christopher Columbus Blvd0.38 mi
Progress

How this project is moving

Cleared for occupancy ~100% 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.