3709 N Broad StCleared to build

A 114-unit mixed-use building is set to rise at 3709 N Broad St in Nicetown & Tioga, one of the larger new-construction projects underway in Philadelphia this cycle. It was cleared to build in Dec 21, 2021.

The 38,522 sq ft site is zoned CMX4, which supports a building on the order of 6 stories by right. The parcel last changed hands in 2021. The plans call for for the erection of an attached structure. for a vacant commercial space at first floor ( use registration and fit-out permits required prior to occupancy) in the same building with multi-family household living( 113 dwelling units) with fourty-four(44) accessory surface parking spaces. building to be fully sprinklered. separate permits required for mep &fp work. separate approval required from pa l &i for elevator installation. amendment to demising wall, floor, and roof assemblies and minor revisions to the residential unit areas as well as the very minor revisions to the residential floor to floor heights as per approved plans.

The owner of record is 3709 North Broad 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, 2 other major projects have broken ground since 2022 — roughly 40 units of new supply — including the 30-unit project at 3725-37 Pulaski Ave, the 10-unit project at 1903 W Erie Ave. 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?