933 Canal StDelivered

A 120-unit residential building is set to rise at 933 Canal St in Northern Liberties, one of the larger new-construction projects underway in Philadelphia this cycle. It was cleared to build in Sep 27, 2021.

The 33,095 sq ft site is zoned CMX3, which supports a building on the order of 3 stories by right. Records show the parcel last traded in 2021 for $7.8M. The plans call for new construction of a two (2) story structure (building 'f') for use as an amenity building serving other multi-family buildings on site as per approved plans. building to be fully sprinklered per nfpa 13. *2018 ibc* **separate permits required for mep & fire suppression work** amendment approved 12/10/23 amend new construction permit cp-2021-003842 for change of special inspections agency and changes to building layout as per approved plans. amendment approved 9/7/24 amend new construction permit cp-2021-003842 for changes to floor layouts as per approved plans. .

The owner of record is Gy Poplar E Development L P. 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, 10 other major projects have broken ground since 2022 — roughly 785 units of new supply — including the 78-unit project at 1000-10 N Delaware Ave, the 55-unit project at 828-40 N 2nd St, the 97-unit project at 500 N Christopher Columbus Blvd. 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?