16-unit residential new construction, zoned CMX2.
A 16-unit residential building is set to rise at 3729 Lancaster Ave in University City & Powelton, the kind of by-right infill quietly reshaping the block. It was cleared to build in Aug 3, 2021.
The 5,070 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 for the erection of an attached structure with roof deck and roof decks access structure. for a vacant commercial space (separate use registration required prior to occupancy) at the ground floor and multi-family household living for sixteen(16) dwelling units. also to provide six(6) bicycle stalls. building to be fully sprinklered. separate permits required for m.e.p.s work. separate approval required from pa l&i for elevator installation. amend permit to change special inspections agency from simt to geostructures. amendment to the foundation design, storefront and floor layout as per approved revised plans. amendment to the floor layout and structural design as per approved revised plans. and removal of the sprayed fire resistant material from special inspection.
The owner of record is Rass Properties 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 988 units of new supply — including the 62-unit project at 3620 Haverford Ave, the 15-unit project at 3401 Hamilton St, the 16-unit project at 3618 Wallace 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 58 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 58 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.