100-unit residential new construction, zoned CMX4.
A 100-unit residential building is set to rise at 4400 Market St in University City & Powelton, one of the larger new-construction projects underway in Philadelphia this cycle. It was cleared to build in Dec 30, 2021.
The 10,410 sq ft site is zoned CMX4, which supports a building on the order of 11 stories by right. The parcel last changed hands in 2025. The plans call for new construction of a 11 story high-rise structure for use as shell commercial space (use registration & fit-out permits required prior to occupancy) and one hundred (100) dwelling units with accessory parking garage as per approved plans. building to be fully sprinklered per nfpa 13 and include standpipes per nfpa 14. *2018 ibc* **separate permits required for mep & fire suppression work** amendment approved 12/4/2024 amend new construction permit cp-2021-006236 for reduction in building height/size and number of dwelling units to eighty-four (84) units to include changes to all floor layouts and change to include horizontal building separation for type ia construction on basement, 1st & 2nd floors and type iiia above as per approved plans. amendment approved 9/7/2025 amend new construction permit cp-2021-006236 for changes to floor layouts and parking configuration including structural changes as per approved plans. .
The owner of record is 44th And Market 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, 8 other major projects have broken ground since 2022 — roughly 313 units of new supply — including the 13-unit project at 4401 Holden St, the 12-unit project at 4401 Holden St, the 8-unit project at 4401 Holden 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 110 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 110 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.