86-unit residential new construction, zoned CMX1.
A 86-unit residential building is set to rise at 448 Rhawn St in Fox Chase & Lawncrest, a mid-scale addition to one of the city's busier development corridors. It was cleared to build in Dec 30, 2021.
The 33,559 sq ft site is zoned CMX1, which supports a building on the order of 4 stories by right. The parcel last changed hands in 2022. The plans call for for the erection of a semi-detached structure with two roof access structures for maintenance only and accessory parking for 34 vehicles (2 accessible) and 30 bicycles. for a total of 86 dwelling units. vacant commercial on the first floor (separate use registration and fit-out permits required prior to occupancy). building to be fully sprinklered. separate approval required for mep and fp work. separate approval required from pa l&i for elevator installation.
The owner of record is 448-456 Rhawn St LLC. The project's plan drawings are on file — worth a look for anyone underwriting the surrounding block.
For now it stands out on its block — there's little other major development within a half-mile, which makes the surrounding under-built parcels worth a closer look as this density arrives.
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 22 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 22 nearby opportunities →