30-unit residential new construction, zoned CMX2.
A 30-unit residential building is set to rise at 4415-23 Ludlow St in University City & Powelton, the kind of by-right infill quietly reshaping the block. It was cleared to build in Jan 30, 2020.
The 12,753 sq ft site is zoned CMX2, which supports a building on the order of 5 stories by right. The parcel last changed hands in 2019. The plans call for for the erection of an attached structure with green roof ( green roof must covered 60% of roof area) as per code section 14-602(7) for vacant commercial spaces on the 1st floor( use registration permit required prior to occupancy) with multi-family household living (30 dwelling units) from second floor through fifth floors. building to be fully sprinklered. separate permits required for meps work. separate permits required from pa l&i for elevator installation.see ap#1024576 for foundation work.
The owner of record is 4415 Ludlow 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, 9 other major projects have broken ground since 2022 — roughly 483 units of new supply — including the 145-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 106 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 106 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.