8-unit residential new construction, zoned I2.
A 8-unit residential building is set to rise at 2413 Federal St in Graduate Hospital & Point Breeze, the kind of by-right infill quietly reshaping the block. It was cleared to build in Jul 16, 2019.
The 13,658 sq ft site is zoned I2, 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 an attached structure with roof deck accessed by exterior wells for a multi-family household living ((3) dwelling units ) from cellar thru fourth floors with fourteen(14) accessory parking spaces including with one(1) accessible spaces from the shear driveway with ten(10) bicycle spaces in an accessible route inside the structure.building to be fully sprinklered. separate permits required for m.e.p.s work.see ap#962185 for approved plan. *ibc2009*.
The owner of record is Spanish Capital Investment 6, LLC.
It isn't rising in isolation. Within a half-mile, 2 other major projects have broken ground since 2022 — roughly 25 units of new supply — including the 16-unit project at 1111 S 24th St, the 9-unit project at 2732 Manton 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?
As this density arrives, InvestPHL is tracking 54 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 54 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.