55-unit residential new construction, zoned CMX4.
A 55-unit residential building is set to rise at 4014 Ludlow St in University City & Powelton, a mid-scale addition to one of the city's busier development corridors. It was cleared to build in Sep 14, 2020.
The 5,567 sq ft site is zoned CMX4, which supports a building on the order of 6 stories by right. The parcel last changed hands in 2022. The plans call for for the construction of a six story structure containing fifty-five (55) visitor accommodation units and (1) commercial unit. structure to be built on top of an existing foundation. see app #1046240 for foundation permit. for amendment approved on 6/21/2021: to amend permit# 1055970 to reflect layout changes on first floor and within units, as per approved plans. **no change in building use, height or area**.
The owner of record is 4014 Ludlow LP. 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 1,019 units of new supply — including the 95-unit project at 4050 Ludlow St, the 12-unit project at 4245 Sansom St, the 363-unit project at 3615 Chestnut 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 100 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 100 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.