30-unit residential new construction, zoned RM1.
A 30-unit residential building is set to rise at 525-33 N 41st St in University City & Powelton, the kind of by-right infill quietly reshaping the block. It was cleared to build in Nov 1, 2021.
The 11,742 sq ft site is zoned RM1, which supports a building on the order of 3 stories by right. Records show the parcel last traded in 2018 for $1.1M. The plans call for for the erection of an attached structure with a roof deck accessed by pilot houses with a green roof (must cover 60% of the roof) for a multi-family household living(30 dwelling units). building to be fully sprinklered. separate permits required for m.e.p.s work. separate approval required from pa labor and industry for elevator installation.
The owner of record is 525 41st Street LLC.
It isn't rising in isolation. Within a half-mile, 12 other major projects have broken ground since 2022 — roughly 271 units of new supply — including the 9-unit project at 675 N 41st St, the 8-unit project at 657 N Preston St, the 10-unit project at 644-46 N 40th 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 113 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 113 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.