31-unit residential new construction, zoned CMX2.
A 31-unit residential building is set to rise at 1701 Federal St in Graduate Hospital & Point Breeze, the kind of by-right infill quietly reshaping the block. It was cleared to build in Dec 17, 2021.
The 7,367 sq ft site is zoned CMX2, which supports a building on the order of 4 stories by right. The parcel last changed hands in 2021. The plans call for new construction of a four (4) story, thirty (30) dwelling units and vacant commercial spaces with roof deck and roof deck access structures as per approved plans. building to be fully sprinklered per nfpa 13. separate permits required for mep & fire suppression work. *2018 ibc review* amendment 5/30/23 to include layout changes and subsequent structural work. .
The owner of record is 17th Street Equity 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, 2 other major projects have broken ground since 2022 — roughly 19 units of new supply — including the 9-unit project at 757 S 15th St, the 10-unit project at 1116 S 12th 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 69 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 69 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.