Market Insights  /  Old City & Society Hill
Development Watch · Old City & Society Hill

229 Arch StDelivered

21-unit residential new construction, zoned CMX3.

A 21-unit residential building is set to rise at 229 Arch St in Old City & Society Hill, the kind of by-right infill quietly reshaping the block. It was cleared to build in Dec 21, 2020.

The 28,519 sq ft site is zoned CMX3, which supports a building on the order of 4 stories by right. The parcel last changed hands in 2012. The plans call for for the erection of a three (3) story addition over existing parking lot with existing parking lot to remain. new ada ramp at existing entrance. new low brick wall with wrought iron fencing at street level to screen parking and trash areas as per approved plans. for existing visitor accommodation and multi-family household living sixty-five (65) dwelling units as previously approved and new multi-family household living twenty-one (21) dwelling units (total eighty-six (86) dwelling units) and reconfiguration of eight (8) existing accessory off street parking spaces including 1 ada / van accessible space and seven (7) off street bicycle (class 1a) parking spaces on an accessible route. building is to be fully sprinklered. separate permits required for m.e.p.s work. amendment for modification to the reinforced concrete foundation and structural steel beams design as per approved plans. amendment to change the size of structual elements, fire rated assemblies, floor layout and section details as per approved revised plans. amended as of 8.10.2022: for omitting suspended ceilings and reducing unit entry doors fire ratings. .

The owner of record is Berger Development 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, 6 other major projects have broken ground since 2022 — roughly 314 units of new supply — including the 11-unit project at 225 Quarry St, the 34-unit project at 322-40 Race St, the 85-unit project at 230-36 Vine 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)
Schematic massing — illustrative of the ~4-story by-right envelope, not the developer's design.
Units
21
Zoning
CMX3
By-right envelope
~4 stories
Lot
28,519 sq ft
Last sale
2012
Cleared to build
Dec 21, 2020
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 43 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.

~328buildable units
████████ Street
CMX4 · 0.44 mi away
Max bid to a builder $23M · Opportunity Score 100
Unlock →
~58buildable units
████████ Street
CMX3 · 0.42 mi away
Max bid to a builder $4.0M · Opportunity Score 100
Unlock →
~134buildable units
████████ Street
CMX3 · 0.47 mi away
Max bid to a builder $9.2M · Opportunity Score 99
Unlock →
~265buildable units
████████ Street
CMX3 · 0.37 mi away
Max bid to a builder $18M · Opportunity Score 99
Unlock →
~91buildable units
████████ Street
CMX3 · 0.36 mi away
Max bid to a builder $6.2M · Opportunity Score 99
Unlock →
Unlock the 43 nearby opportunities →
The block

What else is rising nearby

Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.

11u225 Quarry St0.07 mi
34u322-40 Race St0.13 mi
85u230-36 Vine St0.21 mi
35u208-12 Vine St0.21 mi
75u416-24 Vine St0.27 mi
74u502 Wood St0.34 mi
Progress

How this project is moving

Cleared for occupancy ~100% complete
Estimated from the construction permit sequence — an approximation of stage, not a precise schedule.
Every logged milestone appears here — highlighted ones are the headline stages; the rest track interim construction activity. Checked daily.
Compiled by InvestPHL. Unit counts, scope, and ownership are as recorded and subject to revision; the massing figure is a schematic illustration of the by-right envelope, not the developer's design or a marketing rendering. Verify zoning, status, and title with counsel before acting. InvestPHL does not list, market, or represent any property, buyer, or seller.