10-unit residential new construction, zoned CMX2.
A 10-unit residential building is set to rise at 3935 Lancaster Ave in University City & Powelton, the kind of by-right infill quietly reshaping the block. It was cleared to build in Jul 3, 2021.
The 3,604 sq ft site is zoned CMX2, which supports a building on the order of 4 stories by right. The parcel last changed hands in 2023. The plans call for for the erection of a new construction for use as a vacant commerical space (use registration required prior to occupancy) on first floor with multi-family (ten (10) dwelling) household living above. building to be fully sprinklered. separate permits required for m.e.p.s work.
The owner of record is Lina Holdings 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, 12 other major projects have broken ground since 2022 — roughly 326 units of new supply — including the 14-unit project at 3932-36 Mount Vernon 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?
📄 View the project's plan drawings (PDF)As this density arrives, InvestPHL is tracking 80 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 80 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.