45-unit residential new construction, zoned CMX2.5.
A 45-unit residential building is set to rise at 5521 Wayne Ave in Germantown, a mid-scale addition to one of the city's busier development corridors. It was cleared to build in Dec 25, 2021.
The 9,123 sq ft site is zoned CMX2.5, 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 erection of an attached structure with seventeen (17) 1a class bicycle spaces in an accessible route. for a vacant commercial space at first floor front( use registration and fit-out permits required prior to occupancy) at first floor with fifty(50) dwelling units.( nine(9) units using mixed income housing bonus as per 14-702(7) and for an additional eight(8) units using green roof bonus as per 14-702(16). building to be fully sprinklered. sepatate permits required for mep & fp work. separate approval required from pa l&i for elevator installation. amendment to include 5' setback to avoid underpinning and adjustment to floor layout and existing wall along side lot line to remain as per approved revised plans. grant variance for exiting under the building with a 2-hour fire rating of exit passageway walls and ceilings where tenants must exit under the building. any gates or fences along exit passageways shall not be locked. amendment to eliminates the previously provided backup generator in favor of horizontal exits above 1st floor, and the mail room on the ground floor has been relocated as per approved revised plans. amendment limited to a single-door swing change at the basement. .
The owner of record is 5521 Wayne Avenue 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, 4 other major projects have broken ground since 2022 — roughly 168 units of new supply — including the 33-unit project at 26-34 Church Ln, the 46-unit project at 5322 Germantown Ave, the 49-unit project at 328-30 W Queen Ln. 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 71 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 71 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.