10-unit residential new construction, zoned CMX2.
A four-story mixed-use building at 893 Belmont Avenue has been completed in University City, adding ten residential units above ground-floor commercial space. The project sits on a 4,580-square-foot lot zoned CMX2, where the mix of uses and scale fit comfortably within by-right parameters. The shell commercial space on the first floor will require separate use registration and fit-out work before any tenant can move in, leaving that street-level activation still to come.
Belmont Avenue Development LLC owns the property, having acquired it in 2024 after the building was already cleared to build in late 2022. The project follows a familiar University City template: modest infill that threads the needle between the neighborhood's rowhouse grain and the institutional density creeping outward from campus. It's a straightforward play in an area where CMX2 parcels tend to attract small developers looking for predictable, code-compliant projects without zoning drama.
The building lands in the middle of a steady stream of similar activity. Within a half mile, roughly 207 units are in various stages of planning or construction, including a 31-unit project at 4324 Lancaster Avenue and a handful of 8- to 20-unit buildings scattered along the surrounding blocks. None of these are transformative individually, but together they're steadily filling in gaps along commercial corridors and side streets that have sat vacant or underused for years.
What 893 Belmont signals is that University City's development momentum isn't slowing, even as projects remain deliberately modest in scale. Plenty of similar lots in the area—narrow, zoned for mixed-use, and within walking distance of transit and institutions—are ripe for the same treatment. The question isn't whether more projects like this will come, but how quickly owners decide to pull the trigger.
📄 View the project's plan drawings (PDF)As this density arrives, InvestPHL is tracking 112 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 112 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.