12-unit residential new construction, zoned RM1.
A 12-unit residential building is set to rise at 752-54 S 16th St in Graduate Hospital & Point Breeze, the kind of by-right infill quietly reshaping the block. It was cleared to build in Dec 11, 2020.
The 4,699 sq ft site is zoned RM1, which supports a building on the order of 4 stories by right. Records show the parcel last traded in 2020 for $1.6M. The plans call for for the erection of an attached building with a roof deck and three roof deck access structures. for the use as multi-family (12 units) household living utilizing moderate income housing bonus and to include accessory four (4) bicycle parking spaces. building to be fully sprinklered. separate permits required for m.e.p.s work.
The owner of record is Center City Properties 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, 3 other major projects have broken ground since 2022 — roughly 64 units of new supply — including the 9-unit project at 757 S 15th St, the 45-unit project at 614 S 13th 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 85 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 85 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.