15-unit residential new construction, zoned ICMX.
A 15-unit residential building is set to rise at 1022 Wood St in Washington Square & Chinatown, the kind of by-right infill quietly reshaping the block. It was cleared to build in Jul 9, 2020.
The 3,720 sq ft site is zoned ICMX, which supports a building on the order of 4 stories by right. The parcel last changed hands in 2018. The plans call for for the construction of a new four-story structure with cellar, to be used as fifteen (15) dwelling units, per approved plans. amendment approved on 1/2/2021: amend permit to provide fire retarted treated wood alternative to portion of exterior wall, as per submited plans/documents. **amend basement layout for fire pump and water booster rooms** amendment (9/6/2022) to change fresh air shaft location as per revised plans.
The owner of record is Chow Cho F.
It isn't rising in isolation. Within a half-mile, 7 other major projects have broken ground since 2022 — roughly 403 units of new supply — including the 31-unit project at 326 N 12th St, the 51-unit project at 217 N 9th St, the 81-unit project at 225 N 13th 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?
As this density arrives, InvestPHL is tracking 163 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 163 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.