2101 Washington AveDelivered

A 247-unit residential building is set to rise at 2101 Washington Ave in Graduate Hospital & Point Breeze, one of the larger new-construction projects underway in Philadelphia this cycle. It was cleared to build in Sep 14, 2021.

The 54,508 sq ft site is zoned I2, which supports a building on the order of 6 stories by right. Records show the parcel last traded in 2022 for $18M. The plans call for new construction of a six (6) story structure to include roof deck and basement accessory parking garage for use as two hundred forty-seven (247) dwelling units and shell commercial spaces (fit-out permits required prior to occupancy) as per approved plans. building to utilize horizontal separations to create two (2) separate buildings with two (2) different construction types (basement & 1st floor - type ia and 2nd through 6th floors - type iiib). work to include temporary excavation shoring. fire retardant treated studs and sheathing required for type iii construction. building to be fully sprinklered per nfpa 13 and include standpipes per nfpa 14. fire watch required per code bulletin f-2001. *2018 ibc* **separate permits required for mep & fire suppression work** amendment approved 2/8/23 amend new construction permit cp-2020-005384 for changes to building layouts and structural as per approved plans. amendment approved 11/8/23 amend new construction permit cp-2020-005384 for changes to building layouts and structural to include removal of exterior stairway, changes to elevator lobby and storefront system as per approved plans. amendment approved 7/5/25 amend new construction permit cp-2020-005384 to add exterior stairway, access hatch for mechanical equipment and changes to building envelope as per approved plans. **separate permit required for any mechanical work/changes**.

The owner of record is 2101 Washington Avenue Development 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, 1 other major projects have broken ground since 2022 — roughly 16 units of new supply — including the 16-unit project at 1111 S 24th 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?