22-unit residential new construction, zoned RM1.
A 22-unit residential building is set to rise at 520 N 37th St in University City & Powelton, the kind of by-right infill quietly reshaping the block. It was cleared to build in Feb 4, 2021.
The 8,912 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 2018 for $925K. The plans call for for the erection of a four (4) story attached structure as per approved plans. for use as twenty two (22) dwelling units. structure to be fully sprinklered in accordance with nfpa 13 minimum. **separate permits required for mep and fire suppression work.** **2018 ibc**.
The owner of record is 1833 Realty 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, 12 other major projects have broken ground since 2022 — roughly 346 units of new supply — including the 62-unit project at 3620 Haverford Ave, the 16-unit project at 3618 Wallace St, the 16-unit project at 3618 Wallace 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 37 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 37 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.