Market Insights  /  Northern Liberties
Development Watch · Northern Liberties

619-29 N Broad StUnder construction

119-unit residential new construction, zoned CMX4.

Rendering of 619-29 N Broad St — Construction Underway at 619 North Broad Street in Poplar, Lower North Philadelphia - Philadelphia YIMBY
Construction Underway at 619 North Broad Street in Poplar, Lower North Philadelphia - Philadelphia YIMBY
Rendering of 619-29 N Broad St — Transformation of North Broad Continues as Two Projects Progress - OCF Realty
Transformation of North Broad Continues as Two Projects Progress - OCF Realty
Published renderings · via phillyyimby.com. Shown for informational purposes; rights belong to the original creator.See the source →

A six-story, 119-unit mixed-use building is under construction at 619–29 N Broad Street in Northern Liberals, filling a roughly 18,000-square-foot lot cleared to build in late 2023. The project carves out ground-floor commercial shells—fit-outs to be determined—and pairs residential units with accessory parking. The developer is using a horizontal separation to split the building into two construction types: a Type IA concrete base for the basement and first floor, topped by Type IIIB wood-frame construction above, an increasingly common cost-saving strategy on mid-rise projects.

619 Broad Holding LLC owns the site, acquired in 2021, and is building by-right under CMX4 zoning. The scope includes a roof deck and penthouse structures, full sprinkler and standpipe systems, and a horizontal fire exit to comply with modern life-safety code. An amendment approved in March 2025 tweaked the wall bracing, a minor structural refinement typical of mid-construction adjustments.

This stretch of North Broad has been drawing steady developer attention, with at least 257 units planned or delivered within a half-mile, including recent projects at 1315 Ridge Avenue (24 units), 689–95 N Broad (20 units), and 326 N 12th Street (31 units). The corridor's CMX4 zoning allows generous density without variance headaches, and a flurry of smaller-scale builds suggests investors see the fundamentals—transit access, proximity to Center City, manageable land costs—as durable.

The 619 Broad project's success will likely embolden developers eyeing nearby underused lots, particularly along Broad between Callowhill and Poplar. With a dozen-plus projects in the immediate orbit, this segment of Northern Liberties is steadily reshaping from auto-oriented low-rises to residential density, a shift that could accelerate if retail fill-in gains traction on the commercial spaces now taking shape.

📄 View the project's plan drawings (PDF)
Schematic massing — illustrative of the ~6-story by-right envelope, not the developer's design.
Units
119
Zoning
CMX4
By-right envelope
~6 stories
Lot
17,875 sq ft
Last sale
$6.1M · 2021
Cleared to build
Nov 29, 2023
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 170 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.

~86buildable units
████████ Street
CMX4 · 0.25 mi away
Max bid to a builder $5.9M · Opportunity Score 100
Unlock →
~114buildable units
████████ Street
CMX4 · 0.12 mi away
Max bid to a builder $8.0M · Opportunity Score 100
Unlock →
~75buildable units
████████ Street
CMX4 · 0.29 mi away
Max bid to a builder $5.1M · Opportunity Score 100
Unlock →
~98buildable units
████████ Street
CMX4 · 0.19 mi away
Max bid to a builder $6.7M · Opportunity Score 100
Unlock →
~79buildable units
████████ Street
ICMX · 0.44 mi away
Max bid to a builder $5.4M · Opportunity Score 100
Unlock →
Unlock the 170 nearby opportunities →
The block

What else is rising nearby

Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.

24u1315 Ridge Ave0.08 mi
20u689-95 N Broad St0.13 mi
23u1314-32 Spring Garden St0.17 mi
31u326 N 12th St0.41 mi
11u1630-32 Ridge Ave0.43 mi
12u1638 Ridge Ave0.44 mi
70u915-23 N Broad St0.45 mi
49u918 N Broad St0.46 mi
In the news

What we're hearing about this project

Philadelphia YIMBY reported in August 2024 that significant construction progress was noted at the seven-story, 119-unit mixed-use building designed by Brightcommon.
OCF Realty reported in August 2025 that the 119-unit building from TierView Development had completed demolition and foundation work was underway as of February 2024.
The completed building is now operating as Iron Rose, a 119-unit apartment community with studio, one-, and two-bedroom residences, as of August 2026.
As of July 2026, retail space at 619 N Broad Street is available for lease at the ground floor of the Iron Rose development.
News items are compiled automatically and may be approximate — verify before relying on them.
Progress

How this project is moving

Interior systems ⚠ Status unclear — no recent activity
Estimated from the construction permit sequence — an approximation of stage, not a precise schedule.
Every logged milestone appears here — highlighted ones are the headline stages; the rest track interim construction activity. Checked daily.
Compiled by InvestPHL. Unit counts, scope, and ownership are as recorded and subject to revision; the massing figure is a schematic illustration of the by-right envelope, not the developer's design or a marketing rendering. Verify zoning, status, and title with counsel before acting. InvestPHL does not list, market, or represent any property, buyer, or seller.