139-45 W Chelten AveDelivered

A 50-unit residential building is set to rise at 139-45 W Chelten Ave in Germantown, a mid-scale addition to one of the city's busier development corridors. It was cleared to build in Oct 18, 2021.

The 14,039 sq ft site is zoned CMX2.5, which supports a building on the order of 5 stories by right. The parcel last changed hands in 2022. The plans call for new construction of a five (5) story structure to include shell commercial space (use registration & fit-out permits required prior to occupancy), fifty (50) dwelling units and accessory parking as per approved plans. 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 review* **separate permits required for mep & fire suppression work**.

The owner of record is 139 45 West Chelten Avenue 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, 2 other major projects have broken ground since 2022 — roughly 79 units of new supply — including the 33-unit project at 26-34 Church Ln, the 46-unit project at 5322 Germantown Ave. 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?