196-unit residential new construction, zoned CMX4.
A 196-unit residential building is set to rise at 922-38 N Broad St in Fairmount & Art Museum, one of the larger new-construction projects underway in Philadelphia this cycle. It was cleared to build in Nov 24, 2021.
The 27,148 sq ft site is zoned CMX4, which supports a building on the order of 7 stories by right. The parcel last changed hands in 2002. The plans call for new construction of a seven (7) story structure with common roof deck and pilot houses for use as shell commercial space (use registration & fit-out permits required prior to occupancy) and one hundred ninety-six (196) dwelling units with accessory parking garage as per approved plans. building to utilize horizontal separations to create two (2) separate buildings with two (2) different construction types (basement, 1st & 2nd floors - type ia and 3rd through 7th floors - type iiia). 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** amendment approved 10/16/22 amend new construction permit no. cp-2021-006406 to include changes to floor layout and location of parking, retail space and dwelling units to include reduction to one hundred seventy-one (171) units total as per approved plans. amendment approved 3/27/24 amend new construction permit no. cp-2021-006406 to include changes to floor layouts, roof deck and parking layout as per approved plans. amendment approved 6/27/24 amend new construction permit no. cp-2021-006406 to include third floor roof deck and changes to building layout as per approved plans. .
The owner of record is 922 N Broad Associates 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 387 units of new supply — including the 49-unit project at 918 N Broad St, the 70-unit project at 915-23 N Broad St, the 13-unit project at 1435 W Girard 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?
📄 View the project's plan drawings (PDF)As this density arrives, InvestPHL is tracking 87 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 87 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.