3315 N 13th StUnder construction

A 28-unit residential building is set to rise at 3315 N 13th St in Nicetown & Tioga, the kind of by-right infill quietly reshaping the block. It was cleared to build in Dec 20, 2021.

The 11,730 sq ft site is zoned CMX2, which supports a building on the order of 4 stories by right. Records show the parcel last traded in 2021 for $620K. The plans call for for the erection of a semi-detached structure with no roof deck; for use as a vacant commercial space (use regiration and fit-out permits required prior to occupancy) on the first floor with a multi-family (twenty eight (28) dwelling units, including green roof bonus) household living above. building to be fully sprinklered. separate permits required for mep and fp work. amendment to reduce the size of the previously-approved building. removal of elevator, roof deck, part of the lower floor with changed floor layout as per approeved amended plans.

The owner of record is 3315 N 13th St Ll. 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, 4 other major projects have broken ground since 2022 — roughly 138 units of new supply — including the 28-unit project at 3120 N Park Ave, the 43-unit project at 3249 N 16th St, the 40-unit project at 1510 W Allegheny 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?