48-unit residential new construction, zoned IRMX.
A 48-unit residential building is set to rise at 3029-31 W Glenwood Ave in Brewerytown & Sharswood, a mid-scale addition to one of the city's busier development corridors. It was cleared to build in Feb 27, 2019.
The 13,271 sq ft site is zoned IRMX, which supports a building on the order of 5 stories by right. Records show the parcel last traded in 2019 for $1.8M. The plans call for for the construction of a five-story building with roof deck accessed by a pilothouse, for use as vacant commercial on the first floor (separate certificate of occupancy required prior to occupancy) and forty-eight (48) dwelling units above, with accessory parking spaces and bicycle parking, as per approved plans. amendmnet as of 10/8/2020- amend permit to document the removal of a two-story stair between cellar and first floor, creating a leasing office and mail room in the residental lobby, redesign of the roof trellis, change in roofing membrane system underneath roof deck, and other small layout changes, per submitted plans. .
The owner of record is Equinox Glenwood 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, 4 other major projects have broken ground since 2022 — roughly 109 units of new supply — including the 20-unit project at 3117 Master St, the 27-unit project at 2625 Jefferson St, the 16-unit project at 1525 N Stillman 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 1 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 1 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.