5-unit residential new construction, zoned CMX3.
A 5-unit residential building is set to rise at 248 N Lawrence St in Old City & Society Hill, the kind of by-right infill quietly reshaping the block. It was cleared to build in May 23, 2025.
The 1,531 sq ft site is zoned CMX3, which supports a building on the order of 5 stories by right. Records show the parcel last traded in 2024 for $548K. The plans call for for the erection of an attached structure to include a roof deck and two (2) roof deck access structures. for use as a five (5) dwelling units. building to be fully sprinklered per nfpa 13. separate approval required from pa l&i for elevator and platform lift installation. deffered shop drawings review and approval required for the proposed deep foundation prior to foundation installation. amendment#1 to change floor layout and reinforced mat foundation. amendment#2 to add horizontal exits on 2nd to 5th floors. amendment #3 (9-9-2026) for changes to sheets a1.1 & a3.1 as per the approved amended construction documents.
The owner of record is 248 N Lawrence 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, 7 other major projects have broken ground since 2022 — roughly 365 units of new supply — including the 75-unit project at 416-24 Vine St, the 74-unit project at 502 Wood St, the 34-unit project at 322-40 Race 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 79 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 79 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.