5-unit residential new construction, zoned CMX2.
A 5-unit residential building is set to rise at 700 N 43rd St in University City & Powelton, the kind of by-right infill quietly reshaping the block. It was cleared to build in Feb 17, 2025.
The 2,500 sq ft site is zoned CMX2, which supports a building on the order of 3 stories by right. Records show the parcel last traded in 2018 for $61K. The plans call for for the construction of a three (3) story attached structure for use as group r-2 (five (5) dwelling units including one (1) type a unit on the first floor) with two (2) shell commercial spaces as per approved plans and in accordance with the 2018 ibc. building to be fully sprinklered per nfpa 13 throughout. if field conditions vary contact design engineer prior to the start of any work. *2018 ibc review* **separate permits required for mechanical, electrical, plumbing, excavation, & fire suppression work** ***use registration and co required for each shell commercial space prior to fit out and occupancy***.
The owner of record is Christian Fellowship Comm. 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 283 units of new supply — including the 20-unit project at 716 N 43rd St, the 9-unit project at 675 N 41st St, the 31-unit project at 4324 Lancaster 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 93 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 93 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.