6-unit residential new construction, zoned CMX2.
A 6-unit residential building is set to rise at 4217-19 Lancaster Ave in University City & Powelton, the kind of by-right infill quietly reshaping the block. It was cleared to build in Oct 20, 2025.
The 2,404 sq ft site is zoned CMX2, which supports a building on the order of 3 stories by right. The parcel last changed hands in 2020. The plans call for for the erection of an attached 3- story building with a roof deck and roof deck access structure for the use of two (2) vacant commercial spaces (separate fit out permits required prior to occupancy) on the first floor and r2 occupancy (6 dwelling units) above first floor. all work to be done per approved plans. if field conditions vary contact design engineer prior to the start of any work. **a covered walkway or sidewalk closure shall be required within the building facade in accordance with section 3306 of the 2018 ibc. separate permits required for all other work. ***deed needs to recorded to consolidate premises a and premises b prior to the issuance of certificate of occupancy***.
The owner of record is Bq Lancaster Ave 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 146 units of new supply — including the 20-unit project at 716 N 43rd St, the 31-unit project at 4324 Lancaster Ave, the 10-unit project at 4129 Ogden 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 107 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 107 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.