Market Insights  /  Germantown
Development Watch · Germantown

328-30 W Queen LnUnder construction

49-unit residential new construction, zoned CMX2.5.

A 49-unit residential building is under way at 328-30 W Queen Lane in Germantown, rising four stories on a roughly 18,600-square-foot lot under CMX2.5 zoning. The ground floor will house a community center fronting the street, with the remainder of the building devoted to apartment living and 16 Class 1A bicycle spaces tucked inside the first level. Queen Senior LLC, the owner of record, closed on the property early this year and cleared construction hurdles by late January 2026, moving quickly into the vertical phase.

The CMX2.5 designation allows the density by right, eliminating the need for variances or drawn-out zoning appeals—a notable advantage in a neighborhood where vacant and underutilized commercial corridors still linger. The community center component suggests a mixed-use model intended to serve the immediate area, anchoring foot traffic at street level while adding needed housing above. The building will be fully sprinklered to NFPA 13 standards, with separate permits handling mechanical, electrical, plumbing, and fire protection systems as construction advances.

What stands out is the absence of comparable activity nearby: there are no other major residential projects within a half mile, making this a rare bet on Germantown's Queen Lane corridor at a time when most new multifamily development clusters closer to Center City or transit-rich nodes in North Philadelphia. The project's scale is modest but meaningful in context, signaling that developers willing to work within existing zoning can still pencil deals on mid-sized parcels in outer neighborhoods. If the project leases well, it may pull forward interest in surrounding sites that have long sat fallow or underperforming.

The owner's willingness to include a community amenity on the ground floor may smooth neighborhood reception, a consideration that can accelerate approvals and occupancy timelines in areas wary of change. Whether this becomes a template for similar infill efforts along Queen Lane depends largely on market reception and financing appetite, but the fundamentals—transit access, relatively affordable land, and by-right zoning—are in place for additional projects to follow if absorption proves strong.

📄 View the project's plan drawings (PDF)
Schematic massing — illustrative of the ~4-story by-right envelope, not the developer's design.
Units
49
Zoning
CMX2.5
By-right envelope
~4 stories
Lot
18,644 sq ft
Last sale
$600K · 2025
Cleared to build
Jan 23, 2026
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 36 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.

~277buildable units
████████ Street
CMX2.5 · 0.46 mi away
Max bid to a builder $4.2M · Opportunity Score 98
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~212buildable units
████████ Street
CMX2.5 · 0.49 mi away
Max bid to a builder $3.2M · Opportunity Score 97
Unlock →
~102buildable units
████████ Street
CMX2.5 · 0.49 mi away
Max bid to a builder $1.7M · Opportunity Score 92
Unlock →
~22buildable units
████████ Street
RM2 · 0.30 mi away
Max bid to a builder $280K · Opportunity Score 91
Unlock →
~14buildable units
████████ Street
RM2 · 0.36 mi away
Max bid to a builder $111K · Opportunity Score 85
Unlock →
Unlock the 36 nearby opportunities →
Progress

How this project is moving

Structure ~60% complete
Estimated from the construction permit sequence — an approximation of stage, not a precise schedule.
Every logged milestone appears here — highlighted ones are the headline stages; the rest track interim construction activity. Checked daily.
Compiled by InvestPHL. Unit counts, scope, and ownership are as recorded and subject to revision; the massing figure is a schematic illustration of the by-right envelope, not the developer's design or a marketing rendering. Verify zoning, status, and title with counsel before acting. InvestPHL does not list, market, or represent any property, buyer, or seller.