Market Insights  /  Strawberry Mansion
Development Watch · Strawberry Mansion

3120 N Park AveDelivered

28-unit residential new construction, zoned CMX3.

A 28-unit residential building is set to rise at 3120 N Park Ave in Strawberry Mansion, the kind of by-right infill quietly reshaping the block. It was cleared to build in Sep 1, 2023.

The 13,125 sq ft site is zoned CMX3, which supports a building on the order of 3 stories by right. The parcel last changed hands in 2019. The plans call for for the erection of a detached structure with a roof deck and pilot house. structure for use as multi-family household living ( 28 dwelling units) . sprinklered through per nfpa 13. separate permits required for plumbing, mechanical, electrical and fire suppression. a covered walkway or sidewalk closure shall be required in accordance with section 3306 of the ibc. separate building and/or streets department permits are required. **amendment 2/11/2025 to have erection of retaining wall, size and location as per approved plan.**.

The owner of record is Residences At North Park One 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, 3 other major projects have broken ground since 2022 — roughly 110 units of new supply — including the 40-unit project at 1510 W Allegheny Ave, the 43-unit project at 3249 N 16th St, the 27-unit project at 3216 N 16th 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)
Schematic massing — illustrative of the ~3-story by-right envelope, not the developer's design.
Units
28
Zoning
CMX3
By-right envelope
~3 stories
Lot
13,125 sq ft
Last sale
2019
Cleared to build
Sep 1, 2023
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 140 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.

~202buildable units
████████ Street
ICMX · 0.48 mi away
Max bid to a builder $3.5M · Opportunity Score 95
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~189buildable units
████████ Street
ICMX · 0.48 mi away
Max bid to a builder $3.0M · Opportunity Score 94
Unlock →
~98buildable units
████████ Street
CMX2 · 0.33 mi away
Max bid to a builder $1.5M · Opportunity Score 91
Unlock →
~125buildable units
████████ Street
ICMX · 0.49 mi away
Max bid to a builder $2.0M · Opportunity Score 91
Unlock →
~87buildable units
████████ Street
CMX3 · 0.28 mi away
Max bid to a builder $1.3M · Opportunity Score 90
Unlock →
Unlock the 140 nearby opportunities →
The block

What else is rising nearby

Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.

40u1510 W Allegheny Ave0.19 mi
43u3249 N 16th St0.26 mi
27u3216 N 16th St0.28 mi
Progress

How this project is moving

Cleared for occupancy ~100% 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.