Market Insights  /  Old City & Society Hill
Development Watch · Old City & Society Hill

230 Vine StUnder construction

85-unit residential new construction, zoned CMX3.

A 85-unit residential building is set to rise at 230 Vine St in Old City & Society Hill, a mid-scale addition to one of the city's busier development corridors. It was cleared to build in May 5, 2025.

The site is zoned CMX3, which supports a building on the order of 6 stories by right. The plans call for new construction of a six (6) story building with roof decks and pilot house for use as shell commercial space (use registration & fit-out permits required prior to occupancy) and eighty-five (85) dwelling units with accessory parking garage as per approved plans. building to utilize horizontal separations to create two (2) separate buildings with two (2) different construction types (basement and 1st floor - type ia and 2nd through 6th floors - type iiib). fire retardant treated studs and sheathing required for type iii construction. building to be fully sprinklered per nfpa 13 and include standpipes per nfpa 14. fire watch required per code bulletin f-2001. *2018 ibc review* **separate permits required for mep & fire suppression work** amendment approved 1/24/26 amend new construction permit cp-2023-004665 for structural and layout changes to include car lifts in basement garage, expansion of commercial space, reduction in number of dwelling units to seventy-five (75) and inclusion of horizontal exits as per approved plans. .

The owner of record is Painted Bride Art. 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, 6 other major projects have broken ground since 2022 — roughly 326 units of new supply — including the 35-unit project at 208-12 Vine St, the 11-unit project at 225 Quarry 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)
Schematic massing — illustrative of the ~6-story by-right envelope, not the developer's design.
Units
85
Zoning
CMX3
By-right envelope
~6 stories
Cleared to build
May 5, 2025
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 54 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.

~328buildable units
████████ Street
CMX4 · 0.28 mi away
Max bid to a builder $23M · Opportunity Score 100
Unlock →
~65buildable units
████████ Street
CMX2 · 0.44 mi away
Max bid to a builder $4.4M · Opportunity Score 100
Unlock →
~112buildable units
████████ Street
CMX3 · 0.47 mi away
Max bid to a builder $7.7M · Opportunity Score 100
Unlock →
~58buildable units
████████ Street
CMX3 · 0.22 mi away
Max bid to a builder $4.0M · Opportunity Score 100
Unlock →
~80buildable units
████████ Street
CMX3 · 0.48 mi away
Max bid to a builder $5.5M · Opportunity Score 100
Unlock →
Unlock the 54 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.

35u208-12 Vine St0.04 mi
11u225 Quarry St0.14 mi
34u322-40 Race St0.16 mi
75u416-24 Vine St0.17 mi
74u502 Wood St0.23 mi
97u500 N Christopher Columbus Blvd0.41 mi
Progress

How this project is moving

Life-safety systems ~78% 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.