Market Insights  /  Germantown
Development Watch · Germantown

149 Hansberry StUnder construction

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

A 7-unit residential building is set to rise at 149 Hansberry St in Germantown, the kind of by-right infill quietly reshaping the block. It was cleared to build in Jul 29, 2026.

The 2,050 sq ft site is zoned CMX2.5, which supports a building on the order of 4 stories by right. Records show the parcel last traded in 2024 for $58K. The plans call for for new construction of four-story attached building with roof-access structure for maintenance only. building to be fully sprinklered with nfpa 13. separate permits required for excavation, mechanical, electrical, plumbing and fire suppression.

The owner of record is 1142 E Passyunk 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, 6 other major projects have broken ground since 2022 — roughly 273 units of new supply — including the 40-unit project at 5230-32 Germantown Ave, the 46-unit project at 5322 Germantown Ave, the 49-unit project at 328-30 W Queen Ln. 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 ~4-story by-right envelope, not the developer's design.
Units
7
Zoning
CMX2.5
By-right envelope
~4 stories
Lot
2,050 sq ft
Last sale
$58K · 2024
Cleared to build
Jul 29, 2026
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 58 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 · 0.47 mi away
Max bid to a builder $4.2M · Opportunity Score 98
Unlock →
~212buildable units
████████ Street
CMX2.5 · 0.20 mi away
Max bid to a builder $3.2M · Opportunity Score 97
Unlock →
~163buildable units
████████ Street
CMX2.5 · 0.39 mi away
Max bid to a builder $2.6M · Opportunity Score 95
Unlock →
~139buildable units
████████ Street
CMX2.5 · 0.30 mi away
Max bid to a builder $2.2M · Opportunity Score 94
Unlock →
~102buildable units
████████ Street
CMX2.5 · 0.45 mi away
Max bid to a builder $1.7M · Opportunity Score 92
Unlock →
Unlock the 58 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.

40u5230-32 Germantown Ave0.23 mi
46u5322 Germantown Ave0.26 mi
49u328-30 W Queen Ln0.29 mi
33u26-34 Church Ln0.41 mi
90u4701-15 Wayne Ave0.42 mi
15u231 E Bringhurst St0.47 mi
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.