108-unit residential new construction, zoned CMX4.
A 108-unit residential building is set to rise at 545 N Broad St in Northern Liberties, one of the larger new-construction projects underway in Philadelphia this cycle. It was cleared to build in Feb 12, 2021.
The 17,549 sq ft site is zoned CMX4, which supports a building on the order of 9 stories by right. The parcel last changed hands in 2021. The plans call for new construction of a nine (9) story detached structure with rated walls, roof deck, roof deck access structures (for access to roof deck only), and elevator override as per approved plans. building to be fully sprinklered with nfpa 13 system. **separate permits required for mep & fire suppression work** amendment issued on 2/24/2022 to add a special inspection to the permit (smoke control systems). amendment issued on 8/16/2022 to add a horizontal exit from floor 2nd through 8th. .
The owner of record is 545nb Qozb 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, 7 other major projects have broken ground since 2022 — roughly 309 units of new supply — including the 119-unit project at 619-29 N Broad St, the 23-unit project at 1314-32 Spring Garden St, the 24-unit project at 1315 Ridge Ave. 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 185 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 185 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.