11-unit residential new construction, zoned RM1.
A 11-unit residential building is set to rise at 300 Budd St in University City & Powelton, the kind of by-right infill quietly reshaping the block. It was cleared to build in Jun 1, 2020.
The 5,200 sq ft site is zoned RM1, which supports a building on the order of 3 stories by right. Records show the parcel last traded in 2025 for $3.9M. The plans call for for the erection of an attached building with private residential roof decks accessed by pilothouses. for use as multi-family household living for 11 dwelling units. building to be fully sprinklered. separate permits required for m.e.p.s work.
The owner of record is 300 Budd St LLC.
It isn't rising in isolation. Within a half-mile, 11 other major projects have broken ground since 2022 — roughly 334 units of new supply — including the 95-unit project at 4050 Ludlow St, the 12-unit project at 4245 Sansom St, the 12-unit project at 4401 Holden 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?
As this density arrives, InvestPHL is tracking 112 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 112 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.