43-unit residential new construction, zoned CMX2.
A 43-unit residential building is set to rise at 912-22 Locust Ave in East Germantown, a mid-scale addition to one of the city's busier development corridors. It was cleared to build in Dec 29, 2021.
The 21,173 sq ft site is zoned CMX2, which supports a building on the order of 3 stories by right. Records show the parcel last traded in 2023 for $580K. The plans call for for the erection of a detached, three story structure of type va construction with a cellar. for forty-three (43) dwelling unitys with accessory storage and two (2) vacant commercial spaces. separate permits are required for the certificate of occupancy for the commercial space. .
The owner of record is Gb Locust 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 38 units of new supply — including the 9-unit project at 5522 Sprague St, the 20-unit project at 921-23 E Chelten Ave, the 9-unit project at 837 E Chelten 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 102 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 102 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.