49-unit residential new construction, zoned CMX4.
An eight-story, 49-unit residential building has been delivered at 918 N Broad Street, adding another vertical layer to the corridor's steady march north from Center City. The ground floor holds a vacant commercial shell awaiting tenant fit-out, while apartments occupy the seven floors above. The project makes efficient use of a 6,146-square-foot lot, threading three parking spaces—including one van-accessible and one car-share stall—alongside seventeen bike spaces into the base. There's no roof deck atop the eighth floor, an unusual omission given the elevation and proximity to the Art Museum.
The site sits in CMX4 zoning, which allows this density by right with no variance dance required. Broad Street Owner, LLC picked up the parcel in 2021 and cleared the way for construction by late 2022, moving quickly from acquisition to delivery. The streamlined timeline reflects both the zoning fit and the relatively modest footprint—918 N Broad packs nearly 50 units onto a sliver of land without triggering the procedural headaches that typically slow larger assemblages.
This building joins a cluster of smaller multifamily projects threading through the surrounding blocks: a 70-unit project at 915-23 N Broad, a handful of low-teen-unit buildings along Girard and Ridge, and enough combined activity to tally 338 units within a half-mile radius. The wave isn't flashy, but it's persistent, filling in gaps left by disinvestment with walkable, transit-adjacent housing that doesn't require rezoning battles or community benefits agreements.
For nearby property owners sitting on underused commercial lots or surface parking, 918 N Broad offers a legible playbook: acquire, design to zoning, build fast, and deliver before the next interest-rate cycle. The lack of a roof deck and the vacant ground-floor commercial space suggest cost discipline rather than amenity maximalism, a pragmatic approach that may prove more replicable than trophy projects farther south. Whether the retail shell finds a tenant willing to bet on this stretch of Broad remains the open question.
📄 View the project's plan drawings (PDF)As this density arrives, InvestPHL is tracking 90 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 90 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.