Market Insights  /  Fairmount & Art Museum
Development Watch · Fairmount & Art Museum

918 N Broad StDelivered

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)
Schematic massing — illustrative of the ~8-story by-right envelope, not the developer's design.
Units
49
Zoning
CMX4
By-right envelope
~8 stories
Lot
6,146 sq ft
Last sale
$2.0M · 2021
Cleared to build
Dec 14, 2022
For developers & investors

Underpriced parcels near this project

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.

~86buildable units
████████ Street
CMX4 · 0.21 mi away
Max bid to a builder $5.9M · Opportunity Score 100
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~75buildable units
████████ Street
CMX4 · 0.18 mi away
Max bid to a builder $5.1M · Opportunity Score 100
Unlock →
~70buildable units
████████ Street
CMX3 · 0.44 mi away
Max bid to a builder $4.9M · Opportunity Score 100
Unlock →
~66buildable units
████████ Street
CMX2 · 0.42 mi away
Max bid to a builder $4.6M · Opportunity Score 99
Unlock →
~303buildable units
████████ Street
CMX4 · 0.34 mi away
Max bid to a builder $14M · Opportunity Score 99
Unlock →
Unlock the 90 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.

70u915-23 N Broad St0.05 mi
13u1435 W Girard Ave0.08 mi
17u1633-43 Ridge Ave0.23 mi
11u1630-32 Ridge Ave0.24 mi
12u1638 Ridge Ave0.25 mi
20u689-95 N Broad St0.33 mi
12u1822 Ridge Ave0.35 mi
21u1421 N 17th St0.37 mi
Progress

How this project is moving

Cleared for occupancy ~100% 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.