10-unit residential new construction, zoned RM1.
A 10-unit residential building is set to rise at 3933 Powelton Ave in University City & Powelton, the kind of by-right infill quietly reshaping the block. It was cleared to build in Jul 23, 2020.
The site is zoned RM1, which supports a building on the order of 4 stories by right. The parcel last changed hands in 2019. The plans call for **amendment 8/20/2021 to change sprinklers to nfpa 13r, revise elevation views to reduce % of wall openings, and change special inspection agency/dprc-si** for the erection of a new four (4) story attached structure (with a roof deck accessed by pilot houses enclosing access stairs only) to be used as group r-2 (ten (10) dwelling units) throughout, as per plans; separate permits required for all mep/fsp work; building to be fully sprinklered as per nfpa 13r; see ap#1000450 for zoning/use approval; pedestrian protection required as per 2018 ibc ch33.
The owner of record is 42nd Market Associates LLC.
It isn't rising in isolation. Within a half-mile, 12 other major projects have broken ground since 2022 — roughly 1,101 units of new supply — including the 95-unit project at 4050 Ludlow St, the 14-unit project at 3932-36 Mount Vernon St, the 8-unit project at 657 N Preston 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 111 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 111 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.