75-unit residential new construction, zoned IRMX.
A 75-unit residential building is set to rise at 2501 Washington Ave in Graduate Hospital & Point Breeze, a mid-scale addition to one of the city's busier development corridors. It was cleared to build in Aug 6, 2019.
The 24,287 sq ft site is zoned IRMX, which supports a building on the order of 5 stories by right. The parcel last changed hands in 2018. The plans call for construction/addition of a four-story structure above an existing one-story detached structure with a roof deck accessed by two pilot houses.for use as vacant commercial space on the basement/first floor , seventy five(75) dwelling units from the second thru fifth floors with forty six (46) parking spaces to include two(2) ada spaces and three(3) electric parking spaces and twenty six (26) bicycle spaces on an accessible route.**building to be fully sprinklered as per nfpa 13 in basement and 1st floor-nfpa 13r in the residential portion**standpipes system in accordance with nfpa 14 to be installed in exit stairways**ibc 2018**.
The owner of record is Graduate Point Developmen. 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, 2 other major projects have broken ground since 2022 — roughly 25 units of new supply — including the 16-unit project at 1111 S 24th St, the 9-unit project at 2732 Manton 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?
📄 View the project's plan drawings (PDF)As this density arrives, InvestPHL is tracking 49 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 49 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.