42-unit residential new construction, zoned CMX2.
A 42-unit residential building is set to rise at 1420 Point Breeze 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 Dec 28, 2020.
The 11,377 sq ft site is zoned CMX2, which supports a building on the order of 4 stories by right. The parcel last changed hands in 2020. The plans call for **amendment dated 6/18/2021: architectural and structural changes due to moving location of peco vault, revisions to accommodate existing foundations** **amendment dated 2/19/2021: enlargement of elevator shaft, and enlargement of bathrooms within type a units** for the erection of a four (4) story attached structure (w/resident-only roof deck accessed via pilot houses & elevator, and green roof) to be used as vacant retail space at the ground floor (separate fit-out/co permit required prior to occupancy) with group r-2 (forty-two (42) dwelling units; including one (1) type a unit w/remaining to be type b units) at the ground floor through fourth floors, with accessory residential storage w/in the basement, as per plans; separate permits required for all mep/fsp work; separate pa l&i permit required for installation of elevator; sprinklers to be installed throughout as per nfpa 13 w/standpipes w/in exit stairways installed as per nfpa 14; pedestrian protection to be provided as per section 3306 in the 2018 ibc at all times during construction; see zp-2020-000995 for zoning/use approval.
The owner of record is 1422 Point Breeze 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, 1 other major projects have broken ground since 2022 — roughly 16 units of new supply — including the 16-unit project at 1111 S 24th 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 30 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 30 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.