10-unit residential new construction, zoned RSA5.
A 10-unit residential building is set to rise at 3965 Fairmount Ave in University City & Powelton, the kind of by-right infill quietly reshaping the block. It was cleared to build in May 12, 2021.
The 3,675 sq ft site is zoned RSA5, which supports a building on the order of 3 stories by right. The parcel last changed hands in 2023. The plans call for for the erection of an attached structure with cellar and accessory roof deck (for residential use only) with roof access structure. for multi-family household living ten (10) dwelling units. separate permits required for m.e.p.s work. separate approval required from pa l&i for platform lift installation. amendment to change floor layout as per approved amended plans.
The owner of record is 701 N 40th Estate LLC.
It isn't rising in isolation. Within a half-mile, 12 other major projects have broken ground since 2022 — roughly 180 units of new supply — including the 10-unit project at 644-46 N 40th St, the 8-unit project at 657 N Preston St, the 12-unit project at 3900 Aspen 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 71 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 71 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.