16-unit residential new construction, zoned RM1.
A 16-unit residential building is set to rise at 433 N 40th St in University City & Powelton, the kind of by-right infill quietly reshaping the block. It was cleared to build in Oct 9, 2020.
The 3,590 sq ft site is zoned RM1, which supports a building on the order of 4 stories by right. The parcel last changed hands in 2020. The plans call for for the erection of a four (4) story attached structure as per approved plans. for use as sixteen (16) dwelling units with six(6) class 1a bicycle spaces on an accessible route. structure to be fully sprinklered in accordance with nfpa 13. **separate permits required for mep and fire suppression work.** **2018 ibc****permit to include underpinning work**.
The owner of record is Fccc Growth LLC.
It isn't rising in isolation. Within a half-mile, 12 other major projects have broken ground since 2022 — roughly 275 units of new supply — including the 14-unit project at 3932-36 Mount Vernon St, the 8-unit project at 657 N Preston St, the 10-unit project at 644-46 N 40th 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 116 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 116 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.