60-unit mixed-use new construction, zoned CMX2.
A 60-unit mixed-use building is set to rise at 124-30 S 51st St in West Philadelphia, a mid-scale addition to one of the city's busier development corridors. It was cleared to build in Dec 2, 2021.
The 11,616 sq ft site is zoned CMX2, which supports a building on the order of 6 stories by right. Records show the parcel last traded in 2018 for $500K. The plans call for for the erection of an attached structure, with a roof deck accessed by two pilot house and elevator(for residential use only), for use as sixty(60) dwelling units with accessory parking for eighteen(18) vehicles including one ada van accessiable space and twenty(20) bicylce spaces on an accessiable route. separate approval required for mep & sp work. separate approval required from pa l&i for elevator installation. horizontal exits are provided from 2nd to 6th floors as per approved plans.
The owner of record is Grand View Development Ll. 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 170 units of new supply — including the 170-unit project at 301 S 48th 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 73 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 73 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.