49-unit residential new construction, zoned CMX3.
A 49-unit residential building is set to rise at 456 N 5th St in Northern Liberties, a mid-scale addition to one of the city's busier development corridors. It was cleared to build in Jun 11, 2019.
The 330,480 sq ft site is zoned CMX3, which supports a building on the order of 4 stories by right. The parcel last changed hands in 2019. The plans call for for the erection of a four (4) story structure of type va construction with roof decks and roof deck access structures. roof decks are for individual dwelling units. for use as three (3) vacant commercial spaces and 49 dwelling units and common roof deck at areas at the 2nd floor level. separate permit required for mep and fire suppression work. entire building to be fully sprinklered per nfpa 13.see bbs variance case no. 37096 for variance granted for no hose connections at the highest landing of stairways with stairway access to a roof. amendment as of 5/22/2020: revise the foundation design and structural drawings as per approved plans. amend permit on 5/19/21to update the layout and access point for the bike room and add a larger package room to the lobby. amend permit on 9/22/21 to reflect as-built conditions that include layout changes to the first floor lobby/mail/package room area and second floor single use bathroom, the addition of a gas fireplace in the second floor amenity room, and a modification to the electrical room in the basement. all changes are bubbled and tagged for clarity. .
The owner of record is Terra Funding Sono LLC.
It isn't rising in isolation. Within a half-mile, 9 other major projects have broken ground since 2022 — roughly 517 units of new supply — including the 74-unit project at 502 Wood St, the 75-unit project at 416-24 Vine St, the 85-unit project at 230-36 Vine 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.