518 Hartel AveCleared to build

A 67-unit residential building is set to rise at 518 Hartel Ave in Fox Chase & Lawncrest, a mid-scale addition to one of the city's busier development corridors. It was cleared to build in Dec 30, 2021.

The 32,811 sq ft site is zoned CMX1, which supports a building on the order of 4 stories by right. Records show the parcel last traded in 2021 for $2.0M. The plans call for for the erection of a detached structure with interior parking garage. for vacant commercial space on first floor (must occupy 100% of the ground floor street frontage (primary frontage) with a minimum depth of 30') (uses only permitted in cmx-2 that not to require off street parking as per table 14-802-2, use registration permit and fit-out are required prior to occupancy) and for multi-family household living sixty-seven (67) dwelling units and accessory off street interior parking thirty-nine (39) spaces including two (2) accessible spaces (including van accessible space), two (2) electric parking spaces and thirty (30) off street bicycle (class 1a) parking spaces on an accessible route. building to be fully sprinklered. separate permits required for mep & fp work. separate approval required from pa l & i for elevator installation.

The owner of record is 7790 Rockwell Ave LLC. The project's plan drawings are on file — worth a look for anyone underwriting the surrounding block.

For now it stands out on its block — there's little other major development within a half-mile, which makes the surrounding under-built parcels worth a closer look as this density arrives.

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?