42-unit residential new construction, zoned CMX2.
A 42-unit residential building is set to rise at 6435-45 Media St in Overbrook, a mid-scale addition to one of the city's busier development corridors. It was cleared to build in Dec 21, 2021.
The 16,700 sq ft site is zoned CMX2, which supports a building on the order of 4 stories by right. Records show the parcel last traded in 2023 for $575K. The plans call for for a new construction mixed-use building with 2 commerical spaces at the ground level with 42 residential units above. to included 17 ground level parking spaces along with 14 bike parking spaces and a common access roof deck. building to be fully sprinklered. separate approval required for m.e.p.s work. separate approval required from pa l&i for elevator installation. horizontal exits proposed from 2nd to 4th floor as per approved plans.
The owner of record is Media Flats LLC. 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 55 units of new supply — including the 55-unit project at 6441 Lansdowne Ave. 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 104 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 104 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.