34-unit residential new construction, zoned CMX2.
A 34-unit residential building is set to rise at 360 W Mount Pleasant Ave in Mount Airy, the kind of by-right infill quietly reshaping the block. It was cleared to build in Dec 7, 2021.
The 18,382 sq ft site is zoned CMX2, which supports a building on the order of 5 stories by right. The parcel last changed hands in 2020. The plans call for new construction mixed-use development comprised of a non-combustible ground structure of type ia construction with a four story of wood framed type va structure on top and separated by three hour fired rated assemble. the ground floor structure is one story of commercial retail space at street level and one story of parking below. there are 34 total residential units and 29 total parking spaces proposed. all work as per plans. .
The owner of record is Bgsp LP.
It isn't rising in isolation. Within a half-mile, 1 other major projects have broken ground since 2022 — roughly 66 units of new supply — including the 66-unit project at 309 W Mount Pleasant 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?
As this density arrives, InvestPHL is tracking 14 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 14 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.