Market Insights  /  University City & Powelton
Development Watch · University City & Powelton

4000-18 Parkside AveCleared to build

16-unit residential new construction, zoned CMX2.

A modest four-story building with 16 units is cleared to build at 4000–18 Parkside Avenue, just off the Parkside Avenue corridor where University City begins to bleed into the western reaches of Fairmount Park. The structure will rise on a 6,938-square-foot lot with Type VA construction, a green roof, and a rooftop access structure for maintenance. The ground floor is being held as vacant commercial space—no tenant lined up yet, and occupancy for that retail slot will require a separate certificate down the line—while the residential units stack above.

Eytan LLC picked up the site in 2018 and is moving forward by right under CMX2 zoning, which allows mixed-use buildings at this scale without special approvals. The lot sits in a part of University City that has seen steady small-scale infill over the past few years, with nearly 185 units either delivered or in the pipeline within a half-mile radius. Nearby projects include an eight-unit building at 1203 N 41st Street, another eight-unit structure at 1221 N 42nd, and a trio of nine-unit developments on North Preston and North 40th—enough to suggest that the area is attracting repeat players comfortable with wood-frame, mid-rise residential.

What's notable here is the ground-floor commercial component, a rarity in this wave of smaller projects that typically run residential from sidewalk to roof. Whether that space eventually lands a café, convenience store, or service tenant will depend on foot traffic and the broader buildout along this stretch of Parkside. The project also underscores how parcels along the park edge—historically underbuilt or commercial-only—are getting a second look as University City's residential footprint pushes west.

The surrounding blocks still hold plenty of single-story commercial strips and surface lots, and if Eytan's project pencils, expect other owners to test similar formulas. The green roof and cellar suggest a developer thinking about amenity and storage in a tight footprint, which could become a template for neighboring sites with similar zoning and lot dimensions.

Schematic massing — illustrative of the ~4-story by-right envelope, not the developer's design.
Units
16
Zoning
CMX2
By-right envelope
~4 stories
Lot
6,938 sq ft
Last sale
$235K · 2018
Cleared to build
Mar 20, 2023
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 66 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.

~38buildable units
████████ Street
RM1 · 0.30 mi away
Max bid to a builder $600K · Opportunity Score 83
Unlock →
~47buildable units
████████ Street
CMX2 · 0.38 mi away
Max bid to a builder $689K · Opportunity Score 80
Unlock →
~47buildable units
████████ Street
CMX2 · 0.38 mi away
Max bid to a builder $783K · Opportunity Score 80
Unlock →
~26buildable units
████████ Street
RM1 · 0.32 mi away
Max bid to a builder $402K · Opportunity Score 74
Unlock →
~20buildable units
████████ Street
RM1 · 0.30 mi away
Max bid to a builder $156K · Opportunity Score 69
Unlock →
Unlock the 66 nearby opportunities →
The block

What else is rising nearby

Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.

8u1203 N 41st St0.08 mi
29u3912 W Girard Ave0.12 mi
8u1221 N 42nd St0.26 mi
9u871 N Preston St0.31 mi
9u871 N Preston St0.31 mi
9u865 N 40th St0.35 mi
10u4129 Ogden St0.37 mi
49u4272 Parkside Ave0.43 mi
Progress

How this project is moving

In permitting ⚠ Status unclear — no recent activity
Estimated from the construction permit sequence — an approximation of stage, not a precise schedule.
Every logged milestone appears here — highlighted ones are the headline stages; the rest track interim construction activity. Checked daily.
Compiled by InvestPHL. Unit counts, scope, and ownership are as recorded and subject to revision; the massing figure is a schematic illustration of the by-right envelope, not the developer's design or a marketing rendering. Verify zoning, status, and title with counsel before acting. InvestPHL does not list, market, or represent any property, buyer, or seller.