6-unit residential new construction, zoned CMX3.
A 6-unit residential building is set to rise at 241 N 10th St in Washington Square & Chinatown, the kind of by-right infill quietly reshaping the block. It was cleared to build in Mar 7, 2024.
The 1,800 sq ft site is zoned CMX3, which supports a building on the order of 4 stories by right. Records show the parcel last traded in 2015 for $225K. The plans call for for the erection of a four (4) story attached structure as per approved plans. for use as six (6) dwelling units and vacant commercial (separate use & occupancy required). structure to be fully sprinklered in accordance with nfpa 13. **separate permits required for mep and fire suppression work.** **2018 ibc**.
The owner of record is Philadelphia Chinatown De. 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, 6 other major projects have broken ground since 2022 — roughly 335 units of new supply — including the 51-unit project at 217 N 9th St, the 31-unit project at 326 N 12th St, the 81-unit project at 225 N 13th 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?
📄 View the project's plan drawings (PDF)As this density arrives, InvestPHL is tracking 162 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 162 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.