Market Insights  /  Graduate Hospital & Point Breeze
Development Watch · Graduate Hospital & Point Breeze

1308 S Capitol StDelivered

8-unit residential new construction, zoned RSA5.

A 8-unit residential building is set to rise at 1308 S Capitol St in Graduate Hospital & Point Breeze, the kind of by-right infill quietly reshaping the block. It was cleared to build in Sep 15, 2020.

The 780 sq ft site is zoned RSA5, which supports a building on the order of 3 stories by right. The parcel last changed hands in 2020. The plans call for **amendment dated 4/14/2021 to add detail for shoring of adjacent property 1316 s capitol street** for the erection of a new three (3) story attached structure to be used as group r-2 (eight (8) dwelling units; four (4) accessible units at ground floor), as per plans; separate permits required for all mep/fsp work; building to be fully sprinklered as per nfpa 13; amended permits required for wood truss manufacturers' shop drawings and design calculations; see ap#908683 for zoning/use permit; pedestrian protection required as per 2018 ibc ch33; air barrier, duct & envelope testing checklist/certificate to be completed prior to final inspection.

The owner of record is Community Justice Land Trust.

It isn't rising in isolation. Within a half-mile, 1 other major projects have broken ground since 2022 — roughly 16 units of new supply — including the 16-unit project at 1111 S 24th 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?

Schematic massing — illustrative of the ~3-story by-right envelope, not the developer's design.
Units
8
Zoning
RSA5
By-right envelope
~3 stories
Lot
780 sq ft
Last sale
2020
Cleared to build
Sep 15, 2020
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 33 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.

~285buildable units
████████ Street
ICMX · 0.38 mi away
Max bid to a builder $17M · Opportunity Score 100
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~285buildable units
████████ Street
ICMX · 0.38 mi away
Max bid to a builder $17M · Opportunity Score 100
Unlock →
~116buildable units
████████ Street
RM1 · 0.23 mi away
Max bid to a builder $6.6M · Opportunity Score 98
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~47buildable units
████████ Street
IRMX · 0.49 mi away
Max bid to a builder $2.6M · Opportunity Score 80
Unlock →
~33buildable units
████████ Street
CMX1 · 0.37 mi away
Max bid to a builder $1.8M · Opportunity Score 78
Unlock →
Unlock the 33 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.

16u1111 S 24th St0.37 mi
Progress

How this project is moving

Cleared for occupancy ~100% complete
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.