46-unit residential new construction, zoned RSA5.
A 46-unit residential building is set to rise at 1148 S Broad St in Graduate Hospital & Point Breeze, a mid-scale addition to one of the city's busier development corridors. It was cleared to build in Jul 9, 2020.
The 16,443 sq ft site is zoned RSA5, which supports a building on the order of 5 stories by right. The parcel last changed hands in 2024. The plans call for new construction of a five story structure for use as multi-family dwelling (46 total units) with offices and community center on the first floor and accessory surface parking area as per approved plans. building to be fully sprinklered per nfpa 13 and include standpipes per nfpa 14. first floor and basement to be of type ia construction and type va construction above per horizontal building separation allowance, section 510.2 of 2018 ibc. *2018 ibc* **separate permits required for mep & fire suppression work* amendment - 10/24/20 to amend permit cp-2020-000668 to convert perimeter foundation walls from poured concrete to cmu as per approved revised plans. amendment - 12/3/20 to amend permit cp-2020-000668 to revise parking layout as per approved revised plans. .
The owner of record is National Shrine Of Saint Rita Of Cascia . 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, 3 other major projects have broken ground since 2022 — roughly 64 units of new supply — including the 10-unit project at 1116 S 12th St, the 9-unit project at 757 S 15th St, the 45-unit project at 614 S 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 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.
Unlock the 66 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.