60-unit residential new construction, zoned RM1.
A 60-unit residential building is set to rise at 4460 Fairmount Ave in University City & Powelton, a mid-scale addition to one of the city's busier development corridors. It was cleared to build in Jun 10, 2019.
The 62,222 sq ft site is zoned RM1, which supports a building on the order of 3 stories by right. The parcel last changed hands in 2019. The plans call for for the erection of a three (3) story wood framed detached structure with accessory free-standing building identification sign per approved plans. building to be sprinklered throughout in accordance with nfpa 13. for use as a personal care home with sixty (60) dwelling units. separate permit required for installation of floor and roof trusses. separate permits required for mechanical, electrical, plumbing, and fire suppression work.
The owner of record is Francis House On Fairmoun.
It isn't rising in isolation. Within a half-mile, 12 other major projects have broken ground since 2022 — roughly 283 units of new supply — including the 20-unit project at 716 N 43rd St, the 31-unit project at 4324 Lancaster Ave, the 8-unit project at 4401 Holden 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?
As this density arrives, InvestPHL is tracking 89 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 89 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.