50-unit residential new construction, zoned CMX3.
A 50-unit residential building is set to rise at 2935-65 N 2nd St in Fairhill, a mid-scale addition to one of the city's busier development corridors. It was cleared to build in Apr 15, 2019.
The 27,250 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 2019 for $680K. The plans call for new construction of a four (4) story building to include nine (9) surface parking spaces (including one (1) van accessible space); ten (10) class 1a bicycle parking spaces and a residential lobby,offices,utilities,common rooms,library and medical suite on the first floor and fifty (50) dwelling units age restricted (60 years old +) as per approved plans. building to be fully sprinklered. **separate permits required for mep & fire suppression work**.
The owner of record is Casa Indiana LLC.
It isn't rising in isolation. Within a half-mile, 1 other major projects have broken ground since 2022 — roughly 64 units of new supply — including the 64-unit project at 300 W Huntingdon 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 80 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 80 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.