Market Insights  /  Old City & Society Hill
Development Watch · Old City & Society Hill

223 S 6th StUnder construction

10-unit residential new construction, zoned CMX4.

A 10-unit residential building is set to rise at 223 S 6th St in Old City & Society Hill, the kind of by-right infill quietly reshaping the block. It was cleared to build in Oct 29, 2021.

The 8,950 sq ft site is zoned CMX4, which supports a building on the order of 11 stories by right. The plans call for for partial demolition of existing structure, new construction of high-rise addition to remaining building, for 10 new dwelling units with interior trash storage, 20 underground automated valet parking spaces accessed by randolph street only, roof decks and balconies per plans. building to be fully sprinklered. separate permits required for m.e.p.s work. separate approval required from pa l&i for elevator installation. amendment to reduce number of dwelling units to nine (9) units, reduce height, layout and egress modifications as shown in approved plans. amendment to reduce number of dwelling units to eight (8) units, changes to the floor layout and egress modifications with associated structural changes as shown in approved plans. .

The owner of record is 223 S 6th St Development LLC. 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, 4 other major projects have broken ground since 2022 — roughly 191 units of new supply — including the 157-unit project at 419 Bainbridge St, the 9-unit project at 608 S American St, the 15-unit project at 825 Bainbridge 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)
Schematic massing — illustrative of the ~11-story by-right envelope, not the developer's design.
Units
10
Zoning
CMX4
By-right envelope
~11 stories
Lot
8,950 sq ft
Cleared to build
Oct 29, 2021
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 64 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.

~163buildable units
████████ Street
RM1 · 0.29 mi away
Max bid to a builder $12M · Opportunity Score 99
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~151buildable units
████████ Street
RM1 · 0.49 mi away
Max bid to a builder $12M · Opportunity Score 99
Unlock →
~104buildable units
████████ Street
RM1 · 0.42 mi away
Max bid to a builder $7.6M · Opportunity Score 98
Unlock →
~286buildable units
████████ Street
CMX5 · 0.16 mi away
Max bid to a builder $4.8M · Opportunity Score 97
Unlock →
~286buildable units
████████ Street
CMX5 · 0.16 mi away
Max bid to a builder $4.7M · Opportunity Score 97
Unlock →
Unlock the 64 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.

157u419 Bainbridge St0.39 mi
9u608 S American St0.44 mi
15u825 Bainbridge St0.45 mi
10u713-15 S Mildred St0.47 mi
Progress

How this project is moving

Life-safety systems ~78% 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.