8-unit residential new construction, zoned CMX2.
A 8-unit residential building is set to rise at 617 S 24th St in Graduate Hospital & Point Breeze, the kind of by-right infill quietly reshaping the block. It was cleared to build in Apr 23, 2021.
The site is zoned CMX2, which supports a building on the order of 5 stories by right. The plans call for prelimanry review ap#1023743: proposed building to include one commercial unit for fresh food market at ground floor and 8 dwelling units (level 1-5), roof deck with pilot house for residential use only, accessed via elevator and stairs. amendment (2/25/2023): for new opening in basement party wall as per plans. amendment (3/26/2025): for the removal of the standby power to the elevator, the installation of horizontal exits, and the installation of 2 hour rated assemblies. size and location as shown in the amended plans.
The owner of record is 617 South 24th St 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, 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?
📄 View the project's plan drawings (PDF)As this density arrives, InvestPHL is tracking 56 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 56 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.