Philadelphia
- Entitled units
- 30
- Price
- $3,000,000
- Per unit
- $100,000
- Year
- 2023
Land & Development
A site is worth what you can build on it.
Land does not price off comparable dirt. It prices off the unit count you can entitle, the timeline to get there, and what the finished product will trade for. That is the math we run.
What we do
Land acquisition
We find and underwrite sites for developers against what can actually be built and sold on them.
Land disposition
We sell sites to the builders best placed to pay for their full entitled potential.
Entitlement and re-zoning strategy
We map the path from the current zoning to the highest unit count the site can realistically support.
Development advisory
We pressure-test the product, the unit mix and the exit before the first shovel goes in.
Entitlement wins
2601 Poplar Street
Taken from a 23-townhome plan to more than 100 units.
Land, per entitled unit
| Location | Entitled units | Price | Per unit | Year |
|---|---|---|---|---|
| Philadelphia | 30 | $3,000,000 | $100,000 | 2023 |
| Fishtown | 55 | $3,200,000 | $58,181 | 2022 |
| North Broad Street | 67 | $3,100,000 | $46,268 | 2021 |
Fishtown
- Entitled units
- 55
- Price
- $3,200,000
- Per unit
- $58,181
- Year
- 2022
North Broad Street
- Entitled units
- 67
- Price
- $3,100,000
- Per unit
- $46,268
- Year
- 2021
Agent PHL transactions, as publicly reported at closing. Per-unit figures are calculated from the reported sale price and unit count.
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