4-unit residential new construction, zoned RM1.
A 4-unit residential building is set to rise at 5650 Bloyd St in East Germantown, the kind of by-right infill quietly reshaping the block. It was cleared to build in Jan 26, 2026.
The 1,487 sq ft site is zoned RM1, which supports a building on the order of 3 stories by right. The parcel last changed hands in 2025. The plans call for for the erection of a rear and vertical addition on an existing attached structure and level iii alteration with complete change of occupancy classification to create four (4) dwelling units as per approved plans. building to be fully sprinklered per nfpa 13r. separate permits required for mep & fp work.
The owner of record is Ram Phila Community 15 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, 3 other major projects have broken ground since 2022 — roughly 38 units of new supply — including the 9-unit project at 837 E Chelten Ave, the 20-unit project at 921-23 E Chelten Ave, the 9-unit project at 5522 Sprague 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 98 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 98 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.