5-unit residential new construction, zoned RM1.
A 5-unit residential building is set to rise at 2431 W Thompson St in Brewerytown & Sharswood, the kind of by-right infill quietly reshaping the block. It was cleared to build in May 25, 2023.
The 2,690 sq ft site is zoned RM1, which supports a building on the order of 3 stories by right. The parcel last changed hands in 2022. The plans call for for the erection of an attached structure. for use as five dwelling units. building to be fully sprinklered. separate permits required for mep and fp work.
The owner of record is Mbwf Homes 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, 12 other major projects have broken ground since 2022 — roughly 184 units of new supply — including the 8-unit project at 2413 W Thompson St, the 8-unit project at 2403 W Thompson St, the 16-unit project at 2408 Stewart 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 7 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 7 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.