16-unit residential new construction, zoned RM1.
A 16-unit residential building is set to rise at 5729 Lindbergh Blvd in Kingsessing & Cedar Park, the kind of by-right infill quietly reshaping the block. It was cleared to build in Dec 13, 2021.
The 7,507 sq ft site is zoned RM1, which supports a building on the order of 5 stories by right. Records show the parcel last traded in 2018 for $70K. The plans call for for the erection of a detached four (4) story structure of type va construction with a cellar as per plans. for 16 dwelling units with layout as shown. .
The owner of record is Bsk Ph Realty Holding LLC.
It isn't rising in isolation. Within a half-mile, 4 other major projects have broken ground since 2022 — roughly 59 units of new supply — including the 17-unit project at 2639 S 58th St, the 15-unit project at 2639 S 58th St, the 14-unit project at 2639 S 58th 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?
As this density arrives, InvestPHL is tracking 145 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 145 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.