7-unit residential new construction, zoned RM1.
A 7-unit residential building is set to rise at 7506r Chelwynde Ave in Eastwick, the kind of by-right infill quietly reshaping the block. It was cleared to build in Sep 8, 2026.
The 4,030 sq ft site is zoned RM1, which supports a building on the order of 4 stories by right. The parcel last changed hands in 1985. The plans call for for new construction of an attached four-story building for use as multi-family household living (seven dwelling units). building to be fully sprinklered with nfpa 13. separate permits required for mechanical, electrical, plumbing and fire suppression.
The owner of record is Lock James M. 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, 2 other major projects have broken ground since 2022 — roughly 64 units of new supply — including the 19-unit project at 7513 Dicks Ave, the 45-unit project at 2604 Island Ave. 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 243 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 243 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.