45-unit mixed-use new construction, zoned RSA5.
A 45-unit mixed-use building is set to rise at 5200 Chester Ave in Kingsessing & Cedar Park, a mid-scale addition to one of the city's busier development corridors. It was cleared to build in Sep 1, 2021.
The 24,864 sq ft site is zoned RSA5, which supports a building on the order of 4 stories by right. Records show the parcel last traded in 2018 for $325K. The plans call for new construction of a four (4) story, forty-five (45) family dwelling with common roof decks & pilot houses as per approved plans. building to be fully sprinklered per nfpa 13 and include standpipes per nfpa 14. *2018 ibc review* **separate permits required for mep & fire suppression work**.
The owner of record is Chester Avenue Holdings L.
It isn't rising in isolation. Within a half-mile, 2 other major projects have broken ground since 2022 — roughly 27 units of new supply — including the 15-unit project at 5222 Chester Ave, the 12-unit project at 4820 Chester 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?
As this density arrives, InvestPHL is tracking 87 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 87 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.