7127 Keystone StDelivered

A 96-unit residential building is set to rise at 7127 Keystone St in Tacony & Wissinoming, a mid-scale addition to one of the city's busier development corridors. It was cleared to build in Nov 1, 2021.

The 43,560 sq ft site is zoned IRMX, which supports a building on the order of 5 stories by right. The parcel last changed hands in 2022. The plans call for for the erection of one(1) semi-detached structure with roof deck and balconies. for a vacant commercial use ( use registration permit required prior to occupancy) at the first floor in the same building with multi-family household living [ninety six (96) dwelling units] from second floor through fifth floor with thirty-five (35) accessory parking spaces (including two van accessible spaces and two spaces wired for electrical vehicles) and with forty-nine (49) bicycles spaces on an accessible route at the first floor. building to be fully sprinklered. separate approval required for m.e.p.s work. separate approval required from pa l&i for elevator installation. horizontal exits to be provided from 2nd to 5th floors as per approved plans. amendment to include minor changes to the floor layout and building envolope as per approved amended plans.

The owner of record is 7127 Keystone Holdings LP. The project's plan drawings are on file — worth a look for anyone underwriting the surrounding block.

For now it stands out on its block — there's little other major development within a half-mile, which makes the surrounding under-built parcels worth a closer look as this density arrives.

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?