5001 Umbria StDelivered

A 125-unit residential building is set to rise at 5001 Umbria St in Roxborough, one of the larger new-construction projects underway in Philadelphia this cycle. It was cleared to build in Dec 9, 2021.

The 85,859 sq ft site is zoned ICMX, which supports a building on the order of 5 stories by right. The parcel last changed hands in 2021. The plans call for new construction of a five (5) story structure (umbria building) to include vacant commercial space (use registration & fit-out permits required prior to occupancy), fifty-three (53) dwelling units and accessory parking garage as per approved plans. building to utilize horizontal separations to create two (2) separate buildings with two (2) different construction types (basement & 1st floor - type ia and 2nd through 5th floors - type va). building to be fully sprinklered per nfpa 13 & 13 r and include standpipes per nfpa 14. fire watch required per code bulletin f-2001. *2018 ibc review* **separate permits required for mep & fire suppression work** amendment approved 2/27/23 amend new construction permit cp-2021-004644 to remove basement area, add horizontal exit and change dprc-si/special inspections agency as per approved plans and documentation.

The owner of record is 5001 Umbria Partners LLC. 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?