31-unit residential new construction, zoned RM1.
A 31-unit residential building is set to rise at 3037-43 Richmond St in Port Richmond & Kensington, the kind of by-right infill quietly reshaping the block. It was cleared to build in Jan 19, 2021.
The 10,700 sq ft site is zoned RM1, which supports a building on the order of 4 stories by right. Records show the parcel last traded in 2019 for $820K. The plans call for for the erection of an attached four (4) story structure of type va construction with a cellar and roof deck with a roof access structure, structure to contain 31 dwelling units with accessory amenity space and storage. all work as per approved plans. separtate permits required for all mechanical, electrical, plumbing and fire suppression work. amendment (3/15/2021) amend previously approved plans to change the fire suppression system from a nfpa 13 system to a nfpa 13r system.
The owner of record is Richmond Street Holdings LLC.
It isn't rising in isolation. Within a half-mile, 1 other major projects have broken ground since 2022 — roughly 15 units of new supply — including the 15-unit project at 2976 Richmond 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?
Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.