29-unit residential new construction, zoned CMX2.
A 29-unit residential building is set to rise at 1951 Point Breeze Ave in Girard Estates & Newbold, the kind of by-right infill quietly reshaping the block. It was cleared to build in Dec 12, 2019.
The 10,357 sq ft site is zoned CMX2, which supports a building on the order of 4 stories by right. Records show the parcel last traded in 2019 for $500K. The plans call for for the erection of a detached structure with vacant commercial space on the groud floor- and multi family living above (29) units floor 2-4. (13) accessory parking spots with one van accessible and (9) bike spaces. structure to also feature a roof deck accessible by a pilot house and balconies on floors 2-4--size and location as shown on attached plans.
The owner of record is Ira Development LLC.
It isn't rising in isolation. Within a half-mile, 1 other major projects have broken ground since 2022 — roughly 20 units of new supply — including the 20-unit project at 2901 Snyder 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 99 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 99 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.