170-unit residential new construction, zoned ICMX.
A 170-unit residential building is set to rise at 2202 E Somerset St in Port Richmond & Kensington, one of the larger new-construction projects underway in Philadelphia this cycle. It was cleared to build in Dec 22, 2021.
The site is zoned ICMX, which supports a building on the order of 6 stories by right. Records show the parcel last traded in 2021 for $4.2M. The plans call for new construction of a six (6) story structure (bldg 2) with common roof deck and pilot houses for use as shell commercial space (use registration & fit-out permits required prior to occupancy) and one hundred seventy (170) dwelling units with 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 6th floors - type iiia). building to include horizontal exit. fire retardant treated studs and sheathing required for type iii construction. building to be fully sprinklered per nfpa 13 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 4/25/26 amend new construction permit cp-2021-006048 for removal of roof deck, changes to building layout & exterior wall openings and changes to structural framing as per approved plans. separate amended permit required to submit truss drawings for review and approval prior to installation. .
The owner of record is Somerset Street Station LLC.
It isn't rising in isolation. Within a half-mile, 6 other major projects have broken ground since 2022 — roughly 320 units of new supply — including the 47-unit project at 2855 Janney St, the 26-unit project at 2626 Trenton Ave, the 146-unit project at 2001 E Lehigh 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 29 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 29 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.