145-unit residential new construction, zoned IRMX.
A 145-unit residential building is set to rise at 2152 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 49,830 sq ft site is zoned IRMX, which supports a building on the order of 6 stories by right. The parcel last changed hands in 2024. The plans call for new construction of a six (6) story structure with common roof deck and pilot houses for use as one hundred forty-five (145) 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**.
The owner of record is Somerset Street Station LLC. The project's plan drawings are on file — worth a look for anyone underwriting the surrounding block.
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?
📄 View the project's plan drawings (PDF)As this density arrives, InvestPHL is tracking 31 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 31 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.