Market Insights  /  Graduate Hospital & Point Breeze
Development Watch · Graduate Hospital & Point Breeze

2732 Manton StDelivered

9-unit residential new construction, zoned RM1.

A nine-unit, three-story multifamily building has been delivered at 2732 Manton Street, adding another dose of middle-density infill to the Graduate Hospital and Point Breeze borderlands. The project, developed by Ervest Group LLC on a 2,531-square-foot lot, was cleared to build in June 2024 and is fully sprinklered. It's a straightforward attached building designed to squeeze the most out of RM1 zoning, which permits this kind of development by right.

Ervest Group acquired the site in 2024 and moved quickly to vertical construction, reflecting the kind of timeline that smaller developers can execute when the zoning already allows for density. The building replaces whatever previously occupied the parcel, and its nine units contribute to a steady, if unspectacular, pipeline of new housing in this stretch where Graduate Hospital's momentum meets Point Breeze's slower-moving transformation.

The project lands in a half-mile radius that has added roughly 65 units in recent years, including a 16-unit building at 1111 South 24th Street and a much larger 49-unit development at 1348 South 32nd Street. Manton Street itself has seen scattered infill, but nothing approaching the intensity of blocks closer to the Schuylkill or along major north-south corridors. This delivery suggests that even quieter residential streets with RM1 zoning are fair game for modestly scaled rental or condo plays, particularly when land trades hands at prices that pencil for nine units rather than a single conversion.

What the Ervest project underscores is that underused parcels in this zone—vacant lots, aging garages, deteriorated row homes—remain viable targets for similar mid-rise infill. The question for surrounding blocks is whether owners of similar-sized lots will follow suit, or whether fragmented ownership and the cost of assemblage keep development confined to one-off plays like this one.

📄 View the project's plan drawings (PDF)
Schematic massing — illustrative of the ~3-story by-right envelope, not the developer's design.
Units
9
Zoning
RM1
By-right envelope
~3 stories
Lot
2,531 sq ft
Last sale
2024
Cleared to build
Jun 14, 2024
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 42 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.

~285buildable units
████████ Street
ICMX · 0.29 mi away
Max bid to a builder $17M · Opportunity Score 100
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~285buildable units
████████ Street
ICMX · 0.29 mi away
Max bid to a builder $17M · Opportunity Score 100
Unlock →
~116buildable units
████████ Street
RM1 · 0.45 mi away
Max bid to a builder $6.6M · Opportunity Score 98
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~47buildable units
████████ Street
IRMX · 0.29 mi away
Max bid to a builder $2.6M · Opportunity Score 80
Unlock →
~33buildable units
████████ Street
CMX1 · 0.49 mi away
Max bid to a builder $1.9M · Opportunity Score 78
Unlock →
Unlock the 42 nearby opportunities →
The block

What else is rising nearby

Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.

16u1111 S 24th St0.35 mi
49u1348 S 32nd St0.42 mi
Progress

How this project is moving

Cleared for occupancy ~100% complete
Estimated from the construction permit sequence — an approximation of stage, not a precise schedule.
Every logged milestone appears here — highlighted ones are the headline stages; the rest track interim construction activity. Checked daily.
Compiled by InvestPHL. Unit counts, scope, and ownership are as recorded and subject to revision; the massing figure is a schematic illustration of the by-right envelope, not the developer's design or a marketing rendering. Verify zoning, status, and title with counsel before acting. InvestPHL does not list, market, or represent any property, buyer, or seller.