8-unit residential new construction, zoned RM1.
A 8-unit residential building is set to rise at 5007 Pentridge St in Kingsessing & Cedar Park, the kind of by-right infill quietly reshaping the block. It was cleared to build in Sep 21, 2021.
The 2,400 sq ft site is zoned RM1, which supports a building on the order of 3 stories by right. Records show the parcel last traded in 2021 for $320K. The plans call for for the erection of an attached, three (3) story structure of type vb construction with a basement as per plans. for eight (8) dwelling units with layout as shown on plans. amendment (11/22/2021) amend the special inspections schedule to the relevant agencies as per revised forms. .
The owner of record is Srd Pentridge 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, 2 other major projects have broken ground since 2022 — roughly 27 units of new supply — including the 12-unit project at 4820 Chester Ave, the 15-unit project at 5222 Chester 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 57 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 57 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.