7-unit residential new construction, zoned CMX3.
A 7-unit residential building is set to rise at 5429 Market St in West Philadelphia, the kind of by-right infill quietly reshaping the block. It was cleared to build in Jun 24, 2025.
The 2,086 sq ft site is zoned CMX3, which supports a building on the order of 3 stories by right. Records show the parcel last traded in 2023 for $10K. The plans call for for the construction of an attached structure with cellar. for use as multi-family (7 unit) household living with two (2) off street accessory parking spaces. size and location as per plans. ****************** separate permits required for plumbing, electrical and hvac work. **************************************** 09/25/25 amendment: amend permit to change special inspector from earth engineering to viking engineers. .
The owner of record is 5426-28 Market Str Development Group LLC. The project's plan drawings are on file — worth a look for anyone underwriting the surrounding block.
For now it stands out on its block — there's little other major development within a half-mile, which makes the surrounding under-built parcels worth a closer look as this density arrives.
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 75 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 75 nearby opportunities →