17-unit residential new construction, zoned RMX3.
A 17-unit residential building is set to rise at 2639 S 58th St in Kingsessing & Cedar Park, the kind of by-right infill quietly reshaping the block. It was cleared to build in Jun 4, 2025.
The 124,280 sq ft site is zoned RMX3, which supports a building on the order of 3 stories by right. The parcel last changed hands in 2025. The plans call for new construction of a two (2) story building (building 5) for use as a community center & five (5) dwelling units as per approved plans. building to utilize modular construction for residential portion. building to be fully sprinklered. *2018 ibc review* **separate permits required for mep & fire suppression work**.
The owner of record is Philadelphia Housing Authority. 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 104 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 104 nearby opportunities →