4912 Griscom StCleared to build

A 44-unit residential building is set to rise at 4912 Griscom St in Frankford & Juniata, a mid-scale addition to one of the city's busier development corridors. It was cleared to build in Aug 25, 2026.

The 25,216 sq ft site is zoned RM1, which supports a building on the order of 3 stories by right. The parcel last changed hands in 2024. The plans call for new construction of a three-story building for use as forty-four (44) dwelling units as per approved plans. building to be fullysprinklered per nfpa 13. amended permit required for truss drawing submission and approval prior to installation. *2021 ibc review* **separate permits required for mep & fire suppression work**.

The owner of record is Project Home. 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 148 units of new supply — including the 16-unit project at 4814-18 Griscom St, the 132-unit project at 5113 Frankford 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?