2201 E Tioga StUnder construction

A four-story, 51-unit apartment building is under way at 2201 E Tioga Street in Port Richmond, occupying a sizable 31,295-square-foot lot just off Frankford Avenue. The project, owned by Sepviva Lofts LLC, cleared regulatory hurdles in mid-2025 and is now moving forward with ground-floor parking and three floors of residential above. Recent amendments have shuffled the first-floor layout and added a green roof, fine-tuning what will be one of the larger infill multifamily plays in this stretch of the neighborhood.

The site sits in an ICMX zone, where four-story residential is allowed by right, making this a straightforward development without the need for variances or rezoning fights. The building is being fully sprinklered and includes standpipes, reflecting the scale and density of the project. With no roof deck planned—just a roof access structure—the design appears to prioritize cost efficiency over amenities, a common trade-off in this price-sensitive submarket.

Sepviva Lofts LLC picked up the parcel in 2024, timing the acquisition to capitalize on Port Richmond's slow but steady migration of investor interest. Notably, there are no other major residential projects within a half-mile, suggesting this is a lone bet on an area still finding its footing rather than part of a coordinated development wave. The lack of nearby activity could mean opportunity or risk, depending on how quickly the neighborhood's fundamentals improve.

If this project pencils out, the site's outsized lot and by-right zoning could serve as a template for similar conversions or assemblages along the Frankford corridor, where industrial parcels and underused commercial strips remain plentiful. Whether other developers follow Sepviva's lead will likely hinge on absorption and rent performance once these 51 units hit the market.