BKP Development Group

What BKP Development Group does

BKP Development Group is a Philadelphia-based, minority-owned real estate development firm founded in 2015 by Bryheim Murray and Kyle Easley. The company acquires, develops, and operates residential and mixed-use properties across multiple Philadelphia neighborhoods, with a portfolio exceeding one million square feet in various stages of development. Its product mix spans single-family homes (Fawn Street, Locust Street, Taney, Flora Row), small-to-mid multifamily buildings (The Cecil, Chester Apartments, 5521 Wayne, Mantua Yards, 521 North, Stiles), and large-scale mixed-use and adaptive reuse projects (Glenwood, a 140,000-square-foot textile factory conversion; the Parkway Project, a 214-room hotel plus 600-unit residential scheme with cultural anchors). Projects target urban revitalization, mixed-income housing, and adaptive reuse of historic structures.

The firm operates without proprietary technology, APIs, or AI systems; its competitive differentiation is mission-driven and relationship-based rather than technological. BKP generates revenue through development fees, property sales, and leasing across multifamily rental income, for-sale residential units, commercial/retail leasing, and hospitality revenue from hotel projects. Pricing is project- and unit-specific and not publicly disclosed. Go-to-market is direct-to-consumer, combining an internal sales/leasing team with an Instagram presence, company website, and earned media in outlets such as 6abc, WHYY, Architectural Record, and Philly YIMBY.

Customer segments include mixed-income residential buyers and tenants, young professionals near university districts, local businesses and artists seeking affordable workspace, and community/institutional partners (The Enterprise Center, AAMP, Parkway Central Library). Strategic partnerships, particularly the August 2023 selection as part of the National/Frontier team for the Benjamin Franklin Parkway redevelopment, position BKP within the civic real-estate ecosystem alongside larger developers, though it remains a very small private LLC with 1-10 employees and no disclosed institutional funding.

Name

BKP Development Group

Legal name

BKP Development Group LLC

Website

https://bkpdg.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

BKP Development Group is a Philadelphia-based, minority-owned real estate development firm founded in 2015 that acquires, builds, and operates mixed-use, multifamily, and single-family projects across Philadelphia neighborhoods, serving mixed-income residents, local businesses, and community institutions.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Land Subdivision (23721), Land Subdivision (2372), Residential Remodelers (236118), Real Estate Property Managers (53131)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industries

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC), Community Development & Neighborhood Revitalization (CDBG, Place-Based Initiatives) (BPAIANAE)

Keywords

• Real estate development
• Mixed-use developments
• Multifamily housing
• Urban revitalization
• Adaptive reuse projects

Headquarters

HQ city

Philadelphia

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Supply Chain

Revenue model

1. Real Estate Development: BKP generates revenue through development fees, property sales, and leasing activities. The firm acquires properties, develops them into residential and commercial spaces, and either sells completed units or leases them to tenants. Revenue streams include multifamily rental income, for-sale residential units, commercial/retail leasing, and hospitality revenue from hotel projects.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

BKP Development Group acquires, develops, and operates real estate properties in Philadelphia, focusing on mixed-use, multifamily residential, and single-family residential developments. The firm emphasizes urban revitalization, mixed-income housing, and adaptive reuse of historic buildings across Philadelphia neighborhoods including Germantown, Fishtown, Cedar Park, West Powelton, Mantua, and the Benjamin Franklin Parkway area.

Product overview

BKP Development Group is a Philadelphia-based real estate development firm offering a diversified portfolio of residential and mixed-use developments. The company's product portfolio spans multiple property types: large-scale mixed-use projects (Parkway Project with hotel, residential, museum, and library components; Glenwood industrial conversion), multifamily apartment buildings (5521 Wayne with 50 units, The Cecil with 20 units, Chester Apartments with 6 units, 521 North with 6 units, Mantua Yards with 24 units, Stiles with 2 units), and single-family residential properties (Fawn Street, Locust Street, Taney, Flora Row). Projects are located across Philadelphia neighborhoods including Germantown, Fishtown, Cedar Park, West Powelton, Mantua, University City, Washington Square West, Spruce Hill, and Brewerytown, with a focus on urban revitalization and mixed-income housing.

Differentiator

Problem solved

Functional benefit

Products and services

• Parkway Project A major mixed-use development along the Benjamin Franklin Parkway comprising two sites: 1801 Vine Street (adaptive reuse of Family Court Building into a 214-room hotel with restaurant, bar, and event space) and 1901 Wood Street (ground-up development with 600-unit residential apartments, library annex, African American Museum, and underground parking garage).
• Glenwood A 140,000-square-foot former textile factory acquired in 2023, being transformed into a dynamic hub for local businesses and artists with office spaces designed to foster community growth.
• 5521 Wayne A 42,000-square-foot new construction development in Germantown featuring 50 residential units and ground-floor retail, acquired by BKP in 2021.
• The Cecil A 23,000-square-foot vertical community in Fishtown with 20 residential units, ground-floor retail, rooftop deck, and second-floor dog park designed for modern urban living.
• Chester Apartments A six-unit multi-family development in Cedar Park featuring four one-bedroom and two two-bedroom units, with top-floor units including private roof decks.
• 521 North A boutique apartment building with six residential units designed to accommodate young professionals, located in the West Powelton community near Drexel University and University of Pennsylvania.
• Mantua Yards A 24-unit development in Philadelphia's Mantua neighborhood offering 10% affordable units and a green roof, situated near University City's academic and innovation district.
• Market Village (4628 Market RFP) A proposal in University City that aims to unite community and nature while providing housing and workforce office space for The Enterprise Center, pursuing LEED certification with focus on energy efficiency and sustainability.
• Stiles West Stiles Street development consisting of 2 residential units designed for group-style living near Temple University, developed to accommodate young professionals seeking modern city living.
• Fawn Street A 3-bedroom, 2.5-bath single-family home in the historic Washington Square West neighborhood, combining classic architectural elements with modern functionality.
• Locust Street A renovated 4-bedroom, 2.5-bath home with off-street parking located in Spruce Hill, combining modern upgrades with historic character near University of Pennsylvania.
• Taney A stunningly rehabbed 3 bedroom, 2.5 bathroom corner home in Brewerytown offering elegantly minimalist vibes with boutique hotel quality.
• Flora Row An urban infill development containing two single-family row home renovations, carefully designed to fully transform the homes while maintaining the original exterior.

Quantifiable outcome

• Over 1 million square feet of property in development portfolio

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered flagship and core.

• National/Frontier (Development Team)flagshipStrategic or Co-development Partner · 1 August 2023Philadelphia announced National/Frontier as the development team for reimagining two sites along the Benjamin Franklin Parkway. BKP is involved in the Parkway Project which encompasses these sites, working on the Family Court Building hotel conversion and 1901 Wood Street mixed-use development.
• The Enterprise CentercoreStrategic or Co-development PartnerThe Enterprise Center is the beneficiary organization for the Market Village (4628 Market RFP) project. BKP's proposal provides vital housing and workforce office space for The Enterprise Center in University City, with focus on affordable, durable, and efficient design solutions.
• African American Museum of Philadelphia (AAMP)flagshipStrategic or Co-development PartnerThe AAMP is an integral component of the Parkway Project at 1901 Wood Street, where BKP is developing a site with residential apartments, library annex, museum space, and parking garage. The museum will be included as a key cultural destination in the mixed-use development.
• Parkway Central LibraryflagshipStrategic or Co-development PartnerThe Parkway Central Library will receive an annex building as part of the 1901 Wood Street development in the Parkway Project. This partnership supports the cultural and educational infrastructure of the Benjamin Franklin Parkway area.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Others

• Cinnaire: Philadelphia-headquartered CDFI and LIHTC syndicator actively financing affordable and mixed-income development in the same market where BKP develops; key ecosystem participant rather than direct builder-competitor.
• The Enterprise Center: Philadelphia minority business development organization that is BKP's named partner/beneficiary on the Market Village project; comparable as a fellow minority-led Philadelphia community-development institution rather than a developer competitor.

Broad incumbents

• Pennrose: National, mission-driven multifamily and mixed-income developer with deep Philadelphia presence and substantially larger development pipeline and capital base than BKP.
• Mission First Housing Group: Mid-Atlantic nonprofit affordable-housing developer overlapping directly with BKP's mixed-income and adaptive-reuse mission, particularly in Philadelphia neighborhoods.
• The Michaels Organization: One of the largest U.S. affordable and mixed-income housing developers, founded in the Philadelphia region; representative of scaled incumbents BKP competes against for institutional capital and large RFPs.

Direct peers

• OCF Realty: Active Philadelphia-based residential and mixed-use developer featured in BKP's own press coverage; competes for the same urban infill and adaptive-reuse opportunities.
• SHIFT Capital: Philadelphia-based minority-led real estate development firm focused on equitable neighborhood revitalization and mixed-income housing - direct mission and geography match to BKP.
• National/Frontier: BKP's named development partner on the Parkway Project; minority-led firm doing large urban mixed-use redevelopments, representing the closest collaboration-level peer in Philadelphia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Instagraminstagram.com/bkpdevelopmentgroup
• Facebookfacebook.com/bkpdg
• LinkedInlinkedin.com/company/bkp-development-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BKP Development Group