Market Insights  /  Fairmount & Art Museum
Development Watch · Fairmount & Art Museum

1503 Brandywine StDelivered

12-unit residential new construction, zoned RM1.

A 12-unit residential building is set to rise at 1503 Brandywine St in Fairmount & Art Museum, the kind of by-right infill quietly reshaping the block. It was cleared to build in Oct 6, 2020.

The 4,016 sq ft site is zoned RM1, which supports a building on the order of 3 stories by right. The parcel last changed hands in 2020. The plans call for for the erection of a four (4) story attached structure as per approved plans. for use as twelve (12) dwelling units with three (3) accessory parking spaces. structure to be fully sprinklered in accordance with nfpa 13. **separate permits required for mep and fire suppression work.** **2018 ibc** **amendment to inlcude revised layout ans details as shown in plans.** **amendment for underpinning per approved plans**.

The owner of record is Brandywine Apartments LLC.

It isn't rising in isolation. Within a half-mile, 9 other major projects have broken ground since 2022 — roughly 338 units of new supply — including the 119-unit project at 619-29 N Broad St, the 23-unit project at 1314-32 Spring Garden St, the 24-unit project at 1315 Ridge 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?

Schematic massing — illustrative of the ~3-story by-right envelope, not the developer's design.
Units
12
Zoning
RM1
By-right envelope
~3 stories
Lot
4,016 sq ft
Last sale
2020
Cleared to build
Oct 6, 2020
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 151 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.

~86buildable units
████████ Street
CMX4 · 0.34 mi away
Max bid to a builder $5.9M · Opportunity Score 100
Unlock →
~114buildable units
████████ Street
CMX4 · 0.15 mi away
Max bid to a builder $8.0M · Opportunity Score 100
Unlock →
~75buildable units
████████ Street
CMX4 · 0.37 mi away
Max bid to a builder $5.1M · Opportunity Score 100
Unlock →
~98buildable units
████████ Street
CMX4 · 0.18 mi away
Max bid to a builder $6.7M · Opportunity Score 100
Unlock →
~110buildable units
████████ Street
CMX2.5 · 0.34 mi away
Max bid to a builder $7.6M · Opportunity Score 100
Unlock →
Unlock the 151 nearby opportunities →
The block

What else is rising nearby

Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.

119u619-29 N Broad St0.14 mi
23u1314-32 Spring Garden St0.19 mi
24u1315 Ridge Ave0.22 mi
20u689-95 N Broad St0.23 mi
31u326 N 12th St0.42 mi
11u1630-32 Ridge Ave0.43 mi
12u1638 Ridge Ave0.44 mi
17u1633-43 Ridge Ave0.47 mi
Progress

How this project is moving

Cleared for occupancy ~100% complete
Estimated from the construction permit sequence — an approximation of stage, not a precise schedule.
Every logged milestone appears here — highlighted ones are the headline stages; the rest track interim construction activity. Checked daily.
Compiled by InvestPHL. Unit counts, scope, and ownership are as recorded and subject to revision; the massing figure is a schematic illustration of the by-right envelope, not the developer's design or a marketing rendering. Verify zoning, status, and title with counsel before acting. InvestPHL does not list, market, or represent any property, buyer, or seller.