Market Insights  /  Northern Liberties
Development Watch · Northern Liberties

650 Fairmount AveDelivered

0-unit residential new construction, zoned RM2.

600 Fairmount / Citizen Northern LibertiesDeveloperAccurate Builders and Developers (current owner via May Fairmount LLC); previously PRDC PropertiesArchitectISA ArchitectsStatusUnder construction; townhomes built 2023-2026, currently leasing/sellingOfficial site →
Rendering of 650 Fairmount Ave — Permits Issued for 404-Unit Development at 650 Fairmount Avenue in Northern Liberties
Permits Issued for 404-Unit Development at 650 Fairmount Avenue in Northern Liberties
Rendering of 650 Fairmount Ave — 650 Fairmount Ave. Project Well Under Way Under New Ownership
650 Fairmount Ave. Project Well Under Way Under New Ownership
Published renderings · via phillyyimby.com. Shown for informational purposes; rights belong to the original creator.See the source →

A three-story building has been delivered at 650 Fairmount Avenue in Northern Liberties, occupying a modest 733-square-foot lot. The structure sits in an RM2 zone, which typically permits rowhouse-style development by right, and the tight footprint suggests a narrow infill project typical of the neighborhood's tightly gridded blocks along Fairmount's eastern stretch.

The property is owned by Hon Paul Ki Long, who acquired the parcel in 2025. Without unit counts specified, the building could serve residential, mixed-use, or live-work functions—all allowed under RM2 zoning—though the scale points toward a single-family or duplex configuration rather than a larger multifamily play. The lack of nearby major projects within a half-mile radius suggests this is less a response to a concentrated development wave than a standalone initiative in a quieter pocket of Northern Liberties.

The project reflects steady one-off infill activity rather than coordinated district transformation. Northern Liberties has long been a patchwork of older rowhouses, scattered renovations, and opportunistic new construction, and 650 Fairmount fits that pattern. For nearby underutilized parcels, particularly narrow lots with similar zoning, the completion here demonstrates continued appetite for small-scale ground-up development, even in the absence of broader district momentum or adjacent pipeline activity.

Schematic massing — illustrative of the ~3-story by-right envelope, not the developer's design.
Units
—
Zoning
RM2
By-right envelope
~3 stories
Lot
733 sq ft
Last sale
$805K · 2025
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 128 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.

~79buildable units
████████ Street
ICMX · 0.21 mi away
Max bid to a builder $5.4M · Opportunity Score 100
Unlock →
~77buildable units
████████ Street
ICMX · 0.22 mi away
Max bid to a builder $5.3M · Opportunity Score 100
Unlock →
~85buildable units
████████ Street
ICMX · 0.25 mi away
Max bid to a builder $5.8M · Opportunity Score 100
Unlock →
~100buildable units
████████ Street
IRMX · 0.39 mi away
Max bid to a builder $7.0M · Opportunity Score 100
Unlock →
~110buildable units
████████ Street
CMX2.5 · 0.48 mi away
Max bid to a builder $7.6M · Opportunity Score 100
Unlock →
Unlock the 128 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.

55u828-40 N 2nd St0.42 mi
74u502 Wood St0.49 mi
In the news

What we're hearing about this project

Permits issued for 407 residential units in two apartment buildings and townhouses designed by ISA Architects.
New Jersey-based Accurate Builders and Developers purchased the property from PRDC Properties in April 2021.
The 400-unit complex includes a 200-unit mixed-use building with ground floor retail and elevated pool.
Project now called Citizen Northern Liberties by developer Accurate Builders from Lakewood, New Jersey.
Philadelphia project transforms two city blocks with mid-rise mixed-use and low-rise residential buildings.
News items are compiled automatically and may be approximate — verify before relying on them.
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.