0-unit residential new construction, zoned RM2.


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.
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.
Unlock the 128 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.