4-unit residential new construction, zoned CMX1.
A 4-unit residential building is set to rise at 2554 Ridge Ave in Brewerytown & Sharswood, the kind of by-right infill quietly reshaping the block. It was cleared to build in Oct 26, 2026.
The 3,108 sq ft site is zoned CMX1, which supports a building on the order of 4 stories by right. The parcel last changed hands in 2016. The plans call for new construction of a four (4) story building with cellar and private roof deck with pilot house for use as a shell commercial space (use registration & fit-out permits required prior to occupancy) and four (4) dwelling units as per approved plans. building to be fully sprinklered per nfpa 13 and include standpipes per nfpa 14. *2018 ibc review* **separate permits required for mep & fire suppression work**.
The owner of record is Tran Jerry. The project's plan drawings are on file — worth a look for anyone underwriting the surrounding block.
It isn't rising in isolation. Within a half-mile, 12 other major projects have broken ground since 2022 — roughly 211 units of new supply — including the 8-unit project at 2400 W Montgomery Ave, the 16-unit project at 1525 N Stillman St, the 46-unit project at 2800 Diamond St. 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?
📄 View the project's plan drawings (PDF)As this density arrives, InvestPHL is tracking 10 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 10 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.