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

1617 Brown StDelivered

10-unit residential new construction, zoned RM1.

A 10-unit residential building is set to rise at 1617 Brown St in Fairmount & Art Museum, the kind of by-right infill quietly reshaping the block. It was cleared to build in Nov 17, 2020.

The 3,239 sq ft site is zoned RM1, which supports a building on the order of 4 stories by right. The parcel last changed hands in 2020. The plans call for for the erection of an attached structure with roof deck and associated roof deck access structure as per approved plans. for use as multi-family (10 dwelling units) household living. building to be fully sprinklered. separate permits requuired for m.e.p.s work. a site safety plan will need to be devised submitted to the area building inspector prior to beginning construction.

The owner of record is Beli, LLC. 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 374 units of new supply — including the 11-unit project at 1630-32 Ridge Ave, the 12-unit project at 1638 Ridge Ave, the 17-unit project at 1633-43 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?

📄 View the project's plan drawings (PDF)
Schematic massing — illustrative of the ~4-story by-right envelope, not the developer's design.
Units
10
Zoning
RM1
By-right envelope
~4 stories
Lot
3,239 sq ft
Last sale
2020
Cleared to build
Nov 17, 2020
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 98 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 · 0.25 mi away
Max bid to a builder $5.9M · Opportunity Score 100
Unlock →
~114buildable units
████████ Street
CMX4 · 0.46 mi away
Max bid to a builder $8.0M · Opportunity Score 100
Unlock →
~75buildable units
████████ Street
CMX4 · 0.25 mi away
Max bid to a builder $5.1M · Opportunity Score 100
Unlock →
~70buildable units
████████ Street
CMX3 · 0.37 mi away
Max bid to a builder $4.9M · Opportunity Score 100
Unlock →
~303buildable units
████████ Street
CMX4 · 0.23 mi away
Max bid to a builder $14M · Opportunity Score 99
Unlock →
Unlock the 98 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.

11u1630-32 Ridge Ave0.08 mi
12u1638 Ridge Ave0.09 mi
17u1633-43 Ridge Ave0.12 mi
12u1822 Ridge Ave0.26 mi
20u689-95 N Broad St0.28 mi
49u918 N Broad St0.28 mi
13u1435 W Girard Ave0.29 mi
70u915-23 N Broad St0.32 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.