Market Insights  /  Rittenhouse
Development Watch · Rittenhouse

115 S 19th StUnder construction

265-unit residential new construction, zoned CMX5.

Harper SquareDeveloperPearl PropertiesArchitectDAS Architecture and PlanningStatusSpring 2028
Rendering of 115 S 19th St — Developer Lands $173M In Construction Financing For Philly's Tallest Apartment Building
Developer Lands $173M In Construction Financing For Philly's Tallest Apartment Building
Rendering of 115 S 19th St — PEA and CounterpointeSRE Close Financing for Harper Square Tower, Pennsylvania's Largest C-PACE Project to Date
PEA and CounterpointeSRE Close Financing for Harper Square Tower, Pennsylvania's Largest C-PACE Project to Date
Published renderings · via bisnow.com. Shown for informational purposes; rights belong to the original creator.See the source →

A 20-story tower is under way at 115 S 19th Street in Rittenhouse, an unusually tall residential project on a site measuring just 76 square feet—essentially a sliver lot that's been engineered to push vertical density to an extreme. The parcel sits in a CMX5 zone, where the height is permitted by right, and 19s Partners LLC has owned the property since 2022. Details on unit count and specific programming remain unclear, but the ambition is obvious: extract maximum value from a constrained footprint in one of the city's most desirable submarkets.

The timing reflects sustained confidence in Rittenhouse's resilience as a landing spot for buyers willing to pay top dollar for location and amenities, even as other neighborhoods have absorbed larger condo inventories over the past few years. This tower joins a modest but steady trickle of infill projects that fill in the neighborhood's quieter blocks, often on lots that sat dormant for years because assembly wasn't feasible or economics didn't pencil out until recently.

What's notable here is the willingness to go 20 stories on such a constrained site—a bet that engineering costs and logistical headaches are worth it when the alternative is leaving prime Rittenhouse dirt undeveloped. If this pencils, it sets a template for other oddball parcels nearby that have long been written off as too small or too complicated to build on. Expect more developers to take a second look at leftover slivers if this one delivers without drama.

📄 View the project's plan drawings (PDF)
Schematic massing — illustrative of the ~30-story by-right envelope, not the developer's design.
Units
265
Zoning
CMX5
By-right envelope
~30 stories
Lot
76 sq ft
Last sale
2022
Cleared to build
Apr 9, 2021
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 58 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.

~89buildable units
████████ Street
CMX3 · 0.42 mi away
Max bid to a builder $5.2M · Opportunity Score 99
Unlock →
~43buildable units
████████ Street
RM1 · 0.44 mi away
Max bid to a builder $2.4M · Opportunity Score 98
Unlock →
~372buildable units
████████ Street
CMX5 · 0.33 mi away
Max bid to a builder $6.3M · Opportunity Score 98
Unlock →
~372buildable units
████████ Street
CMX5 · 0.37 mi away
Max bid to a builder $6.3M · Opportunity Score 98
Unlock →
~308buildable units
████████ Street
CMX5 · 0.34 mi away
Max bid to a builder $5.2M · Opportunity Score 97
Unlock →
Unlock the 58 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.

84u1813 Ranstead St0.10 mi
121u2012-14 Chestnut St0.13 mi
In the news

What we're hearing about this project

Pearl Properties secured $173 million in financing for Harper Square, a 267-unit luxury tower expected to be the tallest apartment rental building in Philadelphia at over 500 feet.
The 45-story building at 113-119 South 19th Street will include 267 units with 75% featuring balconies and is expected to deliver in spring 2028.
Harper Square received $60 million in C-PACE financing for the 362,000-square-foot, 45-story tower that will be the city's tallest apartment building at 500 feet.
Demolition of buildings at 113-119 South 19th Street began in 2024 for Harper Square, which Pearl Properties says will be completed by 2027.
A commenter reported that sitework for Harper Square started mid-December 2025 with foundation footers being poured.
News items are compiled automatically and may be approximate — verify before relying on them.
Progress

How this project is moving

Interior systems ~64% 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.