8-unit residential new construction, zoned RSA5.
A 8-unit residential building is set to rise at 3915 Ridge Ave in Strawberry Mansion, the kind of by-right infill quietly reshaping the block. It was cleared to build in Nov 4, 2020.
The 3,149 sq ft site is zoned RSA5, which supports a building on the order of 3 stories by right. Records show the parcel last traded in 2022 for $2.1M. The plans call for for the erection of an attached light-framed structure to include engineered braced wall configuration, spray-foam roof assembly insulation installation, fire rated partition walls and shaft enclosure assemblies, rated opening protectives, and balcony structures. (ibc 2018) **separate permits to be required for mechanical, electrical, plumbing, and fire suppression system installations.**.
The owner of record is Mega Investments LLC.
It isn't rising in isolation. Within a half-mile, 1 other major projects have broken ground since 2022 — roughly 10 units of new supply — including the 10-unit project at 3422 W Clearfield 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?
As this density arrives, InvestPHL is tracking 15 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 15 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.