15-unit residential new construction, zoned RM1.
A 15-unit building has wrapped at 7037 Ridge Avenue in Roxborough, delivering three stories of residential density on a 12,156-square-foot lot. The structure was cleared to build in mid-2023 and went through a layout amendment early this year before finishing construction. At three stories, it lands comfortably within the RM1 zoning envelope, which allows multifamily by right without special appeals or variance theatrics.
The ownership traces to the Templin Donna Papiro Trust, which acquired the property in 2023—a fast turnaround from purchase to completion that suggests either a shovel-ready plan or a well-oiled development operation. The scope called for full NFPA 13 sprinklers and separate MEP and fire suppression permits, standard stuff for a building of this size under the 2018 IBC. The February amendment covered structural tweaks, insulation upgrades, door changes, and other minor adjustments that don't typically signal major design pivots.
This project lands in a stretch of Ridge Avenue seeing steady multifamily activity, with roughly 95 units delivered or in the works within a half mile. Nearby, an 80-unit building at 6808 Ridge and a 15-unit project at 6712 Ridge have reshaped the corridor's density profile. The pattern is consistent: mid-sized multifamily on parcels large enough to pencil but not so large they scare off local capital.
The completion here underscores the appeal of RM1-zoned sites along Ridge Avenue for developers comfortable working at this scale. With construction costs still elevated, 15-unit buildings offer a manageable risk profile while tapping into Roxborough's commuter demand. Other underused lots in the corridor with similar zoning and street frontage are likely drawing fresh pencils now that comps like this one are delivering tenants.
📄 View the project's plan drawings (PDF)As this density arrives, InvestPHL is tracking 14 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 14 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.