4442 Ridge AveDelivered

A 136-unit residential building is set to rise at 4442 Ridge Ave in East Falls, one of the larger new-construction projects underway in Philadelphia this cycle. It was cleared to build in Dec 31, 2020.

The 31,466 sq ft site is zoned CMX3, which supports a building on the order of 6 stories by right. The parcel last changed hands in 2021. The plans call for amendment 2: for the amendment of previously approved permit cp-2020-004329 to document change in layout as shown per approved plans and documentation. if field conditions vary contact stuctural engineer prior to the start of any work. separate permits to be obtained for all other work. amendment 1: for the amendment of previously approved permit cp-2020-004329 to document shoring plans sealed by professional engineer. if field conditions contact design engineer prior to the start of any work. original: for the erection of a six story structure for use use as vacant commercial space at first floor frontage ( ridge ave frontage) (use registration permit/certificate of occupancy required prior to occupancy) and multi-family (136 units) household living from the second through sixth floor level to include accessory parking from the basement to the first floor level. structure composed of two different construction types: basement-first floor level is type ia construction, with level 2 through level 6 is type iiia construction. building to be fully sprinklered in accordance with nfpa 13 and stanpipes to be provided in exit stairways per npfa 14. proposed dead end corridor condition approved under bbs variance no. mi-2020-002765. all work to be done per appoved plans. if field conditions vary contact design engineer prior to the start of any work. **a covered walkway or sidewalk closure shall be required within 18 feet of the building facade in accordance with section 3306 of the 2018 ibc. separate building and/or streets department permit required prior to the start of any work.*** fire watch is required once combustible construction is over 40 feet in height, a site safety plan shall be submited to building inspector prior to the start of any construction.*** **separate permits required for mep & fire suppression work**.

The owner of record is Ridge Ave Partners LLC. The project's plan drawings are on file — worth a look for anyone underwriting the surrounding block.

For now it stands out on its block — there's little other major development within a half-mile, which makes the surrounding under-built parcels worth a closer look as this density arrives.

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?