50-unit residential new construction, zoned CMX2.5.
A 50-unit residential building is set to rise at 5801 Ridge Ave in Roxborough, a mid-scale addition to one of the city's busier development corridors. It was cleared to build in Jul 1, 2020.
The 18,011 sq ft site is zoned CMX2.5, which supports a building on the order of 4 stories by right. Records show the parcel last traded in 2022 for $17M. The plans call for for the erection of a four (4) story attached structure as per approved plans. for use as fifty-seven (57) dwelling units vacant commercial space, with green roof and parking. structure to be fully sprinklered in accordance with nfpa 13. **separate permits required for mep and fire suppression work.** **2018 ibc** amendment to change special inspection agency.
The owner of record is Ridge Avenue Property 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, 2 other major projects have broken ground since 2022 — roughly 60 units of new supply — including the 10-unit project at 472-74 Roxborough Ave, the 50-unit project at 5542-44 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)As this density arrives, InvestPHL is tracking 25 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 25 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.