Market Insights  /  Fairmount & Art Museum
Development Watch · Fairmount & Art Museum

1822 Ridge AveDelivered

12-unit residential new construction, zoned CMX2.5.

A five-story mixed-use building is under construction at 1822 Ridge Ave in Fairmount, adding 12 residential units above ground-floor commercial space on a 3,477-square-foot lot. The project, cleared to build in May 2022, will include a basement, roof deck, and rooftop access structure, with recent amendments adjusting unit layouts for accessibility compliance. The CMX2.5 zoning allows the building by right, reflecting the city's intent to encourage walkable density along Ridge Avenue's commercial spine.

1820-22 Ridge View LLC took ownership in 2024 and is pushing the development toward delivery after several plan modifications, including a January 2025 interior reconfiguration and a May 2026 update to meet Type A accessibility standards for Unit 2C. The building will be fully sprinklered and requires separate installations for mechanical, electrical, plumbing, and fire suppression systems—a standard approach for new wood-frame multifamily construction in this size range.

This project is part of a steady wave of mid-scale infill shaping the Ridge Avenue corridor between Fairmount and Brewerytown. Nearby developments include 40 units at 2000 Ridge Ave, 17 units at 1633-43 Ridge, and a cluster of smaller projects at 1630-32 and 1638 Ridge. With nearly 240 new units planned or delivered within a half-mile, the neighborhood is seeing sustained interest from developers betting on transit access, proximity to the Art Museum, and strong demand for new rental product in previously underutilized stretches.

Ridge Avenue's evolving landscape suggests that other shallow commercial lots—particularly those with similar CMX2.5 zoning—could follow the same playbook. The formula here is straightforward: five stories, modest unit counts, and ground-floor retail space that may or may not attract tenants immediately but satisfies the zoning envelope. As construction wraps, this site will further test whether the corridor can support the retail programming its zoning anticipates, or whether these ground floors remain dark while residential rents above stabilize.

📄 View the project's plan drawings (PDF)
Schematic massing — illustrative of the ~5-story by-right envelope, not the developer's design.
Units
12
Zoning
CMX2.5
By-right envelope
~5 stories
Lot
3,477 sq ft
Last sale
2024
Cleared to build
May 29, 2022
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 63 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.

~86buildable units
████████ Street
CMX4 · 0.46 mi away
Max bid to a builder $5.9M · Opportunity Score 100
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~75buildable units
████████ Street
CMX4 · 0.44 mi away
Max bid to a builder $5.1M · Opportunity Score 100
Unlock →
~303buildable units
████████ Street
CMX4 · 0.48 mi away
Max bid to a builder $14M · Opportunity Score 99
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~92buildable units
████████ Street
CMX4 · 0.35 mi away
Max bid to a builder $4.4M · Opportunity Score 99
Unlock →
~97buildable units
████████ Street
CMX2.5 · 0.41 mi away
Max bid to a builder $4.6M · Opportunity Score 98
Unlock →
Unlock the 63 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.

17u1633-43 Ridge Ave0.16 mi
8u2008 W Girard Ave0.16 mi
12u1638 Ridge Ave0.18 mi
11u1630-32 Ridge Ave0.19 mi
40u2000 Ridge Ave0.26 mi
19u1412 N 17th St0.29 mi
17u2016 Ridge Ave0.30 mi
13u1435 W Girard Ave0.30 mi
Progress

How this project is moving

Cleared for occupancy ~100% 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.