2621-23 Jefferson StDelivered

A 9-unit residential building is set to rise at 2621-23 Jefferson St in Brewerytown & Sharswood, the kind of by-right infill quietly reshaping the block. It was cleared to build in Jun 28, 2021.

The 2,853 sq ft site is zoned RM1, which supports a building on the order of 4 stories by right. Records show the parcel last traded in 2021 for $450K. The plans call for new construction of a four (4) story building with roof deck and roof deck access structures for use as a nine (9) family dwelling as per approved plans. building to utilize mixed income housing bonus. building to be fully sprinklered and include standpipes. *2018 ibc review* **separate permits required for mep & fire suppression work** *amendment approved 8/30/21 to remove basement living space, revise structural drawing, and revised units at first floor.

The owner of record is Srd Jefferson 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, 12 other major projects have broken ground since 2022 — roughly 173 units of new supply — including the 27-unit project at 2625 Jefferson St, the 16-unit project at 1525 N Stillman St, the 15-unit project at 1503 N 25th 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?