10-unit residential new construction, zoned RM1.
A 10-unit residential building is set to rise at 1338 N 15th St in Brewerytown & Sharswood, the kind of by-right infill quietly reshaping the block. It was cleared to build in Dec 23, 2019.
The 4,300 sq ft site is zoned RM1, which supports a building on the order of 4 stories by right. The parcel last changed hands in 2019. The plans call for for the erection of a four (4) story plus cellar structure, to contain ten (10) residential dwelling units from cellar - fourth floor with private roof deck's (accessed by private pilot houses(to contain stairs and landings only) per enclosed plans. structure to be erected on previously issued foundation per foundation permit ap#1016548.
The owner of record is Balboa Building 15th LP.
It isn't rising in isolation. Within a half-mile, 12 other major projects have broken ground since 2022 — roughly 294 units of new supply — including the 21-unit project at 1421 N 17th St, the 19-unit project at 1412 N 17th St, the 13-unit project at 1435 W Girard 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?
As this density arrives, InvestPHL is tracking 46 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 46 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.