Market Insights  /  Northern Liberties
Development Watch · Northern Liberties

625-27 W Girard AveDelivered

49-unit residential new construction, zoned CMX2.

A 49-unit residential building is set to rise at 625-27 W Girard Ave in Northern Liberties, a mid-scale addition to one of the city's busier development corridors. It was cleared to build in Aug 18, 2020.

The 11,363 sq ft site is zoned CMX2, which supports a building on the order of 6 stories by right. Records show the parcel last traded in 2020 for $2.6M. The plans call for for the erection of an attached structure with mixed non-combustible and combustible construction types, to include steel and wood framing installation, spray-fire resistant material installation, rated partition assemblies, rated floor/ceiling assemblies, rated shaft enclosure installation, rated corridors, rated exterior walls, spray-foam insulation installation, type a & b accessible units, green roof installation, accessible ramp, **iecc 2018--additional efficiency package: reduced interior lighting power. separate pa dept of labor & industry permits required for elevator hoistway installation. separate amendment to be required for any proposal of an offstreet parking configuration at the ground flr space #2. separate permits req'd for electrical, plumbing, mechanical, and fire suppression system.** amendment approved as of 03/08/2023: for the changes on basement and first floor as per approved plans. .

The owner of record is 625 West Girard Jv 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, 4 other major projects have broken ground since 2022 — roughly 384 units of new supply — including the 166-unit project at 310 W Girard Ave, the 8-unit project at 1545 N 6th St, the 10-unit project at 1139-41 N 3rd 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?

📄 View the project's plan drawings (PDF)
Schematic massing — illustrative of the ~6-story by-right envelope, not the developer's design.
Units
49
Zoning
CMX2
By-right envelope
~6 stories
Lot
11,363 sq ft
Last sale
$2.6M · 2020
Cleared to build
Aug 18, 2020
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 86 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.

~79buildable units
████████ Street
ICMX · 0.46 mi away
Max bid to a builder $5.4M · Opportunity Score 100
Unlock →
~85buildable units
████████ Street
ICMX · 0.48 mi away
Max bid to a builder $5.8M · Opportunity Score 100
Unlock →
~98buildable units
████████ Street
CMX2 · 0.04 mi away
Max bid to a builder $6.7M · Opportunity Score 100
Unlock →
~113buildable units
████████ Street
CMX3 · 0.44 mi away
Max bid to a builder $7.9M · Opportunity Score 99
Unlock →
~113buildable units
████████ Street
CMX3 · 0.43 mi away
Max bid to a builder $7.9M · Opportunity Score 99
Unlock →
Unlock the 86 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.

166u310 W Girard Ave0.31 mi
8u1545 N 6th St0.33 mi
10u1139-41 N 3rd St0.36 mi
200u1635 N 5th St0.42 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.