5-unit residential new construction, zoned RM1.
A 5-unit residential building is set to rise at 2000 Spring Garden St in Fairmount & Art Museum, the kind of by-right infill quietly reshaping the block. It was cleared to build in Dec 17, 2021.
The 3,150 sq ft site is zoned RM1, which supports a building on the order of 3 stories by right. Records show the parcel last traded in 2019 for $1.4M. The plans call for new construction of a three (3) story, five (5) family dwelling with roof deck and roof deck access structure as per approved plans. building to be fully sprinklered per nfpa 13r. separate permits required for mep & fire suppression work. *2018 ibc review* amendment to include underpinning. amendment 9/26/23 to include helical piles. amendment 4/1/25 to include partition/layout changes. .
The owner of record is 2000 Spring Garden LLC. The project's plan drawings are on file — worth a look for anyone underwriting the surrounding block.
For now it stands out on its block — there's little other major development within a half-mile, which makes the surrounding under-built parcels worth a closer look as this density arrives.
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 45 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 45 nearby opportunities →