Market Insights  /  Brewerytown & Sharswood
Development Watch · Brewerytown & Sharswood

2625 Jefferson StDelivered

27-unit residential new construction, zoned RM1.

A 27-unit, four-story multifamily building at 2625 Jefferson Street has been delivered in Brewerytown, adding to a steady run of mid-scale residential projects on a stretch that continues to densify. The structure includes a roof deck and occupies an 8,978-square-foot lot now owned by On The Park LLC, which acquired the site in 2023. Cleared to build that same March, the project went through an amendment last spring that swapped out a planned PECO vault and community room for utility and storage space—pragmatic adjustments that kept the overall scope intact.

The building rises on RM1 zoning, which permits multifamily by right, and reflects the sort of straightforward infill common to the neighborhood's redevelopment pattern. Plans called for full NFPA 13 sprinklers, standpipes in exit stairs, and a fire alarm system, along with the usual coordination for sidewalk closures and site safety protocols during construction. The design sticks to the fundamentals: no frills, no setbacks, just efficient use of a cleared parcel in a corridor that's seen developer interest ratchet up over the past few years.

This delivery lands among a cluster of similar efforts nearby—16 units at 1525 N Stillman, another 16 at 1503 N 25th, 14 at 1515 N 25th, and smaller projects like the eight-unit building at 2401 Stewart. Together, these add up to 154 units within a half-mile radius, a wave that's remaking formerly underutilized blocks into a coherent residential fabric. On The Park LLC joins a roster of developers betting that Brewerytown's momentum can absorb this kind of volume without stumbling.

The bigger question is whether parcels still sitting vacant or underimproved in the immediate vicinity will follow suit. If they do, the neighborhood's transformation from patchy to built-out accelerates; if they don't, projects like 2625 Jefferson may mark a temporary ceiling rather than a new baseline. For now, the delivery confirms that mid-rise, by-right multifamily remains the dominant development model here—and that appetite for more of the same hasn't yet cooled.

📄 View the project's plan drawings (PDF)
Schematic massing — illustrative of the ~4-story by-right envelope, not the developer's design.
Units
27
Zoning
RM1
By-right envelope
~4 stories
Lot
8,978 sq ft
Last sale
2023
Cleared to build
Mar 23, 2023
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 4 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.

~20buildable units
████████ Street
CMX2.5 · 0.34 mi away
Max bid to a builder $877K · Opportunity Score 59
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~10buildable units
████████ Street
CMX2 · 0.41 mi away
Max bid to a builder $356K · Opportunity Score 37
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~3buildable units
████████ Street
RM1 · 0.46 mi away
Max bid to a builder $87K · Opportunity Score 21
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~5buildable units
████████ Street
ICMX · 0.46 mi away
Max bid to a builder $203K · Opportunity Score 7
Unlock →
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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.

16u1525 N Stillman St0.12 mi
15u1503 N 25th St0.18 mi
16u1503 N 25th St0.18 mi
14u1515 N 25th St0.18 mi
8u2401 Stewart St0.19 mi
16u2408 Stewart St0.19 mi
16u1528 N 24th St0.20 mi
21u1528 N 24th St0.20 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.