22-unit residential new construction, zoned RM1.
A 22-unit residential building is set to rise at 2523-41 N Fairhill St in Fairhill, the kind of by-right infill quietly reshaping the block. It was cleared to build in Dec 8, 2021.
The 8,384 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 $290K. The plans call for new construction of a four (4) story building for use as twenty-two (22) dwelling units as per approved plans. building to be fully sprinklered per nfpa 13 and include standpipes per nfpa 14. *2018 ibc review* **separate permits required for mep & fire suppression work** amendment approved 3/26/24 amend new construction permit cp-2021-005518 for changes to basement and first floor levels to include mechanical changes and removal of basement stop from elevator as per approved plans. .
The owner of record is Fairhill Lofts 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, 9 other major projects have broken ground since 2022 — roughly 171 units of new supply — including the 16-unit project at 715 W Cumberland St, the 64-unit project at 300 W Huntingdon St, the 9-unit project at 2300-10 Germantown 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?
📄 View the project's plan drawings (PDF)As this density arrives, InvestPHL is tracking 178 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 178 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.