Market Insights  /  Northern Liberties
Development Watch · Northern Liberties

1300 Fairmount AveDelivered

460-unit residential new construction, zoned CMX4.

BroadridgeDeveloperRAL Development ServicesArchitectCope Linder ArchitectsStatusOpened May 15, 2021, currently leasingOfficial site →
Rendering of 1300 Fairmount Ave — Leasing Begins at Broadridge, By the Unit or By the Room
Leasing Begins at Broadridge, By the Unit or By the Room
Rendering of 1300 Fairmount Ave — Now Living: Broadridge Residents Move In
Now Living: Broadridge Residents Move In
Published renderings · via phillymag.com. Shown for informational purposes; rights belong to the original creator.See the source →

A 460-unit mixed-use project has been delivered at 1300 Fairmount Ave, a 2.6-acre site in Northern Liberties that sits just south of the neighborhood's traditional core. The development rises three stories—likely a cluster of low-rise buildings rather than a single structure—and includes a ground-floor grocery store fronting Ridge Avenue. The grocery tenant required structural modifications for a freezer slab and loading-dock adjustments, suggesting a full-service operator rather than a convenience format. The site is zoned CMX4, which permits the density by right, no variance needed.

1300 Fairmount LLC acquired the parcel in 2017 and was cleared to build in March 2020, threading the needle just as the pandemic arrived. The grocery component stands out in an area where ground-floor retail has historically skewed toward bars and boutiques; locking in a supermarket this size likely required pre-leasing well before construction wrapped. The choice to keep the buildings low and spread across the lot reflects the zoning envelope and may have simplified phasing or financing compared to a high-rise alternative.

The project lands in the middle of a steady build-out along the Ridge Avenue and North Broad corridors, with 358 units in nearby developments including a 119-unit building at 619-29 N Broad and a 70-unit project at 915-23 N Broad. Most of those are taller, denser infill on tighter lots; 1300 Fairmount's roomier footprint and grocery anchor position it as a different product type within the same wave. The delivery adds meaningful household count to a stretch that has seen consistent but measured growth over the past half-decade.

With this site now built out, attention turns to remaining surface lots and single-story commercial strips along Fairmount and Spring Garden, particularly parcels west of Broad where CMX zoning still permits similar density. The grocery lease here proves the market can support neighborhood-serving retail at scale, which may embolden developers sitting on assemblages nearby to pursue mixed-use rather than residential-only schemes.

📄 View the project's plan drawings (PDF)
Schematic massing — illustrative of the ~3-story by-right envelope, not the developer's design.
Units
460
Zoning
CMX4
By-right envelope
~3 stories
Lot
112,742 sq ft
Last sale
$8.0M · 2017
Cleared to build
Mar 3, 2020
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 150 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.

~86buildable units
████████ Street
CMX4 · 0.11 mi away
Max bid to a builder $5.9M · Opportunity Score 100
Unlock →
~114buildable units
████████ Street
CMX4 · 0.27 mi away
Max bid to a builder $8.0M · Opportunity Score 100
Unlock →
~75buildable units
████████ Street
CMX4 · 0.14 mi away
Max bid to a builder $5.1M · Opportunity Score 100
Unlock →
~98buildable units
████████ Street
CMX4 · 0.34 mi away
Max bid to a builder $6.7M · Opportunity Score 100
Unlock →
~79buildable units
████████ Street
ICMX · 0.37 mi away
Max bid to a builder $5.4M · Opportunity Score 100
Unlock →
Unlock the 150 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.

20u689-95 N Broad St0.05 mi
24u1315 Ridge Ave0.12 mi
119u619-29 N Broad St0.16 mi
70u915-23 N Broad St0.31 mi
23u1314-32 Spring Garden St0.31 mi
49u918 N Broad St0.32 mi
11u1630-32 Ridge Ave0.36 mi
12u1638 Ridge Ave0.37 mi
In the news

What we're hearing about this project

RAL Development Services completed Broadridge, a 478-unit apartment community at 1300 Fairmount Ave spanning 305,000 square feet within a 14-story building.
The building offers 331 studio, one- and two-bedroom traditional apartments ranging from 388 to 1,172 square feet, plus co-living options.
RAL Development Services officially opened Broadridge on Saturday May 15, 2021.
The 14-story, 185-foot-tall building includes an ALDI supermarket and parking garage, with construction breaking ground in September 2018 and topping out in July 2020.
The mixed-use project includes a 58,700-square-foot ALDI supermarket and a Chesterbrook Academy daycare center on the second floor.
News items are compiled automatically and may be approximate — verify before relying on them.
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.