Market Insights  /  Fairmount & Art Museum
Development Watch · Fairmount & Art Museum

2616 W Girard AveDelivered

14-unit residential new construction, zoned CMX2.5.

A 14-unit residential building is set to rise at 2616 W Girard Ave in Fairmount & Art Museum, the kind of by-right infill quietly reshaping the block. It was cleared to build in Jan 25, 2019.

The 4,000 sq ft site is zoned CMX2.5, which supports a building on the order of 6 stories by right. The parcel last changed hands in 2018. The plans call for new construction of five (5) story above grade plane, w. storage/utility basement & assembly roof deck, mixed-use multi-family building of fire retardant treated wood exterior wall & non-combustible sheathing w/ engineererd shear wall, structural lower level framing, & shallow concrete construction (including underpinning) per approved plans; bldg for be fully srinklered per nfpa 13. separate permit req'd for fit-out of 1st flr vacant commercial space & any mech., elec., plumb., & firesupp work. all means of pedestrian protection to be in place prior to start of work. all underpinning work to be continuously inspected by approved special inspection agency - adjoining property owners to be notified of any excavation adjacent to their properties a minium of ten (10) days prior to the start of such excavation work.

The owner of record is 2616 W Girard 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, 12 other major projects have broken ground since 2022 — roughly 192 units of new supply — including the 40-unit project at 909 N 26th St, the 8-unit project at 2413 W Thompson St, the 8-unit project at 2403 W Thompson 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
14
Zoning
CMX2.5
By-right envelope
~6 stories
Lot
4,000 sq ft
Last sale
2018
Cleared to build
Jan 25, 2019
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 7 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.

~58buildable units
████████ Street
ICMX · 0.19 mi away
Max bid to a builder $2.7M · Opportunity Score 78
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~18buildable units
████████ Street
RM1 · 0.36 mi away
Max bid to a builder $690K · Opportunity Score 67
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~20buildable units
████████ Street
CMX2.5 · 0.09 mi away
Max bid to a builder $877K · Opportunity Score 59
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~10buildable units
████████ Street
CMX2 · 0.09 mi away
Max bid to a builder $356K · Opportunity Score 37
Unlock →
~3buildable units
████████ Street
RM1 · 0.37 mi away
Max bid to a builder $87K · Opportunity Score 21
Unlock →
Unlock the 7 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.

40u909 N 26th St0.07 mi
8u2413 W Thompson St0.23 mi
8u2403 W Thompson St0.24 mi
16u2408 Stewart St0.33 mi
27u2625 Jefferson St0.34 mi
8u2401 Stewart St0.35 mi
15u1503 N 25th St0.40 mi
16u1503 N 25th St0.40 mi
Progress

How this project is moving

Cleared for occupancy ⚠ Status unclear — no recent activity
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.