14-unit residential new construction, zoned RM1.
A 14-unit residential building is set to rise at 2016 Cambridge St in Fairmount & Art Museum, the kind of by-right infill quietly reshaping the block. It was cleared to build in May 12, 2020.
The 6,428 sq ft site is zoned RM1, which supports a building on the order of 3 stories by right. The parcel last changed hands in 2020. The plans call for for the erection of a new three (3) story detached structure (atop a previously approved foundation under ap#1017884, with a shared roof deck accessed by exterior staircases and elevator headhouse) to be used as group r-2 (fourteen (14) dwelling units (all type b units) @ 1st-3rd flrs w/utilities & storage w/in basement) throughout, as per plans; separate permits required for all mep/fsp work; separate amendment permit required for truss shop drawings prior to installation; building to be fully sprinklred throughout as per nfpa 13r or better; see ap#1013095 for zoning/use approval; pedestrian protection as per 2018 ibc ch33 and l&i code bulletin b-0503-r2.
The owner of record is Daj Corinthian Partners LLC.
It isn't rising in isolation. Within a half-mile, 12 other major projects have broken ground since 2022 — roughly 173 units of new supply — including the 8-unit project at 2008 W Girard Ave, the 12-unit project at 1822 Ridge Ave, the 40-unit project at 2000 Ridge 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?
As this density arrives, InvestPHL is tracking 39 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 39 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.