1513-17 Ridge AveDelivered

A 8-unit residential building is set to rise at 1513-17 Ridge Ave in Fairmount & Art Museum, the kind of by-right infill quietly reshaping the block. It was cleared to build in Jul 17, 2019.

The 2,979 sq ft site is zoned CMX2.5, which supports a building on the order of 5 stories by right. Records show the parcel last traded in 2017 for $441K. The plans call for for the erection of a five story structure comprised of type ia construction for the ground floor level and type va construction for second floor and above. building for use as accessory storage in the basement level, with a vacant commercial space with residential amenities (separate use permit and fitout required prior to occupancy) on the basement through first floor level with eight (8) dwelling units (type b) from the second through fifth floor level. building to contain roof deck accessed by two separate roof deck access structures accessed by residential occupants only. building has an elevator, making the structure fully accessible. building to be fully sprinklered in accordance with nfpa 13 with stanpipes to be provide in exit stairways per nfpa 14. application granted per bbs variance no.36709. all work to be done per approved plans. if field conditions vary contact design engineer prior to the start of any work. separate permits to be obtained for all other work.a covered walkway or sidewalk closure shall be required within 14 feet of the building façade in accordance with section 3306 of the 2009 ibc. separate building and/or streets department permit required prior to the start of any work.

The owner of record is Sdg 1513-1517 Ridge Ave L. 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 378 units of new supply — including the 11-unit project at 1630-32 Ridge Ave, the 12-unit project at 1638 Ridge Ave, the 17-unit project at 1633-43 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?