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

1633-43 Ridge AveUnder construction

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

A 17-unit mixed-use building cleared to build at 1633-43 Ridge Avenue brings another five-story project to the densifying ridge between Fairmount and Poplar. Ridge View LLC, which picked up the 4,755-square-foot site in 2019, is erecting a Type III-A structure with ground-floor commercial shell space and residential above, topped by a roof deck. The construction is using fire-retardant-treated wood framing on the exterior walls, and the building will be fully sprinklered with standpipes in the stairwells. Recent amendments tackled tricky underpinning work—complicated by a high water table—along with reconfiguring the basement to add a laundry room and installing horizontal exits that required upgrading wall and floor assemblies to two-hour fire ratings.

The lot sits in CMX2.5 zoning, which makes the five-story, by-right envelope fairly straightforward along this stretch of Ridge. One complication surfaced mid-construction: a CMU stabilization wall had to be built to shore up the adjacent structure at 1632 Poplar Street, addressing violations tied to an unsafe condition next door. That kind of adjacent-property headache isn't uncommon on infill parcels where older rowhouses lean on each other, and it's now been addressed with a dedicated amendment.

This project slots into a steady wave of mid-rise residential hitting the immediate area—1638 Ridge Avenue (12 units), 1630-32 Ridge (11 units), and 1822 Ridge (12 units) are all within a short walk, while a 49-unit building at 918 North Broad and a 13-unit project at 1435 West Girard Avenue round out nearly 300 new units landing within half a mile. The pattern is clear: Ridge Avenue's commercial corridor is doubling as a residential spine, taking advantage of zoning that encourages mixed-use and walkable density without the political friction of rezoning battles.

The commercial shell space on the ground floor remains unbuilt—it'll require a separate fit-out and certificate of occupancy down the line—but the flexibility built into the CMX2.5 framework means future retail, office, or service tenants have options. As more similar-scale projects deliver along Ridge, the question isn't whether more parcels will turn over, but how quickly owners of the remaining single-story commercial strips decide to cash out or build up themselves.

📄 View the project's plan drawings (PDF)
Schematic massing — illustrative of the ~5-story by-right envelope, not the developer's design.
Units
17
Zoning
CMX2.5
By-right envelope
~5 stories
Lot
4,755 sq ft
Last sale
$875K · 2019
Cleared to build
Dec 29, 2023
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 88 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 · 0.30 mi away
Max bid to a builder $5.9M · Opportunity Score 100
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~75buildable units
████████ Street
CMX4 · 0.28 mi away
Max bid to a builder $5.1M · Opportunity Score 100
Unlock →
~70buildable units
████████ Street
CMX3 · 0.47 mi away
Max bid to a builder $4.9M · Opportunity Score 100
Unlock →
~303buildable units
████████ Street
CMX4 · 0.33 mi away
Max bid to a builder $14M · Opportunity Score 99
Unlock →
~92buildable units
████████ Street
CMX4 · 0.23 mi away
Max bid to a builder $4.4M · Opportunity Score 99
Unlock →
Unlock the 88 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.

12u1638 Ridge Ave0.03 mi
11u1630-32 Ridge Ave0.04 mi
12u1822 Ridge Ave0.16 mi
13u1435 W Girard Ave0.21 mi
49u918 N Broad St0.23 mi
70u915-23 N Broad St0.28 mi
8u2008 W Girard Ave0.31 mi
19u1412 N 17th St0.36 mi
Progress

How this project is moving

Interior systems ~64% 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.