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

1823 Callowhill StDelivered

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

A 57-unit residential building is set to rise at 1823 Callowhill St in Fairmount & Art Museum, a mid-scale addition to one of the city's busier development corridors. It was cleared to build in Oct 20, 2020.

The 13,767 sq ft site is zoned CMX2.5, which supports a building on the order of 7 stories by right. The parcel last changed hands in 2021. The plans call for for the erection of a seven story detached structure of type ia construction on the ground and second floor and type iiib constrcution above with a three hour fire rated assemble above the second floor creating separate buildings. for vacant commercial spaces onthe ground floor. separate permits required for fit out and certificate of occupancy. for a total of 57 dwelling units. all work as shown on plans. separate permits required for all mechanical, electrical, plumbing and fire suppression work. amendment (5/12/2023) to revise design of balacon railing as per plans. amendment (1/1/2023) to revise electrical vault and door schedule as per revised plans. amendment (12/6/2021) amendment of construction documents to reflect a change in construction methods. site built construction. .

The owner of record is 1823 Callowhill Assoc 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, 1 other major projects have broken ground since 2022 — roughly 23 units of new supply — including the 23-unit project at 1314-32 Spring Garden 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 ~7-story by-right envelope, not the developer's design.
Units
57
Zoning
CMX2.5
By-right envelope
~7 stories
Lot
13,767 sq ft
Last sale
2021
Cleared to build
Oct 20, 2020
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 83 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.

~114buildable units
████████ Street
CMX4 · 0.48 mi away
Max bid to a builder $8.0M · Opportunity Score 100
Unlock →
~98buildable units
████████ Street
CMX4 · 0.45 mi away
Max bid to a builder $6.7M · Opportunity Score 100
Unlock →
~291buildable units
████████ Street
CMX4 · 0.46 mi away
Max bid to a builder $14M · Opportunity Score 99
Unlock →
~291buildable units
████████ Street
CMX4 · 0.46 mi away
Max bid to a builder $14M · Opportunity Score 99
Unlock →
~110buildable units
████████ Street
CMX4 · 0.24 mi away
Max bid to a builder $5.2M · Opportunity Score 99
Unlock →
Unlock the 83 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.

23u1314-32 Spring Garden St0.49 mi
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.