24-unit residential new construction, zoned CMX2.
A 24-unit residential building is set to rise at 1701 Fairmount Ave in Fairmount & Art Museum, the kind of by-right infill quietly reshaping the block. It was cleared to build in Dec 16, 2021.
The 9,715 sq ft site is zoned CMX2, which supports a building on the order of 4 stories by right. The parcel last changed hands in 2019. The plans call for new construction of a four (4) story, twenty four (24) family dwelling and two (2) vacant commercial spaces (separate use & occupancy required) with roof decks and roof deck access structures as per approved plans. building to be fully sprinklered per nfpa 13. separate permits required for mep & fire suppression work. *2018 ibc review* **pwd utility plan approval deferred. utility plan approval must be obtained to secure plumbing permits and prior to scheduling of final inspection.** amendment 11/17/22 for the erection of horizontal exit and layout changes. amendment 7/16/24 for the removal of roof deck. .
The owner of record is Daj 1701 Fairmount Partne. 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?
📄 View the project's plan drawings (PDF)As this density arrives, InvestPHL is tracking 98 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 98 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.