8-unit residential new construction, zoned RM1.
A 8-unit residential building is set to rise at 812 N 16th St in Fairmount & Art Museum, the kind of by-right infill quietly reshaping the block. It was cleared to build in Sep 27, 2019.
The 2,802 sq ft site is zoned RM1, which supports a building on the order of 4 stories by right. The parcel last changed hands in 2019. The plans call for for the erection of an attached structure with roof access structure for use as multifamily household living (8 dwelling units) with roof deck above the fourth floor level accessed by pilot house.including underpinning within this application. building to be fully sprinklered. separate permits required for m.e.p.s work.
The owner of record is 812-814 North 16th Street.
It isn't rising in isolation. Within a half-mile, 12 other major projects have broken ground since 2022 — roughly 374 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?
As this density arrives, InvestPHL is tracking 96 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 96 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.