8-unit residential new construction, zoned RM1.
A 8-unit residential building is set to rise at 845 N 15th St in Fairmount & Art Museum, the kind of by-right infill quietly reshaping the block. It was cleared to build in Jun 20, 2019.
The 3,245 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 a four (4) story attached structure to be used as groups r-2/s-2 (eight (8) dwelling units w/accessory parking garage) as per plans; separate permits required for all mep/fsp work; building to be fully sprinklered throughout in accordance with nfpa 13 w/in bsmt/1st flr and nfpa 13 w/in 2nd-4th flrs; standpipes to be installed within exit stairways in accordance with nfpa 14; see ap#878743 for zoning/use approval.
The owner of record is Gdc Francisville Associates LLC.
It isn't rising in isolation. Within a half-mile, 12 other major projects have broken ground since 2022 — roughly 387 units of new supply — including the 49-unit project at 918 N Broad St, the 70-unit project at 915-23 N Broad St, the 11-unit project at 1630-32 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 97 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 97 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.