34-unit mixed-use new construction, zoned CMX2.
A 34-unit mixed-use building is set to rise at 5420 Ridge Ave in Roxborough, the kind of by-right infill quietly reshaping the block. It was cleared to build in Mar 8, 2019.
The 17,311 sq ft site is zoned CMX2, which supports a building on the order of 4 stories by right. Records show the parcel last traded in 2018 for $1.4M. The plans call for erection of a new mixed use building, 34 residential and vacant commercial.
The owner of record is 5420 Ridge Holdings 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, 3 other major projects have broken ground since 2022 — roughly 107 units of new supply — including the 15-unit project at 3838-52 Pechin St, the 50-unit project at 5542-44 Ridge Ave, the 42-unit project at 11 Shurs Ln. 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 41 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 41 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.