1200 Ridge AveUnder construction

A 46-unit residential building is set to rise at 1200 Ridge Ave in Northern Liberties, a mid-scale addition to one of the city's busier development corridors. It was cleared to build in Dec 18, 2020.

The 10,713 sq ft site is zoned CMX3, which supports a building on the order of 7 stories by right. Records show the parcel last traded in 2019 for $4.0M. The plans call for amendment 3: to revise the floor layouts, changes to stair construction, fire rated assemblies and revision to structural elements per amended plans. amendment 2: for the amendment of previously approved permit cp-2020-005431 to document change in roof deck area and erection of a horizontal exit. all work to be done per approved plans. if field conditions vary contact design engineer prior to thes start of any work. if field conditions vary contact design engineer prior to the start of any work. amendment 1: for the amendment of previously approved permit cp-2020-005431 to document floor area, minor changes to layout and shoring work as shown per approved plans. if field conditions vary contact design engineer prior to thes start of any work. if field conditions vary contact design engineer prior to the start of any work. original: for the erection of a six story building for use as the following: basement level has 13 accessory parking spaces and 24 bicycle spaces. first-floor has vacant commercial space (separate use permit/fitout to be obtained prior to occupancy); second-floor through sixth-floor multi-family household living (46 units); with a roof deck above the 6th floor level to contain accessory amenities accessed by roof deck access structures. building is composed of two different construction types (type ia(basement-second floor level) and type iiia construction (third-sixth floor level)). building is fully sprinklered in accordance with nfpa 13 and standpipes to be provided in the exit stairways per nfpa 14. all work to be done per approved plans. if field conditions vary contact design engineer prior to the start of any work. **a covered walkway or sidewalk closure shall be required within 19 feet of the building facade in accordance with section 3306 of the 2018 ibc. separate building and/or streets department permit required prior to the start of any work. ***amended permit required for manufactured truss drawings/ shoring plans/ speci.

The owner of record is 12 Sg Associates 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, 7 other major projects have broken ground since 2022 — roughly 349 units of new supply — including the 23-unit project at 1314-32 Spring Garden St, the 24-unit project at 1315 Ridge Ave, the 119-unit project at 619-29 N Broad 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?