Market Insights  /  Fairmount & Art Museum
Development Watch · Fairmount & Art Museum

1630-32 Ridge AveUnder construction

11-unit residential new construction, zoned CMX2.5.

A five-story mixed-use building with 11 residential units and ground-floor commercial space is under construction at 1630-32 Ridge Ave, adding to a steady stream of mid-scale infill along the Fairmount corridor. The project rises on a 3,081-square-foot lot zoned CMX2.5, which allows the structure by right. The building was cleared to build in late 2025 and includes a cellar, with the commercial space left as shell condition requiring separate registration and fit-out work before it can be occupied. An amendment approved in early 2026 tweaked window sizes and configurations and added a mechanical shaft.

The owner of record is listed as Francisville Neighborhood, a name that suggests community development ties rather than a traditional for-profit shop, though specifics on the entity's structure or financing aren't part of the public picture. The building employs Type III construction with fire-retardant-treated studs and sheathing, full NFPA 13 sprinklers, and standpipes—standard fare for wood-frame walk-ups in this density class.

This stretch of Ridge is seeing consistent developer interest. Within a half-mile radius, roughly 400 units are either proposed or in the works, including a 12-unit building at 1638 Ridge, a 17-unit project at 1633-43 Ridge, and a 49-unit building over on North Broad. The 1630-32 project slots neatly into that pattern: modest footprint, CMX2.5 zoning, and a residential program sized to match neighborhood absorption without requiring variances or ZBA drama.

The broader takeaway is that Ridge Avenue's older commercial stock—small corner storefronts, vacant tax-delinquent lots—continues to attract builders willing to work at the 10- to 20-unit scale. With CMX2.5 zoning running along much of the corridor, similar parcels remain in play, particularly where assemblage isn't required and existing structures can be scraped without much resistance. This project won't move markets on its own, but it's another data point in Ridge's slow, steady densification.

📄 View the project's plan drawings (PDF)
Schematic massing — illustrative of the ~5-story by-right envelope, not the developer's design.
Units
11
Zoning
CMX2.5
By-right envelope
~5 stories
Lot
3,081 sq ft
Last sale
$575K · 2025
Cleared to build
Dec 14, 2025
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 93 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.

~86buildable units
████████ Street
CMX4 · 0.28 mi away
Max bid to a builder $5.9M · Opportunity Score 100
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~75buildable units
████████ Street
CMX4 · 0.27 mi away
Max bid to a builder $5.1M · Opportunity Score 100
Unlock →
~70buildable units
████████ Street
CMX3 · 0.44 mi away
Max bid to a builder $4.9M · Opportunity Score 100
Unlock →
~303buildable units
████████ Street
CMX4 · 0.29 mi away
Max bid to a builder $14M · Opportunity Score 99
Unlock →
~92buildable units
████████ Street
CMX4 · 0.23 mi away
Max bid to a builder $4.4M · Opportunity Score 99
Unlock →
Unlock the 93 nearby opportunities →
The block

What else is rising nearby

Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.

12u1638 Ridge Ave0.01 mi
17u1633-43 Ridge Ave0.04 mi
12u1822 Ridge Ave0.19 mi
13u1435 W Girard Ave0.24 mi
49u918 N Broad St0.24 mi
70u915-23 N Broad St0.29 mi
8u2008 W Girard Ave0.33 mi
20u689-95 N Broad St0.33 mi
Progress

How this project is moving

Interior systems ~64% complete
Estimated from the construction permit sequence — an approximation of stage, not a precise schedule.
Every logged milestone appears here — highlighted ones are the headline stages; the rest track interim construction activity. Checked daily.
Compiled by InvestPHL. Unit counts, scope, and ownership are as recorded and subject to revision; the massing figure is a schematic illustration of the by-right envelope, not the developer's design or a marketing rendering. Verify zoning, status, and title with counsel before acting. InvestPHL does not list, market, or represent any property, buyer, or seller.