162-unit residential new construction, zoned CMX5.
A 162-unit, 13-story tower is cleared to build at 1428 Callowhill Street, where Bayview Philadelphia Callowhill LLC controls an 11,513-square-foot lot on the lower edge of Fairmount. The project will include 31 parking spaces and 74 bike spaces, a ratio that nods to the neighborhood's transit access and walkability but still reserves room for car storage. At that height and density, it's one of the more substantial residential additions to this stretch of Callowhill, which has attracted steady attention from developers looking to capitalize on CMX-5 zoning and proximity to both Center City and the Parkway.
Bayview picked up the parcel in 2020, and the building was cleared to rise by the end of 2021, putting it in line with a broader wave of mid-rise residential work in the immediate area. Within a half mile, nearly 300 units are either delivered or under way, including an 81-unit building at 225 North 13th and a 119-unit project at 619–29 North Broad. The Callowhill tower fits comfortably within that cluster, adding critical mass to a corridor that's been transitioning from light industrial to residential for the better part of a decade.
The project underscores how much appetite remains for high-density residential on by-right sites in this part of town, particularly as Fairmount and the northern edge of the Parkway continue to draw renters and buyers priced out of closer-in neighborhoods. With nearly 300 units already accounted for nearby, the question isn't whether Callowhill can absorb another 162—it's which underused parcels along this stretch will be next to trade hands.
📄 View the project's plan drawings (PDF)As this density arrives, InvestPHL is tracking 159 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 159 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.