Market Insights  /  Brewerytown & Sharswood
Development Watch · Brewerytown & Sharswood

2016 Ridge AveDelivered

17-unit residential new construction, zoned CMX2.

A four-story mixed-use building with 17 residential units and ground-floor commercial space has been delivered at 2016 Ridge Avenue in Brewerytown. The project, owned by the Philadelphia Housing Authority, rises on a 5,207-square-foot lot and was cleared to build in April 2023. The first floor is set up as shell commercial space, requiring separate use registration and fit-out approvals before tenants can move in, while the apartments occupy the upper three floors.

The CMX2 zoning here allows the mix-and-scale by right, a designation that lines much of Ridge Avenue's commercial corridor and has quietly enabled a steady flow of midsize residential development. With PHA as the owner of record, this marks one of the authority's less common forays into mixed-income or mixed-use construction on land it controls, though the specifics of unit mix or affordability levels aren't disclosed in the project scope.

This building lands in the middle of a concentrated multifamily wave along Ridge Avenue and the surrounding Sharswood grid. Within a half-mile radius, 274 units are either under construction or recently completed, including a 40-unit building at 2000 Ridge, a 36-unit project at 2112 Ridge, and a 24-unit development on North 21st Street. The clustering suggests developer confidence in Brewerytown's fundamentals—transit access, proximity to Fairmount Park, and land costs that still pencil for modest-density projects.

The completion of 2016 Ridge adds another data point for nearby landowners weighing their options. PHA's willingness to build here, combined with the steady pipeline of private projects in the immediate area, suggests that underused lots along this stretch of Ridge and the adjacent residential blocks are likely to see more activity. The challenge, as always, will be filling that ground-floor commercial space in a corridor still working to rebuild its retail identity.

📄 View the project's plan drawings (PDF)
Schematic massing — illustrative of the ~4-story by-right envelope, not the developer's design.
Units
17
Zoning
CMX2
By-right envelope
~4 stories
Lot
5,207 sq ft
Cleared to build
Apr 13, 2023
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 16 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.

~61buildable units
████████ Street
CMX3 · 0.27 mi away
Max bid to a builder $2.8M · Opportunity Score 98
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~118buildable units
████████ Street
CMX3 · 0.39 mi away
Max bid to a builder $5.5M · Opportunity Score 98
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~38buildable units
████████ Street
RM4 · 0.38 mi away
Max bid to a builder $1.8M · Opportunity Score 76
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~22buildable units
████████ Street
RM1 · 0.47 mi away
Max bid to a builder $890K · Opportunity Score 71
Unlock →
~24buildable units
████████ Street
RM4 · 0.43 mi away
Max bid to a builder $1.0M · Opportunity Score 67
Unlock →
Unlock the 16 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.

40u2000 Ridge Ave0.03 mi
24u1409 N 21st St0.05 mi
8u2122-52 Sharswood St0.13 mi
8u1309 N 22nd St0.15 mi
36u2112 Ridge Ave0.19 mi
27u2134 Ridge Ave0.24 mi
8u2008 W Girard Ave0.25 mi
63u2004 Cecil B Moore Ave0.27 mi
Progress

How this project is moving

Cleared for occupancy ~100% 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.