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

2000 Ridge AveDelivered

40-unit residential new construction, zoned CMX2.

A five-story, 40-unit mixed-use building has been delivered at 2000 Ridge Avenue in Brewerytown, bringing ground-floor commercial shell space and amenity areas alongside residential units to a Philadelphia Housing Authority-owned site. The project spans roughly 13,500 square feet of land and uses a split-construction approach—Type IA for the ground floor and Type VA for the upper four stories—with full sprinklering and standpipes throughout. Cleared to build in April 2023, the development rises in a CMX2 zone where this scale is by-right.

The Ridge Avenue site sits in a corridor that's seen steady infill over the past few years, with more than 250 units built or underway within a half-mile radius. Nearby projects include a 17-unit building at 2016 Ridge, a 24-unit development at 1409 N 21st Street, and a handful of eight-unit projects scattered along Sharswood Street, Girard Avenue, and 22nd Street. While those smaller projects reflect typical rowhouse-replacement development, this 40-unit building stands out as a denser, more ambitious lift—particularly for a PHA-owned parcel.

The project's delivery adds momentum to Brewerytown's gradual transformation, threading new density into a neighborhood that's absorbed mostly small-scale infill to date. With PHA as the owner of record, the development likely reflects either a direct agency initiative or a ground-lease partnership aimed at expanding affordable or workforce housing stock in an area where demand has steadily ticked upward. The commercial shell on the ground floor—requiring separate use registration and fit-out work before occupancy—leaves flexibility for future tenants to shape the streetscape.

For developers eyeing similar parcels along the Ridge corridor, this project sets a template: mid-rise, mixed-use buildings that leverage by-right zoning without requiring variances or special appeals. The split-construction strategy and reliance on horizontal separation show how builders can navigate code requirements on tighter urban lots while maximizing unit count. As Brewerytown absorbs this wave of modest multifamily projects, expect more landowners to test whether five stories and 40 units pencil on underused corner sites nearby.

📄 View the project's plan drawings (PDF)
Schematic massing — illustrative of the ~5-story by-right envelope, not the developer's design.
Units
40
Zoning
CMX2
By-right envelope
~5 stories
Lot
13,529 sq ft
Cleared to build
Apr 13, 2023
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 19 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 · 0.24 mi away
Max bid to a builder $2.8M · Opportunity Score 98
Unlock →
~118buildable units
████████ Street
CMX3 · 0.36 mi away
Max bid to a builder $5.5M · Opportunity Score 98
Unlock →
~49buildable units
████████ Street
CMX3 · 0.47 mi away
Max bid to a builder $2.2M · Opportunity Score 81
Unlock →
~38buildable units
████████ Street
RM4 · 0.35 mi away
Max bid to a builder $1.8M · Opportunity Score 76
Unlock →
~22buildable units
████████ Street
RM1 · 0.44 mi away
Max bid to a builder $890K · Opportunity Score 71
Unlock →
Unlock the 19 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.

17u2016 Ridge Ave0.03 mi
24u1409 N 21st St0.08 mi
8u2122-52 Sharswood St0.15 mi
8u1309 N 22nd St0.16 mi
8u2008 W Girard Ave0.22 mi
36u2112 Ridge Ave0.22 mi
19u1412 N 17th St0.26 mi
12u1822 Ridge Ave0.26 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.