42-unit residential new construction, zoned ICMX.
A 42-unit residential building is set to rise at 1611-41 Ruan St in Frankford & Juniata, a mid-scale addition to one of the city's busier development corridors. It was cleared to build in Dec 14, 2021.
The 23,781 sq ft site is zoned ICMX, which supports a building on the order of 4 stories by right. The parcel last changed hands in 2022. The plans call for new construction of a four (4) story structure to include forty-two (42) dwelling units and accessory parking as per approved plans. building to utilize horizontal separations to create two (2) separate buildings with two (2) different construction types (1st floor - type ia and 2nd through 4th floors - type va). building to be fully sprinklered per nfpa 13 and include standpipes per nfpa 14. fire watch required per code bulletin f-2001. *2018 ibc review* **separate permits required for mep & fire suppression work**.
The owner of record is Frankford House LP.
It isn't rising in isolation. Within a half-mile, 1 other major projects have broken ground since 2022 — roughly 9 units of new supply — including the 9-unit project at 4452 Griscom 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?
As this density arrives, InvestPHL is tracking 239 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 239 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.