8-unit residential new construction, zoned RSA5.
A 8-unit residential building is set to rise at 203-09 Diamond St in Fishtown, the kind of by-right infill quietly reshaping the block. It was cleared to build in Oct 9, 2026.
The 2,880 sq ft site is zoned RSA5, which supports a building on the order of 4 stories by right. Records show the parcel last traded in 2022 for $650K. The plans call for for the erection of a four (4) story attached structure of type v-a construction for use as eight (8) dwelling units (group r-2). building to be fully sprinklered per nfpa 13. standpipes to be installed in interior exit stairway enclosures in accordance with nfpa 14. all work to be done per approved plans and in accordance with 2018 ibc. separate permits required for mechanical, electrical, plumbing, fire suppression, and excavation work.
The owner of record is Sav Investments LLC. The project's plan drawings are on file — worth a look for anyone underwriting the surrounding block.
It isn't rising in isolation. Within a half-mile, 12 other major projects have broken ground since 2022 — roughly 563 units of new supply — including the 40-unit project at 2034 N 2nd St, the 13-unit project at 1935 N 2nd St, the 21-unit project at 1931 N 2nd 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?
📄 View the project's plan drawings (PDF)As this density arrives, InvestPHL is tracking 169 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 169 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.