4-unit mixed-use new construction, zoned CMX2.
A 4-unit mixed-use building is set to rise at 2455 Frankford Ave in Fishtown & East Kensington, the kind of by-right infill quietly reshaping the block. It was cleared to build in Jul 9, 2025.
The 1,900 sq ft site is zoned CMX2, which supports a building on the order of 3 stories by right. The parcel last changed hands in 2025. The plans call for new construction of a three (3) story building on existing foundations for use as a vacant commercial space (use registration & fit-out permits required prior to occupancy) and four (4) dwelling units as per approved plans. building to be fully sprinklered per nfpa 13 & 13r. **2018 ibc review** **separate permits required for mep & fire suppression work**.
The owner of record is 2455 Frankford Avenue Owner LLC.
It isn't rising in isolation. Within a half-mile, 12 other major projects have broken ground since 2022 — roughly 636 units of new supply — including the 16-unit project at 2456 Frankford Ave, the 22-unit project at 2406 Frankford Ave, the 108-unit project at 2000-20 E Hagert 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 82 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 82 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.