Market Insights  /  Northern Liberties
Development Watch · Northern Liberties

900-04 N 2nd StUnder construction

4-unit residential new construction, zoned CMX2.5.

A 4-unit residential building is set to rise at 900-04 N 2nd St in Northern Liberties, the kind of by-right infill quietly reshaping the block. It was cleared to build in Jul 31, 2025.

The 1,624 sq ft site is zoned CMX2.5, which supports a building on the order of 5 stories by right. Records show the parcel last traded in 2025 for $580K. The plans call for for the erection of an attached structure with roof deck, two (2) roof deck access structures above, and balconies at the front (poplar st. and n. 2nd st. frontages) as per approved plans containing four (4) dwelling units on the second, third, fourth, and fifth floors and vacant commercial space on the first floor.(separate use registration and fit-out required prior to occupancy). separate permits required for mep & fp works. separate approval required from pa l&i for elevator installation.

The owner of record is Ac North 2nd Street 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, 8 other major projects have broken ground since 2022 — roughly 681 units of new supply — including the 55-unit project at 828-40 N 2nd St, the 10-unit project at 1139-41 N 3rd St, the 97-unit project at 500 N Christopher Columbus Blvd. 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)
Schematic massing — illustrative of the ~5-story by-right envelope, not the developer's design.
Units
4
Zoning
CMX2.5
By-right envelope
~5 stories
Lot
1,624 sq ft
Last sale
$580K · 2025
Cleared to build
Jul 31, 2025
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 109 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.

~328buildable units
████████ Street
CMX4 · 0.48 mi away
Max bid to a builder $23M · Opportunity Score 100
Unlock →
~88buildable units
████████ Street
CMX3 · 0.33 mi away
Max bid to a builder $6.1M · Opportunity Score 100
Unlock →
~71buildable units
████████ Street
CMX3 · 0.19 mi away
Max bid to a builder $5.0M · Opportunity Score 100
Unlock →
~119buildable units
████████ Street
CMX3 · 0.16 mi away
Max bid to a builder $8.3M · Opportunity Score 100
Unlock →
~81buildable units
████████ Street
CMX3 · 0.19 mi away
Max bid to a builder $5.6M · Opportunity Score 100
Unlock →
Unlock the 109 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.

55u828-40 N 2nd St0.02 mi
10u1139-41 N 3rd St0.30 mi
97u500 N Christopher Columbus Blvd0.35 mi
84u130 W Girard Ave0.36 mi
84u130 W Girard Ave0.36 mi
166u310 W Girard Ave0.36 mi
78u1000-10 N Delaware Ave0.37 mi
107u1122 Frankford Ave0.40 mi
Progress

How this project is moving

Life-safety systems ~78% 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.