Market Insights  /  Fishtown & East Kensington
Development Watch · Fishtown & East Kensington

1871 Frankford AveUnder construction

4-unit mixed-use new construction, zoned CMX2.

A 4-unit mixed-use building is set to rise at 1871 Frankford Ave in Fishtown & East Kensington, the kind of by-right infill quietly reshaping the block. It was cleared to build in Jan 23, 2026.

The 2,178 sq ft site is zoned CMX2, which supports a building on the order of 3 stories by right. The parcel last changed hands in 2026. The plans call for for the erection of an attached three (3) story structure of type v-b construction for use as one (1) vacant commercial space (separate permits required prior to fit-out and issuance of c.o.), four (4) dwelling units (group r-2), and one (1) interior parking space accessory to the residential occupancy. building to be fully sprinklered per nfpa 13. all work to be done per approved plans and in accordance with 2018 ibc. separate permits required for mechanical, electrical, plumbing, and fire suppression work.

The owner of record is 1871 Frankford Owner 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 265 units of new supply — including the 9-unit project at 1828 Frankford Ave, the 32-unit project at 1924 N Front St, the 8-unit project at 2034 N Front 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)
Schematic massing — illustrative of the ~3-story by-right envelope, not the developer's design.
Units
4
Zoning
CMX2
By-right envelope
~3 stories
Lot
2,178 sq ft
Last sale
2026
Cleared to build
Jan 23, 2026
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 89 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.

~170buildable units
████████ Street
ICMX · 0.49 mi away
Max bid to a builder $7.5M · Opportunity Score 99
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~101buildable units
████████ Street
CMX2 · 0.20 mi away
Max bid to a builder $4.4M · Opportunity Score 98
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~102buildable units
████████ Street
CMX2 · 0.40 mi away
Max bid to a builder $4.4M · Opportunity Score 98
Unlock →
~239buildable units
████████ Street
CMX2.5 · 0.34 mi away
Max bid to a builder $4.6M · Opportunity Score 98
Unlock →
~179buildable units
████████ Street
ICMX · 0.42 mi away
Max bid to a builder $3.4M · Opportunity Score 94
Unlock →
Unlock the 89 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.

9u1828 Frankford Ave0.09 mi
32u1924 N Front St0.19 mi
8u2034 N Front St0.25 mi
40u1716 Frankford Ave0.26 mi
22u2406 Frankford Ave0.28 mi
55u1713 N Front St0.28 mi
9u1700 Frankford Ave0.30 mi
31u2112 N Front St0.30 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.