2325 N Front StDelivered

A 63-unit residential building is set to rise at 2325 N Front St in Fairhill, a mid-scale addition to one of the city's busier development corridors. It was cleared to build in Jan 22, 2021.

The 14,991 sq ft site is zoned CMX2.5, which supports a building on the order of 5 stories by right. The parcel last changed hands in 2020. The plans call for for the erection of five (5) story attached mixed-use structures with a roof deck and roof deck access structures to be used as a total of sixty three [63] dwelling units (two of which are ada 'type a' accessible) and two [2] commercial units [usre registration required prior to occupancy] with twenty-two (22) bicycle spaces on an accessible route, as per plans; standby power will be provided for accessible means of egress. separate permits required for all mep/fsp work; building to be fully sprinklered as per nfpa 13 w/standpipes w/in interior exit stairways as per nfpa 14; pedestrian protection as per 2018 ibc ch33 and l&i code bulletin b-0503-r2. all work to be done per approved plans and in accordance with 2018 ibc. **underpinning is included in scope of work** amended as of 6.16.2021: revisions to basement, foundations and shoring plans; removal of horizontal exit, emergency backup power for elevators provided; relocaiton of type a dwelling unit. .

The owner of record is Acg 2315 Front 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 392 units of new supply — including the 60-unit project at 2221 N Front St, the 14-unit project at 2214 N Front St, 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?