720 W Thompson StDelivered

A 80-unit residential building is set to rise at 720 W Thompson St in Fishtown, a mid-scale addition to one of the city's busier development corridors. It was cleared to build in Jun 28, 2021.

The site is zoned CMX3, which supports a building on the order of 6 stories by right. The parcel last changed hands in 2021. The plans call for new construction of a six (6) story structure to include ground floor parking garage and eighty (80) dwelling units above as per approved plans. building to utilize horizontal separations to create two (2) separate buildings with two (2) different construction types (1st floor - type ia and 2nd through 6th floors - type iiia). fire retardant treated studs and sheathing required for type iii construction. building to be fully sprinklered per nfpa 13 and include standpipes per nfpa 14. fire watch required per code bulletin f-2001. *2018 ibc* **separate permits required for mep & fire suppression work** amendment approved 1/1/23 amend new construction permit cp-2020-002924 to include horizontal exit and changes to exterior wall assemblies as per approved plans. amendment approved 5/21/23 amend new construction permit cp-2020-002924 to include new accessible toilet room on the ground floor as per approved plans. .

The owner of record is 720 W Thompson 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, 6 other major projects have broken ground since 2022 — roughly 704 units of new supply — including the 8-unit project at 1545 N 6th St, the 166-unit project at 310 W Girard Ave, the 200-unit project at 1635 N 5th 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?