9-unit residential new construction, zoned RM1.
A 9-unit residential building is set to rise at 1424 Germantown Ave in Fishtown, the kind of by-right infill quietly reshaping the block. It was cleared to build in Sep 16, 2021.
The 2,732 sq ft site is zoned RM1, which supports a building on the order of 4 stories by right. The parcel last changed hands in 2021. The plans call for for the erection of an attached four story structure with two roof decks accessed by separate roof deck access structures. structure for use as multi-family household living (nine(9) dwelling units)( additional three(3) units using mixed income housing bonus as per 14-702(7). ). structure is to be built 45 ft high using mixed income height bonus as per section 14-702(7). building is fully sprinklered in accordance with nfpa 13 and standpipes to be provided in the exit stairways per nfpa 14. all work to be done per approved plans. if field conditions vary contact design engineer prior to the start of any work. **a covered walkway or sidewalk closure shall be required within 12 feet of the building facade in accordance with section 3306 of the 2018 ibc. separate building and/or streets department permit required prior to the start of any work.*** fire watch is required once combustible construction is over 40 feet in height, a site safety plan shall be submited to building inspector prior to the start of any construction.*** separate permiits to be obtained for all other work. amendment approved 12/22/22 amend new construction permit cp-2021-002476 for changes to building layout and dimensions based on existing field conditions as per approved plans. .
The owner of record is Vikara Nadi 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 882 units of new supply — including the 200-unit project at 1635 N 5th St, the 8-unit project at 1545 N 6th St, the 166-unit project at 310 W Girard Ave. 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)As this density arrives, InvestPHL is tracking 125 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 125 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.