15-unit residential new construction, zoned CMX2.
A 15-unit residential building is set to rise at 2400 Frankford Ave in Fishtown & East Kensington, the kind of by-right infill quietly reshaping the block. It was cleared to build in Aug 31, 2021.
The 4,603 sq ft site is zoned CMX2, 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 structure with pilot house for access to roof for mechanical maintenance only. for use as a vacant commercial space (u&o / co required prior to occupancy) at the first floor with multi family householding living (15 dwelling units) from the 2nd to the 4th floor level with five (5) class 1a bicycle spaces at the 1st floor. mixed income housing bonus / green roof bonus used. building to be sprinklered per nfpa 13 and equipped with standpipes per nfpa 14. amended as of 8.26.2022: for approval of as-built window headers. .
The owner of record is 2400-04 Frankford Qozb 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 522 units of new supply — including the 22-unit project at 2406 Frankford Ave, the 16-unit project at 2456 Frankford Ave, 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?
📄 View the project's plan drawings (PDF)As this density arrives, InvestPHL is tracking 86 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 86 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.