1775 N American StDelivered

A 110-unit residential building is set to rise at 1775 N American St in Fishtown, one of the larger new-construction projects underway in Philadelphia this cycle. It was cleared to build in Nov 19, 2021.

The 47,683 sq ft site is zoned ICMX, which supports a building on the order of 5 stories by right. The parcel last changed hands in 2022. The plans call for amendment: for the amendment of previously approved permit cp-2021-005559 to document pool deck expansion, and changes to layout throughout the building as shown per approved plans. all work to be done per approved plans. if field conditions vary contact design engineer prior to the start of any work. separate permits to be obtained for all other work. original: for the erection of a five (5) story building for use as the following: two vacant commercial units(separate use permit/fitout to be obtained prior to occupancy) on the first floor and 110 dwelling units on second through fifth floors; with second-floor common roof deck and private balconies, 60 parking stalls (3 ada van accessible), 39 bicycles stalls and one loading space. building composed of two different construction types (type ia(first floor level) and type va construction (second-fifth floor level). 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 15 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. ***amended permit required for manufactured truss drawings for prefabricated wood structural elements***.*** 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 10/23/22 amend new construction permit cp-2021-005559 to include changes to building layout and roof deck as per approved plans. .

The owner of record is 1775 N American Alpha 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 779 units of new supply — including the 12-unit project at 1733-41 N 2nd St, the 9-unit project at 1751 Tilghman St, the 108-unit project at 1640-48 N Hancock 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?