128-unit residential new construction, zoned RSA5.
A 128-unit residential building is set to rise at 1612 N Hancock St in Fishtown, one of the larger new-construction projects underway in Philadelphia this cycle. It was cleared to build in Apr 5, 2021.
The 30,000 sq ft site is zoned RSA5, which supports a building on the order of 6 stories by right. The plans call for new construction of a six (6) story structure to include vacant commercial spaces (use registration & fit-out permits required prior to occupancy), one hundred twenty-eight (128) dwelling units and accessory parking garage as per approved plans. building to utilize horizontal separations to create two (2) separate buildings with two (2) different construction types (basement & 1st floor - type ia and 2nd through 6th floors - type iiib). 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 review* amendment approved 6/16/21 amend new construction permit cp-2020-005670 for changes to structural framing & foundation designs and unit layouts as per approved plans. **separate permits required for mep & fire suppression work**.
The owner of record is Northern Star Development.
It isn't rising in isolation. Within a half-mile, 12 other major projects have broken ground since 2022 — roughly 940 units of new supply — including the 108-unit project at 1640-48 N Hancock St, the 12-unit project at 1733-41 N 2nd St, the 9-unit project at 1751 Tilghman 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?
As this density arrives, InvestPHL is tracking 122 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 122 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.