20-unit residential new construction, zoned CMX2.
A 20-unit residential building is set to rise at 1325 N Lee St in Fishtown & East Kensington, the kind of by-right infill quietly reshaping the block. It was cleared to build in Dec 8, 2021.
The 6,868 sq ft site is zoned CMX2, which supports a building on the order of 4 stories by right. The parcel last changed hands in 2022. The plans call for new construction of a four (4) story building with common roof deck and pilot houses for use as a shell commercial space (use registration & fit-out permits required prior to occupancy) and twenty (20) dwelling units as per approved plans. building to be fully sprinklered per nfpa 13 and contain standpipes per nfpa 14. fire watch required per code bulletin f-2001 *2018 ibc review* **separate permits required for mep & fire suppression work**.
The owner of record is 1325 N Lee Ocf 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 896 units of new supply — including the 61-unit project at 1351-59 Frankford Ave, the 26-unit project at 1400-10 Frankford Ave, the 114-unit project at 1442 N Front 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 121 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 121 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.