Market Insights  /  Fishtown
Development Watch · Fishtown

1935 N 2nd StDelivered

13-unit residential new construction, zoned CMX2.5.

A four-story mixed-use building with 13 residential units and ground-floor commercial space has been delivered at 1935 N 2nd Street in Fishtown. Srd Second LLC, the owner of record, cleared the roughly 3,690-square-foot lot to build in early 2022, adding another slice of infill to the neighborhood's ongoing development wave. The project includes shell commercial space awaiting tenant fit-out and full sprinkler and standpipe systems throughout.

The building rises by-right under CMX2.5 zoning, which allows the four-story, mixed-use configuration without variance requests. The site last changed hands in 2021, and the relatively quick turnaround from acquisition to delivery suggests the developer moved efficiently through the entitlement and construction process. The commercial component keeps the ground floor activated along this stretch of 2nd Street, which has seen steady pedestrian traffic as Fishtown's density has grown.

The project sits within a half-mile radius of more than 300 residential units either delivered or in the pipeline, including a 21-unit building next door at 1931 N 2nd Street and a 40-unit project at 2034 N 2nd. Nearby developments at 300 W Norris Street and 1924 N Front Street add another 65 units to the tally, underscoring the appeal of CMX2.5 sites in this corridor. The consistency of activity here reflects strong fundamentals for mid-rise, mixed-use infill, particularly on parcels that can support retail or flexible ground-floor uses.

The delivery of 1935 N 2nd Street reinforces the pattern established by its neighbors: assemble a lot in the low thousands of square feet, push to the zoning envelope, and deliver a mix of residential and commercial. For remaining underbuilt parcels along 2nd Street and the side streets feeding it, the formula is well-tested, and the comps are stacking up quickly.

📄 View the project's plan drawings (PDF)
Schematic massing — illustrative of the ~4-story by-right envelope, not the developer's design.
Units
13
Zoning
CMX2.5
By-right envelope
~4 stories
Lot
3,690 sq ft
Last sale
2021
Cleared to build
Mar 1, 2022
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 169 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.

~101buildable units
████████ Street
CMX2 · 0.36 mi away
Max bid to a builder $4.4M · Opportunity Score 98
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~338buildable units
████████ Street
ICMX · 0.45 mi away
Max bid to a builder $7.1M · Opportunity Score 98
Unlock →
~239buildable units
████████ Street
CMX2.5 · 0.11 mi away
Max bid to a builder $4.6M · Opportunity Score 98
Unlock →
~190buildable units
████████ Street
ICMX · 0.43 mi away
Max bid to a builder $4.0M · Opportunity Score 94
Unlock →
~179buildable units
████████ Street
ICMX · 0.36 mi away
Max bid to a builder $3.4M · Opportunity Score 94
Unlock →
Unlock the 169 nearby opportunities →
The block

What else is rising nearby

Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.

21u1931 N 2nd St0.01 mi
285u1901 N American St0.06 mi
40u2034 N 2nd St0.10 mi
33u300 W Norris St0.16 mi
32u1924 N Front St0.19 mi
9u1751 Tilghman St0.20 mi
12u1733-41 N 2nd St0.20 mi
8u2034 N Front St0.22 mi
Progress

How this project is moving

Cleared for occupancy ~100% complete
Estimated from the construction permit sequence — an approximation of stage, not a precise schedule.
Every logged milestone appears here — highlighted ones are the headline stages; the rest track interim construction activity. Checked daily.
Compiled by InvestPHL. Unit counts, scope, and ownership are as recorded and subject to revision; the massing figure is a schematic illustration of the by-right envelope, not the developer's design or a marketing rendering. Verify zoning, status, and title with counsel before acting. InvestPHL does not list, market, or represent any property, buyer, or seller.