Market Insights  /  Fishtown & East Kensington
Development Watch · Fishtown & East Kensington

1122 Frankford AveDelivered

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

Rendering of 1122 Frankford Ave — U.S. Development Completes 107-Unit Frankford Grand in Philadelphia
U.S. Development Completes 107-Unit Frankford Grand in Philadelphia
Published rendering · via multifamilyaffordablehousing.com. Shown for informational purposes; rights belong to the original creator.See the source →

A 107-unit residential building at 1122 Frankford Avenue has been delivered on a nearly half-acre lot in Fishtown, adding five stories of housing plus vacant ground- and second-floor commercial shells to a corridor still finding its mixed-use rhythm. The project, cleared to build in late 2022, incorporated a rooftop deck, green roof, and 38 bike parking spaces, with the first floor built to Type 1A standards and the upper four floors in Type IIIA construction. Multiple amendments during construction addressed structural tweaks, underpinning and shoring work, interior layout changes, and exterior finish adjustments—typical midstream refinements for a building of this scale.

The site sits in a CMX2.5 zone, which allows this sort of midrise development by right, and the owner of record is 1120-36 Frankford Dris LP, which acquired the parcel in 2022. The ground-floor commercial spaces remain empty and will require separate use authorization, a reminder that retail activation often lags residential delivery along Frankford Avenue's less pedestrian-heavy stretches. The building's hybrid construction approach—concrete podium below wood frame—reflects a cost-conscious strategy common to Philadelphia's recent apartment wave.

This delivery lands in the middle of a remarkably dense development cluster: nearly 950 units have been built or approved within a half mile, including the 182-unit tower at 1130 North Delaware and a pair of 84-unit buildings at 130 West Girard. The concentration of activity signals that Fishtown's growth isn't tapering—it's consolidating around transit access and riverfront proximity. With over 100 units now online here, the building cements Frankford Avenue's evolution from auto-oriented commercial strip to mixed-use corridor, even if the retail pieces haven't fully caught up.

The project's scale and by-right zoning suggest a template for other underused parcels along this stretch, particularly the remaining single-story commercial properties and surface lots that still interrupt the streetwall. If the commercial spaces fill and the pedestrian environment improves, this block could serve as a proof point for similar infill—though the current vacancy underscores that developer confidence in ground-floor retail here remains cautious at best.

📄 View the project's plan drawings (PDF)
Schematic massing — illustrative of the ~5-story by-right envelope, not the developer's design.
Units
107
Zoning
CMX2.5
By-right envelope
~5 stories
Lot
23,300 sq ft
Last sale
2022
Cleared to build
Nov 8, 2022
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 120 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.

~88buildable units
████████ Street
CMX3 · 0.08 mi away
Max bid to a builder $6.1M · Opportunity Score 100
Unlock →
~71buildable units
████████ Street
CMX3 · 0.43 mi away
Max bid to a builder $5.0M · Opportunity Score 100
Unlock →
~119buildable units
████████ Street
CMX3 · 0.27 mi away
Max bid to a builder $8.3M · Opportunity Score 100
Unlock →
~81buildable units
████████ Street
CMX3 · 0.29 mi away
Max bid to a builder $5.6M · Opportunity Score 100
Unlock →
~93buildable units
████████ Street
CMX3 · 0.32 mi away
Max bid to a builder $6.5M · Opportunity Score 100
Unlock →
Unlock the 120 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.

84u130 W Girard Ave0.17 mi
84u130 W Girard Ave0.17 mi
78u1000-10 N Delaware Ave0.18 mi
182u1130 N Delaware Ave0.22 mi
26u950 Marlborough St0.23 mi
62u1212-16 N Delaware Ave0.26 mi
61u1351-59 Frankford Ave0.27 mi
26u1400-10 Frankford Ave0.29 mi
In the news

What we're hearing about this project

U.S. Development completed the 107-unit Frankford Grand at 1120 Frankford Ave, with leasing beginning September 18, 2024.
First move-ins at Frankford Grand began September 15, 2024, with amenities including rooftop deck, outdoor kitchen, and 15,000 square feet of retail space.
The five-story building at 1120 Frankford Ave spans two city blocks with 50 studios, 32 one-bedrooms, and 25 two-bedrooms, designed by Perkins Eastman.
The project features industrial-style design with brick façade and black loft-style windows, with apartment leasing underway as of September 18, 2024.
Perkins Eastman served as architect for the mixed-use development featuring 107 units with red-brick façade inspired by Philadelphia's working-class history.
News items are compiled automatically and may be approximate — verify before relying on them.
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.