13-unit residential new construction, zoned RM1.
A 13-unit residential building is set to rise at 1235 N Franklin St in Fishtown, the kind of by-right infill quietly reshaping the block. It was cleared to build in Jul 24, 2020.
The 4,086 sq ft site is zoned RM1, which supports a building on the order of 5 stories by right. Records show the parcel last traded in 2019 for $685K. The plans call for new construction of a five (5) story thirteen-family dwelling as per approved plans. building required to be fully sprinklered per nfpa 13 with standpipes per nfpa 14. all exterior wall framing and sheathing to be fire retardant treated for type iiib construction. *2018 ibc* **separate permits required for mep & fire suppression work** amendment approved 11/18/20 amend permit cp-2020-000660 for revisions to floor layouts and creation of horizontal exit as per approved plans. amendment approved 2/24/21 amend permit cp-2020-000660 to change dprc-si to james a clancy, pe. .
The owner of record is Prestige Design On Frankl.
It isn't rising in isolation. Within a half-mile, 6 other major projects have broken ground since 2022 — roughly 704 units of new supply — including the 8-unit project at 1545 N 6th St, the 166-unit project at 310 W Girard Ave, the 200-unit project at 1635 N 5th 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 82 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 82 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.