1988 E Boston StDelivered

A 106-unit residential building is set to rise at 1988 E Boston St in Fishtown & East Kensington, one of the larger new-construction projects underway in Philadelphia this cycle. It was cleared to build in Sep 17, 2020.

The site is zoned IRMX, which supports a building on the order of 6 stories by right. The parcel last changed hands in 2025. The plans call for erection of a new six (6) story building, with basement, a roof deck and a roof access structure. structure to be fully sprinklered in accordance with nfpa 13. all work to be done per approved plans. separate permits required for mechanical, electrical, plumbing and fire suppression work. amendment approved as of 9/15/2021: for extra structural plan to specify the underpinning procedure. size and location as shown in amended plan. amendment approved as of 10/18/2021: for the change of occupancy (remove f-2 occupancy) and interior layout update as shown in amended plan. amendment approved as of 11/15/2021: for the shoring to the corner facing york street and emerald for the basement excavation and pour as per approved plan. amendment approved as of 3/4/2022 for the updating to the floor/truss construction as shown in the amended plan. .

The owner of record is York Partners Oz LP. 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 393 units of new supply — including the 108-unit project at 2000-20 E Hagert St, the 60-unit project at 2221 N Front St, the 14-unit project at 2214 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?