47-unit residential new construction, zoned CMX2.
A 47-unit residential building is set to rise at 1221 E Fletcher St in Fishtown & East Kensington, a mid-scale addition to one of the city's busier development corridors. It was cleared to build in Dec 7, 2021.
The site is zoned CMX2, which supports a building on the order of 4 stories by right. The parcel last changed hands in 2023. 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 forty-five (45) dwelling units as per approved plans. building to be fully sprinklered per nfpa 13 and include standpipes per nfpa 14. amended permit required to submit truss drawings prior to installation. work to include temporary excavation protection. fire watch required per code bulletin f-2001 *2018 ibc review* **separate permits required for mep & fire suppression work** amendment approved 3/21/22 amend new construction permit cp-2021-003609 for changes to building structure as per approved plans. amendment approved 5/21/23 amend new construction permit cp-2021-003609 for changes to building as per approved plans. amended plans to include manufacturer's truss drawings. .
The owner of record is 1221 Fletcher 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, 1 other major projects have broken ground since 2022 — roughly 155 units of new supply — including the 155-unit project at 2507 Almond 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 23 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 23 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.