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


A five-story, 204-unit apartment building has been delivered at 1700 N Front St in Fishtown, anchoring a sizable lot just over an acre in size. The building was cleared to build in late 2021 and uses a hybrid construction approach—Type IA on the ground floor to accommodate shell commercial spaces, with Type VA wood-frame construction on the upper four residential floors. The project includes 24 units designated as short-term rentals, a configuration shift approved in mid-2024, along with ground-floor retail that will require separate fit-out work before tenants can move in.
The site is zoned CMX2.5, a by-right mixed-use designation common along Front Street's commercial spine, and is controlled by 1700 North Front Owner LLC, which acquired the parcel in 2022. Several design amendments were approved between 2022 and 2024, including foundation adjustments to keep footings within property lines, elevator hoistway changes, and reconfigured retail shells. The mix of market-rate apartments and short-term units reflects a developer bet on both long-term renters and the neighborhood's growing appeal to visitors.
The building lands in the middle of a development cluster that's added nearly 500 units within a half-mile, including a 108-unit project at 1640-48 N Hancock and a 55-unit building at 1713 N Front. At this scale, 1700 N Front is among the largest in the immediate area, marking a continuation of Fishtown's shift from scattered infill to full-block, podium-style multifamily. The Front Street corridor still holds a scattering of underbuilt lots and single-story commercial strips, and this project sets a clear precedent for what CMX2.5 can yield when assembled at scale.
With the building now delivered, attention turns to how quickly the retail shells lease up and whether the short-term rental component captures sustained demand. The project's size and mixed-income housing potential—though no affordability component is noted here—suggest that larger parcels along Front are ripe for similar plays, particularly where owners can consolidate multiple tax keys and push toward the zoning envelope's upper limits.
📄 View the project's plan drawings (PDF)As this density arrives, InvestPHL is tracking 115 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 115 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.