1700 N Front StDelivered

A 204-unit residential building is set to rise at 1700 N Front St in Fishtown, one of the larger new-construction projects underway in Philadelphia this cycle. It was cleared to build in Dec 7, 2021.

The 45,273 sq ft site is zoned CMX2.5, which supports a building on the order of 5 stories by right. The parcel last changed hands in 2022. The plans call for new construction of a five (5) story structure for use as shell commercial spaces (use registration and fit-out permits required prior to occupancy) and two hundred four (204) dwelling units as per approved plans. building to utilize horizontal separations to create two (2) separate buildings with two (2) different construction types (1st floor - type ia and 2nd through 5th floors - type va). building to be fully sprinklered per nfpa 13 and include standpipes per nfpa 14. fire watch required per code bulletin f-2001. *2018 ibc review* **separate permits required for mep & fire suppression work** amendment approved 5/26/22 amend new construction permit cp-2021-006945 for changes to foundation design to be within property lines as per approved plans. amendment approved 9/21/22 amend new construction permit cp-2021-006945 for changes to elevator hoistway, foundation design and amenity spaces as per approved plans. amendment approved 4/8/24 amend new construction permit cp-2021-006945 to include ductwrap enclosure for grease duct in lieu of shaft enclosure as per approved plans and manufacturer's specifications. amendment approved 5/23/24 amend new construction permit cp-2021-006945 to include reconfiguration of shell retail spaces and conversion of twenty-four (24) dwelling units to short term rental units as per approved plans. .

The owner of record is 1700 North Front Owner 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, 12 other major projects have broken ground since 2022 — roughly 496 units of new supply — including the 55-unit project at 1713 N Front St, the 40-unit project at 1716 Frankford Ave, the 9-unit project at 1700 Frankford Ave. 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?