108-unit residential new construction, zoned IRMX.


A six-story, 108-unit apartment building is under construction at 2000–20 East Hagert Street in Fishtown, a sizable residential project that dedicates its basement and first floor to artist studios, artisan industrial space, and accessory parking. The structure, cleared to build in March 2023, includes private unit decks and shared roof access, with the building rising on a roughly 20,000-square-foot parcel zoned IRMX. M&B Ybl I LLC, the owner of record since 2022, is pushing forward on a design that embraces mixed-use ambitions in a corridor that has leaned heavily residential in recent cycles.
The IRMX zoning allows the project to proceed by right, a helpful reality given the scale and the live-work programming on the lower floors. That artist-and-artisan component sets this apart from the steady march of straight multifamily deliveries in the surrounding blocks, though whether those ground-floor uses prove sustainable or morph into something else over time remains an open question. Construction amendments filed in May 2023 adjusted sheeting and shoring plans due to field conditions, and the scope includes underpinning work for the adjacent property at 2019–53 East Boston Street—a sign of the tight urban fabric this project navigates.
The building lands in a neighborhood already absorbing considerable new density. Within a half-mile radius, roughly 425 units are either delivered or in the pipeline, including a 60-unit project at 2221 North Front Street and a 31-unit building at 2112 North Front. The Hagert Street site is one of the larger plays in this batch, and its combination of residential volume and ground-floor flex space hints at a developer betting on continued demand for both rental housing and creative-commercial uses in a market that has tilted strongly toward the former.
How this project performs will likely influence the trajectory of nearby underused parcels, particularly along the Hagert and Boston corridors where industrial and warehouse stock still lingers. If the artist studios gain traction, it could validate similar hybrid approaches on adjacent sites; if they struggle, expect future developers to flatten the ground floor into more parking or amenity space. Either way, 108 units on a single parcel represents a meaningful density bump for a neighborhood still digesting the last decade's transformation.
📄 View the project's plan drawings (PDF)As this density arrives, InvestPHL is tracking 110 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 110 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.