Market Insights  /  Fishtown & East Kensington
Development Watch · Fishtown & East Kensington

2000-20 E Hagert StUnder construction

108-unit residential new construction, zoned IRMX.

Rendering of 2000-20 E Hagert St — Construction Underway at 2000-20 East Hagert Street in East Kensington
Construction Underway at 2000-20 East Hagert Street in East Kensington
Rendering of 2000-20 E Hagert St — Parkview Financial Provides $19.8M Construction Loan for Development of 2000 E. Hagert
Parkview Financial Provides $19.8M Construction Loan for Development of 2000 E. Hagert
Published renderings · via phillyyimby.com. Shown for informational purposes; rights belong to the original creator.See the source →

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)
Schematic massing — illustrative of the ~6-story by-right envelope, not the developer's design.
Units
108
Zoning
IRMX
By-right envelope
~6 stories
Lot
20,246 sq ft
Last sale
$3.6M · 2022
Cleared to build
Mar 22, 2023
For developers & investors

Underpriced parcels near this project

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.

~131buildable units
████████ Street
ICMX · 0.42 mi away
Max bid to a builder $5.6M · Opportunity Score 99
Unlock →
~259buildable units
████████ Street
ICMX · 0.40 mi away
Max bid to a builder $11M · Opportunity Score 99
Unlock →
~240buildable units
████████ Street
ICMX · 0.45 mi away
Max bid to a builder $10M · Opportunity Score 99
Unlock →
~233buildable units
████████ Street
CMX2 · 0.42 mi away
Max bid to a builder $10.0M · Opportunity Score 98
Unlock →
~69buildable units
████████ Street
CMX3 · 0.18 mi away
Max bid to a builder $2.9M · Opportunity Score 98
Unlock →
Unlock the 110 nearby opportunities →
The block

What else is rising nearby

Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.

60u2221 N Front St0.17 mi
16u2456 Frankford Ave0.18 mi
14u2214 N Front St0.19 mi
22u2406 Frankford Ave0.21 mi
31u2112 N Front St0.27 mi
18u2520 N Front St0.29 mi
28u2406 Mascher St0.31 mi
8u2034 N Front St0.32 mi
In the news

What we're hearing about this project

Construction was underway as of September 2024 for the seven-story, 108-unit residential building designed by T + Associates with Greenzang Inc. as contractor.
M&B Development secured $19.8 million construction financing in November 2023 with completion anticipated in early 2025 for the 108-unit mixed-use project.
Excavation work was continuing in October 2023 with permits listing Top Measure LLC as contractor and a construction cost of $7.4 million.
Renderings were revealed in January 2022 for the 93,832-square-foot building featuring 13 artist studios, underground parking for 19 cars, green roof and roof deck.
News items are compiled automatically and may be approximate — verify before relying on them.
Progress

How this project is moving

Interior systems ~62% complete
Estimated from the construction permit sequence — an approximation of stage, not a precise schedule.
Every logged milestone appears here — highlighted ones are the headline stages; the rest track interim construction activity. Checked daily.
Compiled by InvestPHL. Unit counts, scope, and ownership are as recorded and subject to revision; the massing figure is a schematic illustration of the by-right envelope, not the developer's design or a marketing rendering. Verify zoning, status, and title with counsel before acting. InvestPHL does not list, market, or represent any property, buyer, or seller.