15-unit residential new construction, zoned CMX3.
A 15-unit residential building is set to rise at 1233-37 N Front St in Fishtown, the kind of by-right infill quietly reshaping the block. It was cleared to build in Nov 19, 2021.
The 5,400 sq ft site is zoned CMX3, which supports a building on the order of 4 stories by right. Records show the parcel last traded in 2022 for $1.6M. 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 fourteen (14) dwelling units as per approved plans. building to be fully sprinklered and include standpipes per nfpa 14. fire watch required per department code bulletin f-2001 *2018 ibc review* **separate permits required for mep & fire suppression work**.
The owner of record is Arelia Group 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 1,000 units of new supply — including the 84-unit project at 130 W Girard Ave, the 84-unit project at 130 W Girard Ave, the 107-unit project at 1122 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?
📄 View the project's plan drawings (PDF)As this density arrives, InvestPHL is tracking 117 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 117 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.