528-40 W Oxford StDelivered

A 30-unit residential building is set to rise at 528-40 W Oxford St in Fishtown, the kind of by-right infill quietly reshaping the block. It was cleared to build in Jun 18, 2019.

The 7,123 sq ft site is zoned IRMX, which supports a building on the order of 6 stories by right. Records show the parcel last traded in 2022 for $9.7M. The plans call for amendment ii: for the amendment of ap#945545 to document horizontal exit from the second floor level to the roof assembly as shown per approved plans. if field conditions vary contact structural engineer prior to the start of any work. separate permits to be obtained for all other work. amendment i: for the amendment of ap#945545 to document change in building elements, structure is still comprised of type ia construction for the ground floor level and type iiib construction for second floor and above. all work to be done per approved amended plans. original: for the erection of a six story structure comprised of type ia construction for the ground floor level and type iiib construction for second floor and above. building for use as accessory storage in the basement level, with accessory parking and vacant commercial space (separate use permit and fitout required prior to occupancy) on the basement through first floor level with thirty (30) dwelling units (type a and type b units) from the second through sixth floor level. building to contain roof deck accessed by two separate roof deck access structures accessed by residential occupants only. building has an elevator, making the structure fully accessible. building to be fully sprinklered in accordance with nfpa 13 with standpipes to be provided in exit stairways per nfpa 14. all work to be done per approved plans. if field conditions vary contact design engineer prior to the start of any work. separate permits to be obtained for all other work.a covered walkway or sidewalk closure shall be required within 15 feet of the building facade in accordance with section 3306 of the 2009 ibc. separate building and/or streets department permit required prior to the start of any work.

The owner of record is Oxford Flats Manor Residential LP. 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 947 units of new supply — including the 8-unit project at 1545 N 6th St, the 200-unit project at 1635 N 5th St, the 89-unit project at 1832 Germantown 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?