10-unit residential new construction, zoned ICMX.
A 10-unit residential building is set to rise at 304-08 Master St in Fishtown, the kind of by-right infill quietly reshaping the block. It was cleared to build in Aug 28, 2019.
The 3,360 sq ft site is zoned ICMX, which supports a building on the order of 5 stories by right. Records show the parcel last traded in 2018 for $650K. The plans call for for the erection of a five story structure of type 1a construction @ the 1st floor level and va constrcution from 2nd -5th floor level, with roof decks and roof deck access structures; for a vacant commercial space at first floor ( use registration permit required prior to occupancy) in the same building with multi-family household living (ten (10) dwelling units) from second floor through fifth (5th) floors and creation of one(1) loading space at open space. separate permit required for mep and fire suppression work.
The owner of record is L&H Property Management L. 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 882 units of new supply — including the 166-unit project at 310 W Girard Ave, the 10-unit project at 1139-41 N 3rd St, the 200-unit project at 1635 N 5th St. 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 127 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 127 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.