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

950 Marlborough StUnder construction

26-unit residential new construction, zoned RSA5.

Developer1212 North Delaware Avenue QOZ LLC / Philly Capital GroupArchitectGnome ArchitectsStatusPermits issued December 2025
Rendering of 950 Marlborough St — Five-Story, 26-Unit Building Planned at 950 Marlborough Street in Fishtown
Five-Story, 26-Unit Building Planned at 950 Marlborough Street in Fishtown
Rendering of 950 Marlborough St — 28 Units Could Rise Near Penn Treaty Park
28 Units Could Rise Near Penn Treaty Park
Published renderings · via phillyyimby.com. Shown for informational purposes; rights belong to the original creator.See the source →

A five-story, 26-unit building is under construction at 950 Marlborough Street in Fishtown, cleared to build late last year on a roughly 6,100-square-foot lot. The project will employ a split construction approach—heavier Type IA for the basement and first floor, lighter Type VA wood framing above—connected through horizontal separations that technically create two buildings under one roof. Amenities include a common roof deck, accessory parking, and full sprinkler and standpipe systems, with an amendment approved in May 2026 updating the foundation design.

The site sits in an RSA5 zone, which permits multifamily construction by right at this density, and was acquired in 2024 by 1212 North Delaware Avenue Qoz LLC. The ownership entity signals a likely link to the opportunity-zone-fueled development wave reshaping this stretch of Fishtown, where developers have tapped federal tax incentives to assemble infill parcels and push five-over-one construction into formerly industrial blocks.

The Marlborough project lands amid one of the neighborhood's densest development corridors, with nearly 800 units either delivered or in the pipeline within a half-mile radius. That cluster includes the 182-unit tower at 1130 North Delaware, a 107-unit building at 1122 Frankford, and several other mid-rise projects along Delaware Avenue and Frankford Avenue. The scale here is more modest, but the parcel size and zoning fit a pattern: small lots along secondary streets getting penciled into rowhouse-replacement multifamily as larger assemblages take the arterials.

What's notable is how quickly RSA5 has become the default tool for filling in the edges of Fishtown's grid. As Delaware Avenue and Frankford continue absorbing hundred-plus-unit projects, side streets like Marlborough are seeing 20- to 30-unit buildings slot into lots that once held single garages or shallow industrial sheds. The economics clearly work at this scale, and every similar parcel within walking distance of the riverfront is now a candidate for the same treatment.

📄 View the project's plan drawings (PDF)
Schematic massing — illustrative of the ~5-story by-right envelope, not the developer's design.
Units
26
Zoning
RSA5
By-right envelope
~5 stories
Lot
6,089 sq ft
Last sale
$3.1M · 2024
Cleared to build
Dec 9, 2025
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 59 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.

~88buildable units
████████ Street
CMX3 · 0.26 mi away
Max bid to a builder $6.1M · Opportunity Score 100
Unlock →
~119buildable units
████████ Street
CMX3 · 0.48 mi away
Max bid to a builder $8.3M · Opportunity Score 100
Unlock →
~81buildable units
████████ Street
CMX3 · 0.41 mi away
Max bid to a builder $5.6M · Opportunity Score 100
Unlock →
~78buildable units
████████ Street
CMX3 · 0.33 mi away
Max bid to a builder $5.3M · Opportunity Score 100
Unlock →
~165buildable units
████████ Street
CMX3 · 0.31 mi away
Max bid to a builder $11M · Opportunity Score 99
Unlock →
Unlock the 59 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.

62u1212-16 N Delaware Ave0.04 mi
182u1130 N Delaware Ave0.04 mi
78u1000-10 N Delaware Ave0.22 mi
107u1122 Frankford Ave0.23 mi
61u1351-59 Frankford Ave0.37 mi
84u130 W Girard Ave0.39 mi
84u130 W Girard Ave0.39 mi
26u1400-10 Frankford Ave0.40 mi
In the news

What we're hearing about this project

Permits were issued for a five-story residential building with 26 dwelling units and interior parking, with construction cost listed at $3.64 million.
Project received support from Fishtown Neighborhood Association in November 2024 and was heading to Zoning Board for final approval.
Part of North Delaware Avenue development bringing 86 total units across two buildings with unified design and shared public plaza.
News items are compiled automatically and may be approximate — verify before relying on them.
Progress

How this project is moving

Structure ~60% 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.