430 W Berks StCleared to build

A 8-unit residential building is set to rise at 430 W Berks St in Fishtown, the kind of by-right infill quietly reshaping the block. It was cleared to build in Nov 30, 2021.

The 1,440 sq ft site is zoned RM1, which supports a building on the order of 4 stories by right. The parcel last changed hands in 2020. The plans call for for the erection of a four story semi-attached structure for use as a multi-family household living (eight residential units). structure has private roof decks for units 5-8 with associated roof deck access stuctures. building is fully sprinklered in accordance with nfpa 13r and standpipes to be provided in the 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. **a covered walkway or sidewalk closure shall be required within 10 feet of the building facade in accordance with section 3306 of the 2018 ibc. ***separate building and/or streets department permit required prior to the start of any work. separate permiits to be obtained for all other work.

The owner of record is Gladwell Properties 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 736 units of new supply — including the 8-unit project at 1850 N Leithgow St, the 18-unit project at 439-45 W Berks 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?