8-unit residential new construction, zoned ICMX.
A 8-unit residential building is set to rise at 2653-61 Salmon St in Fishtown & East Kensington, the kind of by-right infill quietly reshaping the block. It was cleared to build in Apr 1, 2021.
The 5,175 sq ft site is zoned ICMX, which supports a building on the order of 3 stories by right. The parcel last changed hands in 2020. The plans call for for the level iii alterations and addition with a complete change of occupancy per approved plans. building to be fully sprinklered with nfpa 13r minimum. separate permits required for mechanical, electrical, plumbing and fire suppression.
The owner of record is Salmon Street Holdings 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, 3 other major projects have broken ground since 2022 — roughly 206 units of new supply — including the 36-unit project at 2640-48 E Lehigh Ave, the 155-unit project at 2507 Almond St, the 15-unit project at 2976 Richmond 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 10 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 10 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.