28-unit residential new construction, zoned IRMX.
A 28-unit residential building is set to rise at 171 W Berks St in Fishtown, the kind of by-right infill quietly reshaping the block. It was cleared to build in May 7, 2020.
The 7,400 sq ft site is zoned IRMX, which supports a building on the order of 5 stories by right. Records show the parcel last traded in 2019 for $1.5M. The plans call for new construction of a five story structure with roof deck for use as multi-family dwelling (28 total units) with a shell non-residential space (use registration and c.o. permits required prior to occupancy) and accessory parking garage on the first floor as per approved plans. building to be fully sprinklered per nfpa 13 and include standpipes per nfpa 14. first floor to be of type ia construction and type va construction above per horizontal building separation allowance, section 510.2 of 2018 ibc. *2018* **separate permits required for mep & fire suppression work* amendment approved 2/12/21 amend new construction permit 1027527 to include horizontal exit at 2nd through 5th floors as per approved plans. .
The owner of record is 171 W Berks Alpha 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 601 units of new supply — including the 21-unit project at 1931 N 2nd St, the 13-unit project at 1935 N 2nd St, the 32-unit project at 1924 N Front 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 148 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 148 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.