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

2035 E Lehigh AveDelivered

13-unit residential new construction, zoned ICMX.

A 13-unit residential building is set to rise at 2035 E Lehigh Ave in Fishtown & East Kensington, the kind of by-right infill quietly reshaping the block. It was cleared to build in Jan 22, 2020.

The site is zoned ICMX, which supports a building on the order of 4 stories by right. Records show the parcel last traded in 2022 for $21M. The plans call for for the erection of an detached structure for a vacant commercial space on the ground floor and 13 dwelling units above. roof deck is not permitted under this application. building to be fully sprinklered. separate permits required for co, roof deck and meps work.see ap#1013255 for approved plans. for amendment permit to add spiral stairs for private access to roof deck from 4th floor units add private pilothouses and change roof deck to private use-only. c/o included for 13 dwelling units with private roof deck.

The owner of record is Kc Philly 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, 8 other major projects have broken ground since 2022 — roughly 450 units of new supply — including the 41-unit project at 2654-64 Coral St, the 146-unit project at 2001 E Lehigh Ave, the 26-unit project at 2626 Trenton 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?

📄 View the project's plan drawings (PDF)
Schematic massing — illustrative of the ~4-story by-right envelope, not the developer's design.
Units
13
Zoning
ICMX
By-right envelope
~4 stories
Last sale
$21M · 2022
Cleared to build
Jan 22, 2020
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 39 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.

~131buildable units
████████ Street
ICMX · 0.27 mi away
Max bid to a builder $5.6M · Opportunity Score 99
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~259buildable units
████████ Street
ICMX · 0.19 mi away
Max bid to a builder $11M · Opportunity Score 99
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~240buildable units
████████ Street
ICMX · 0.43 mi away
Max bid to a builder $10M · Opportunity Score 99
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~233buildable units
████████ Street
CMX2 · 0.14 mi away
Max bid to a builder $10.0M · Opportunity Score 98
Unlock →
~72buildable units
████████ Street
CMX2 · 0.45 mi away
Max bid to a builder $3.1M · Opportunity Score 98
Unlock →
Unlock the 39 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.

41u2654-64 Coral St0.09 mi
146u2001 E Lehigh Ave0.09 mi
26u2626 Trenton Ave0.17 mi
44u2721-69 Ruth St0.24 mi
47u2855 Janney St0.31 mi
16u2456 Frankford Ave0.38 mi
108u2000-20 E Hagert St0.43 mi
22u2406 Frankford Ave0.46 mi
Progress

How this project is moving

Cleared for occupancy ~100% 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.