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

2353-59 E Hagert StUnder construction

6-unit residential new construction, zoned RSA5.

A 6-unit residential building is set to rise at 2353-59 E Hagert St in Fishtown & East Kensington, the kind of by-right infill quietly reshaping the block. It was cleared to build in Aug 1, 2025.

The 3,674 sq ft site is zoned RSA5, which supports a building on the order of 3 stories by right. The parcel last changed hands in 2023. The plans call for for the erection of a three (3) story attached structure as per approved plans. for use as vacant commercial spaces (seprate certificate of occupancy required prior to occupancy) and six (6) dwelling units. structure to be fully sprinklered in accordance with nfpa 13. **separate permits required for mep and fire suppression work. **foundations complete under ap#1042651.***2018 ibc**.

The owner of record is 2353 E Hagert Street 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, 7 other major projects have broken ground since 2022 — roughly 372 units of new supply — including the 155-unit project at 2507 Almond St, the 22-unit project at 2406 Frankford Ave, the 16-unit project at 2456 Frankford 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 ~3-story by-right envelope, not the developer's design.
Units
6
Zoning
RSA5
By-right envelope
~3 stories
Lot
3,674 sq ft
Last sale
2023
Cleared to build
Aug 1, 2025
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 55 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.

~170buildable units
████████ Street
ICMX · 0.15 mi away
Max bid to a builder $7.5M · Opportunity Score 99
Unlock →
~223buildable units
████████ Street
ICMX · 0.21 mi away
Max bid to a builder $9.7M · Opportunity Score 99
Unlock →
~102buildable units
████████ Street
CMX2 · 0.16 mi away
Max bid to a builder $4.4M · Opportunity Score 98
Unlock →
~233buildable units
████████ Street
CMX2 · 0.41 mi away
Max bid to a builder $10.0M · Opportunity Score 98
Unlock →
~72buildable units
████████ Street
CMX2 · 0.39 mi away
Max bid to a builder $3.1M · Opportunity Score 98
Unlock →
Unlock the 55 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.

155u2507 Almond St0.21 mi
22u2406 Frankford Ave0.28 mi
16u2456 Frankford Ave0.30 mi
26u2626 Trenton Ave0.36 mi
9u1828 Frankford Ave0.44 mi
108u2000-20 E Hagert St0.48 mi
36u2640-48 E Lehigh Ave0.48 mi
Progress

How this project is moving

Life-safety systems ~78% 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.