146-unit residential new construction, zoned ICMX.


A 146-unit residential building is under way at 2001 E Lehigh Ave in Fishtown & East Kensington, cleared to build as of early February. The six-story structure spans a 34,256-square-foot lot and includes 54 below-grade parking spaces, 56 bike parking spots, and two ground-floor commercial shells that will need separate use registration before tenants move in. An accessory roof deck and horizontal exits between floors round out the program, all under the ICMX zoning envelope that allows the scale by right.
The project is controlled by 2001 Lehigh LLC, which picked up the site in 2025. The developer is banking on a location that sits near the convergence of transit corridors and industrial-conversion activity, where mid-rise multifamily has become the default play for larger assemblages. The unit count here dwarfs most nearby additions—2654-64 Coral brought 41 units, 2721-69 Ruth delivered 44, and 2855 Janney added 47—but together they represent more than 320 units landing within half a mile, a density shift that would have seemed improbable a decade ago.
The scale and ground-floor retail placeholders suggest the developer expects this stretch of Lehigh to function as more than a pass-through. Whether two commercial storefronts can anchor a block still dominated by low-slung industrial holdovers depends on how quickly the surrounding wave fills in, but the zoning and lot sizes in the area make similar moves feasible for anyone willing to assemble and wait. This project sets a template for what underused parcels nearby could absorb, especially as the neighborhood's eastern edge continues to densify along the Frankford Avenue spine.
📄 View the project's plan drawings (PDF)As this density arrives, InvestPHL is tracking 45 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 45 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.