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

2001 E Lehigh AveUnder construction

146-unit residential new construction, zoned ICMX.

Rendering of 2001 E Lehigh Ave — 2001 East Lehigh Avenue Plans Call for a Six-Story, 146-Unit Mixed-Use Building With Below-Grade Parking
2001 East Lehigh Avenue Plans Call for a Six-Story, 146-Unit Mixed-Use Building With Below-Grade Parking
Rendering of 2001 E Lehigh Ave — After delays, Lehigh Avenue apartment project is ready to begin construction under a new owner
After delays, Lehigh Avenue apartment project is ready to begin construction under a new owner
Published renderings · via phillyyimby.com. Shown for informational purposes; rights belong to the original creator.See the source →

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)
Schematic massing — illustrative of the ~6-story by-right envelope, not the developer's design.
Units
146
Zoning
ICMX
By-right envelope
~6 stories
Lot
34,256 sq ft
Last sale
$2.5M · 2025
Cleared to build
Feb 3, 2026
For developers & investors

Underpriced parcels near this project

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.

~131buildable units
████████ Street
ICMX · 0.18 mi away
Max bid to a builder $5.6M · Opportunity Score 99
Unlock →
~259buildable units
████████ Street
ICMX · 0.10 mi away
Max bid to a builder $11M · Opportunity Score 99
Unlock →
~240buildable units
████████ Street
ICMX · 0.34 mi away
Max bid to a builder $10M · Opportunity Score 99
Unlock →
~233buildable units
████████ Street
CMX2 · 0.22 mi away
Max bid to a builder $10.0M · Opportunity Score 98
Unlock →
~69buildable units
████████ Street
CMX3 · 0.38 mi away
Max bid to a builder $2.9M · Opportunity Score 98
Unlock →
Unlock the 45 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 St0.06 mi
44u2721-69 Ruth St0.16 mi
26u2626 Trenton Ave0.24 mi
47u2855 Janney St0.39 mi
16u2456 Frankford Ave0.39 mi
108u2000-20 E Hagert St0.41 mi
22u2406 Frankford Ave0.48 mi
18u2520 N Front St0.48 mi
In the news

What we're hearing about this project

A commercial building permit has been issued for construction of the six-story mixed-use building with 146 residential units, two ground-floor commercial spaces, and 54 underground parking spaces, with construction costs
The property sold for $2.5 million in January 2025 to developer Roman Ovrutsky, and a demolition permit was issued with construction expected to begin by early spring 2026.
The zoning board unanimously approved the project designed by Designblendz in 2024, featuring a green roof and commercial space along the East Lehigh Avenue corridor.
Original proposal from developer Isaac Singleton called for 157 units before the project was later revised and sold to a new owner.
News items are compiled automatically and may be approximate — verify before relying on them.
Progress

How this project is moving

Interior systems ~62% 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.