108-unit residential new construction, zoned ICMX.
A 108-unit residential building is set to rise at 1640-48 N Hancock St in Fishtown, one of the larger new-construction projects underway in Philadelphia this cycle. It was cleared to build in Jul 7, 2026.
The 20,628 sq ft site is zoned ICMX, which supports a building on the order of 6 stories by right. Records show the parcel last traded in 2006 for $400K. The plans call for new construction of a six (6) story structure to include vacant commercial spaces (use registration & fit-out permits required prior to occupancy), one hundred eight (109) dwelling units and accessory parking garage as per approved plans. building to utilize horizontal separations to create two (2) separate buildings with two (2) different construction types (basment and 1st floor - type ia and 2nd through 6th floors - type iiia). building to contain horizontal exits. fire retardant treated studs and sheathing required for type iii construction. building to be fully sprinklered per nfpa 13 and include standpipes per nfpa 14. fire watch required per code bulletin f-2001. *2018 ibc* **separate permits required for mep & fire suppression work** *foundations approved under sp-2025-000545*.
The owner of record is Candice 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 816 units of new supply — including the 12-unit project at 1733-41 N 2nd St, the 9-unit project at 1751 Tilghman St, the 55-unit project at 1713 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 112 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 112 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.