8-unit residential new construction, zoned RM1.
A 8-unit residential building is set to rise at 1827 N 5th St in Fishtown, the kind of by-right infill quietly reshaping the block. It was cleared to build in Jun 25, 2021.
The 12,145 sq ft site is zoned RM1, which supports a building on the order of 4 stories by right. The parcel last changed hands in 2020. The plans call for new construction of a four story building (building 4) with four (4) roof decks and roof deck access structures as per approved plans. **work to include underpinning to be monitored by a pa licensed pe at all times** building to be fully sprinklered and include standpipes. *2018 ibc review* **separate permits required for mep & fire suppression work** amendment approved 8/14/22 amend new construction permit no. cp-2020-006941 to change special inspections agency for soils and underpinning work as per revised statement of special inspections. .
The owner of record is Gladwell Properties 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 704 units of new supply — including the 18-unit project at 439-45 W Berks St, the 8-unit project at 1850 N Leithgow St, the 89-unit project at 1832 Germantown 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)As this density arrives, InvestPHL is tracking 129 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 129 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.