10-unit residential new construction, zoned CMX2.
A 10-unit residential building is set to rise at 2023 Frankford Ave in Fishtown & East Kensington, the kind of by-right infill quietly reshaping the block. It was cleared to build in Nov 30, 2021.
The 32 sq ft site is zoned CMX2, which supports a building on the order of 4 stories by right. The parcel last changed hands in 2022. The plans call for new construction of a four story structure for use as an eight (8) family dwelling and shell commercial space (separate permits required for fit-out prior to occupancy) as per approved plans. building required to be fully sprinklered per nfpa 13 and contain standpipes per nfpa 14. fire watch required per code bulletin f-2001. *2018 ibc review* **separate permits required for mep & fire suppression work** amendment approved 7/12/22 amend new construction permit no. cp-2020-000921 for changes to exterior facade and ground floor commercial space as per approved plans. amendment approved 12/8/22 amend new construction permit no. cp-2020-000921 for change to dprc-si & special inspections agency per special inspections forms and for changes to ground floor layout due to existing tunnel alley as per approved plans. amendment approved 2/25/23 amend new construction permit no. cp-2020-000921 to include underpinning as per approved plans. underpinning to be monitored at all times by a pa licensed pe. amendment approved 5/4/23 amend new construction permit no. cp-2020-000921 to include changes to foundations with additional benching and changes to basement layout as per approved plans. amendment approved 9/5/23 amend new construction permit no. cp-2020-000921 for changes to unit layouts as per approved plans. .
The owner of record is 2025 Frankford Owner 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 404 units of new supply — including the 9-unit project at 1828 Frankford Ave, the 32-unit project at 1924 N Front St, the 22-unit project at 2406 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)As this density arrives, InvestPHL is tracking 88 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 88 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.