24-unit residential new construction, zoned RSA5.
A 24-unit residential building is set to rise at 2020 Dreer St in Fishtown & East Kensington, the kind of by-right infill quietly reshaping the block. It was cleared to build in May 1, 2019.
The 7,012 sq ft site is zoned RSA5, which supports a building on the order of 4 stories by right. The parcel last changed hands in 2018. The plans call for for the erection of a five (5) story attached structure of type ia construction at the first story and below and type va constriction above the first story with a three (3) hour fire rated horizontal assembly above the first story creating two separate buildings. for 24 dwelling units above the first story. all work as per plans. separate certificate of occupancy required for the first floor and basement. separate permits required for all mechanical, electrical, plumbing and fire suppression work. amendment (9/8/2021) for the new rooftop deck layout as per plans. .
The owner of record is 2020 Dreer Street LLC.
It isn't rising in isolation. Within a half-mile, 12 other major projects have broken ground since 2022 — roughly 643 units of new supply — including the 8-unit project at 2034 N Front St, the 31-unit project at 2112 N Front St, the 32-unit project at 1924 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?
As this density arrives, InvestPHL is tracking 107 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 107 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.