Market Insights  /  Fishtown
Development Watch · Fishtown

2046 N Front StDelivered

17-unit residential new construction, zoned CMX2.5.

A 17-unit residential building is set to rise at 2046 N Front St in Fishtown, the kind of by-right infill quietly reshaping the block. It was cleared to build in Apr 4, 2019.

The 4,784 sq ft site is zoned CMX2.5, which supports a building on the order of 5 stories by right. The parcel last changed hands in 2019. The plans call for for the erection of a five (5) story structure with a roof deck, and pilot house for use as vacant commercial space (separate permit required for co) and seventeen (17) dwelling units . structure is frame construction and equipped with an automatic sprinkler system (nfpa 13). separate permits will be required for plumbing, mechanical, electrical and fire suppression. a covered walkway or sidewalk closure shall be required within 14 feet of building façade in accordance with section 3306 of the ibc. separate building and/or streets department permits are required.

The owner of record is Fairmans Garret Holding 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 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?

📄 View the project's plan drawings (PDF)
Schematic massing — illustrative of the ~5-story by-right envelope, not the developer's design.
Units
17
Zoning
CMX2.5
By-right envelope
~5 stories
Lot
4,784 sq ft
Last sale
2019
Cleared to build
Apr 4, 2019
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 108 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.

~101buildable units
████████ Street
CMX2 · 0.37 mi away
Max bid to a builder $4.4M · Opportunity Score 98
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~69buildable units
████████ Street
CMX3 · 0.43 mi away
Max bid to a builder $2.9M · Opportunity Score 98
Unlock →
~239buildable units
████████ Street
CMX2.5 · 0.13 mi away
Max bid to a builder $4.6M · Opportunity Score 98
Unlock →
~179buildable units
████████ Street
ICMX · 0.49 mi away
Max bid to a builder $3.4M · Opportunity Score 94
Unlock →
~140buildable units
████████ Street
ICMX · 0.30 mi away
Max bid to a builder $2.8M · Opportunity Score 92
Unlock →
Unlock the 108 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.

8u2034 N Front St0.03 mi
31u2112 N Front St0.04 mi
32u1924 N Front St0.15 mi
14u2214 N Front St0.16 mi
60u2221 N Front St0.17 mi
40u2034 N 2nd St0.22 mi
13u1935 N 2nd St0.23 mi
21u1931 N 2nd St0.23 mi
Progress

How this project is moving

Cleared for occupancy ~78% 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.