Market Insights  /  Fishtown
Development Watch · Fishtown

1952-58 N Front StUnder construction

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

A 46-unit residential building is set to rise at 1952-58 N Front St in Fishtown, a mid-scale addition to one of the city's busier development corridors. It was cleared to build in Nov 15, 2021.

The 10,230 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 2021. The plans call for new construction (more than 2/3 of joists and exterior wall replacement) of a five (5) story structure with shared roof deck * pilot house for use as shell commercial spaces (use registration & fit-out permits required prior to occupancy) and forty-six (46) dwelling units as per approved plans. building to utilize horizontal separations to create two (2) separate buildings with two (2) different construction types (basement & 1st floor - type ia and 2nd through 5th floors - type va). building to be fully sprinklered per nfpa 13 and include 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 3/28/23 amend new construction permit cp-2021-006704 for changes to building design including reduction of footprint, removal of basement level and inclusion of horizontal exit as per approved plans. amendment approved 12/8/23 amend new construction permit cp-2021-006704 for changes to building design to include change of design professional, changes to building layout and structural framing as per approved plans. amendment approved 8/17/24 amend new construction permit cp-2021-006704 for change to combustible stairway construction as per approved plans and bbs variance no. mi-2024-004116. amendment approved 7/19/25 amend new construction permit cp-2021-006704 for change to dprc-si as per approved documents. amendment approved 8/25/26 amend new construction permit cp-2021-006704 for changes to window headers as per approved plans. .

The owner of record is North 2nd 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 534 units of new supply — including the 32-unit project at 1924 N Front St, the 8-unit project at 2034 N Front St, the 31-unit project at 2112 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
46
Zoning
CMX2.5
By-right envelope
~5 stories
Lot
10,230 sq ft
Last sale
2021
Cleared to build
Nov 15, 2021
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 119 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 · 0.27 mi away
Max bid to a builder $4.4M · Opportunity Score 98
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~239buildable units
████████ Street
CMX2.5 · 0.14 mi away
Max bid to a builder $4.6M · Opportunity Score 98
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~179buildable units
████████ Street
ICMX · 0.39 mi away
Max bid to a builder $3.4M · Opportunity Score 94
Unlock →
~140buildable units
████████ Street
ICMX · 0.29 mi away
Max bid to a builder $2.8M · Opportunity Score 92
Unlock →
~138buildable units
████████ Street
ICMX · 0.44 mi away
Max bid to a builder $2.7M · Opportunity Score 92
Unlock →
Unlock the 119 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.

32u1924 N Front St0.04 mi
8u2034 N Front St0.08 mi
31u2112 N Front St0.15 mi
21u1931 N 2nd St0.18 mi
13u1935 N 2nd St0.19 mi
9u1828 Frankford Ave0.19 mi
40u2034 N 2nd St0.23 mi
285u1901 N American St0.25 mi
Progress

How this project is moving

Life-safety systems ~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.