10-unit residential new construction, zoned RM1.
A 10-unit residential building is set to rise at 1412-16 Germantown Ave in Fishtown, the kind of by-right infill quietly reshaping the block. It was cleared to build in May 10, 2019.
The 4,659 sq ft site is zoned RM1, which supports a building on the order of 4 stories by right. The parcel last changed hands in 2017. The plans call for for the erection of a four-story 10 dwelling unit structure with private roof deck accessed by pilot house as per plans. **separate permit required for m.e.p.s.**.
The owner of record is 495 Properties LLC.
It isn't rising in isolation. Within a half-mile, 12 other major projects have broken ground since 2022 — roughly 882 units of new supply — including the 200-unit project at 1635 N 5th St, the 166-unit project at 310 W Girard Ave, the 8-unit project at 1545 N 6th 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 125 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 125 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.