110-unit residential new construction, zoned IRMX.
A 110-unit residential building is set to rise at 1501-25 N American St in Fishtown, one of the larger new-construction projects underway in Philadelphia this cycle. It was cleared to build in Nov 13, 2020.
The 20,340 sq ft site is zoned IRMX, which supports a building on the order of 6 stories by right. Records show the parcel last traded in 2020 for $3.8M. The plans call for new construction of a six (6) story structure to include vacant commercial space (use registration & fit-out permits required prior to occupancy), artist studios, one hundred ten (110) dwelling units and accessory parking spaces as per approved plans. building to utilize horizontal separations to create two (2) separate buildings with two (2) different construction types (basement & 1st floors - type ia and 2nd through 6th floors - type iiib). fire retardant treated studs and sheathing required for type iii construction. work to include sheeting and shoring for excavation protection. **building to be fully sprinklered per nfpa 13 and include standpipes per nfpa 14. *2018 ibc review* **separate permits required for mep & fire suppression work** amendment approved 5/12/22 amend new construction permit no. cp-2020-004980 for changes to floor layouts to include creation of horizontal exit as per approved plans. amendment approved 1/20/23 amend new construction permit no. cp-2020-004980 for changes to partition schedule as per approved plans. .
The owner of record is 1525 Na Property 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 808 units of new supply — including the 108-unit project at 1640-48 N Hancock St, the 12-unit project at 1733-41 N 2nd St, the 200-unit project at 1635 N 5th 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)As this density arrives, InvestPHL is tracking 120 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 120 nearby opportunities →Major (8+ unit) new-construction projects filed within a half-mile since 2022 — the density gathering around this site.