Market Insights  /  Fishtown & East Kensington
Development Watch · Fishtown & East Kensington

1700 Frankford AveDelivered

9-unit residential new construction, zoned CMX2.

A three-story mixed-use building with nine apartments and ground-floor commercial space is now complete at 1700 Frankford Avenue, filling a 4,351-square-foot site along one of Fishtown's most active retail corridors. The project, which cleared approvals in mid-2023, required underpinning work and is fully sprinklered. The commercial component was originally planned as a single shell but was later divided into three separate storefronts—a smart flex that should help lease-up in a neighborhood where smaller, independent operators tend to thrive better than large-format tenants. A subsequent amendment revised the residential layouts upstairs, suggesting the developer fine-tuned the unit mix as construction progressed.

The site is zoned CMX2, which permits the building by right without zoning relief or variance theatrics. Ownership sits with 1700 Frankford Owner LLC, which acquired the parcel in 2022 and moved quickly to get shovels in the ground. The timing lined up with a broader wave of infill development along this stretch—within a half-mile radius, roughly 500 new units have either delivered or are in the pipeline, including notable projects at 1716 Frankford (40 units), 1713 N Front (55 units), and the much larger 114-unit building at 1440 N Front.

What stands out here is the project's modest scale in a corridor increasingly dominated by larger plays. Nine units isn't moving the needle on housing supply, but it's a disciplined approach to an irregular lot that might have sat vacant longer in less frothy times. The decision to carve out three retail bays rather than one also reflects a realistic read of Frankford Avenue's tenant pool, where quirky, chef-driven spots and boutique shops tend to outperform chains.

The delivery adds another data point for owners eyeing similar underused lots in the immediate area. With CMX2 zoning allowing three stories of mixed-use by right and construction costs still penciling—at least for now—shallow infill sites like this one remain viable candidates for small-scale projects. Whether the next round of development tilts toward scrappier nine-unit buildings or continues the push toward 40-plus-unit mid-rises will depend largely on how quickly the current pipeline absorbs and what the for-sale market does in the next 12 months.

📄 View the project's plan drawings (PDF)
Schematic massing — illustrative of the ~3-story by-right envelope, not the developer's design.
Units
9
Zoning
CMX2
By-right envelope
~3 stories
Lot
4,351 sq ft
Last sale
$2.0M · 2022
Cleared to build
May 30, 2023
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 98 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 · 0.10 mi away
Max bid to a builder $4.4M · Opportunity Score 98
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~56buildable units
████████ Street
CMX2 · 0.49 mi away
Max bid to a builder $2.3M · Opportunity Score 98
Unlock →
~338buildable units
████████ Street
ICMX · 0.43 mi away
Max bid to a builder $7.1M · Opportunity Score 98
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~239buildable units
████████ Street
CMX2.5 · 0.47 mi away
Max bid to a builder $4.6M · Opportunity Score 98
Unlock →
~179buildable units
████████ Street
ICMX · 0.19 mi away
Max bid to a builder $3.4M · Opportunity Score 94
Unlock →
Unlock the 98 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.

40u1716 Frankford Ave0.04 mi
55u1713 N Front St0.05 mi
114u1442 N Front St0.15 mi
26u1400-10 Frankford Ave0.20 mi
61u1351-59 Frankford Ave0.21 mi
9u1828 Frankford Ave0.22 mi
108u1640-48 N Hancock St0.22 mi
9u1751 Tilghman St0.26 mi
Progress

How this project is moving

Cleared for occupancy ~100% 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.