Market Insights  /  Northern Liberties
Development Watch · Northern Liberties

1148 N 2nd StUnder construction

0-unit residential new construction, zoned CMX3.

A 0-unit residential building is set to rise at 1148 N 2nd St in Northern Liberties, the kind of by-right infill quietly reshaping the block. It was cleared to build in Jan 23, 2023.

The 13,130 sq ft site is zoned CMX3, which supports a building on the order of 8 stories by right. Records show the parcel last traded in 2024 for $408K. The plans call for install 3 inch water service, 1 building drain, 1 curb trap, 1 fai, 1 backflow preventer, 1 sump pump, 1 booster pump, 5 garage drains, 8 roof drains, 1 sand interceptor, 89 shower/tubs, 90 water closets, 95 lavatories, 44 kitchen sinks, 44 washing machine boxes and 44 hot water heaters according to the ppc.

The owner of record is Lianaj Egi. 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 1,093 units of new supply — including the 10-unit project at 1139-41 N 3rd St, the 84-unit project at 130 W Girard Ave, the 84-unit project at 130 W Girard Ave. 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 ~8-story by-right envelope, not the developer's design.
Units
Zoning
CMX3
By-right envelope
~8 stories
Lot
13,130 sq ft
Last sale
$408K · 2024
Cleared to build
Jan 23, 2023
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 143 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.

~88buildable units
████████ Street
CMX3 · 0.28 mi away
Max bid to a builder $6.1M · Opportunity Score 100
Unlock →
~119buildable units
████████ Street
CMX3 · 0.20 mi away
Max bid to a builder $8.3M · Opportunity Score 100
Unlock →
~81buildable units
████████ Street
CMX3 · 0.39 mi away
Max bid to a builder $5.6M · Opportunity Score 100
Unlock →
~93buildable units
████████ Street
CMX3 · 0.27 mi away
Max bid to a builder $6.5M · Opportunity Score 100
Unlock →
~98buildable units
████████ Street
CMX2 · 0.39 mi away
Max bid to a builder $6.7M · Opportunity Score 100
Unlock →
Unlock the 143 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.

10u1139-41 N 3rd St0.11 mi
84u130 W Girard Ave0.12 mi
84u130 W Girard Ave0.12 mi
166u310 W Girard Ave0.12 mi
107u1122 Frankford Ave0.29 mi
26u1400-10 Frankford Ave0.32 mi
61u1351-59 Frankford Ave0.34 mi
114u1442 N Front St0.35 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.