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.

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 owner of record is Lianaj Egi.

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 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?

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
For developers & investors

Underpriced parcels near this project

As this density arrives, InvestPHL is tracking 144 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
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~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 144 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 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
114u1440 N Front St0.33 mi
61u1351-59 Frankford Ave0.34 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.