502 Cecil B Moore AveDelivered

A 8-unit mixed-use building is set to rise at 502 Cecil B Moore Ave in Fishtown, the kind of by-right infill quietly reshaping the block. It was cleared to build in Aug 30, 2019.

The site is zoned IRMX, which supports a building on the order of 4 stories by right. The parcel last changed hands in 2021. The plans call for for the erection of a new four (4) story semi-detached structure (with a roof deck accessed by pilot houses (to enclose access stairs only)) to be used as vacant commercial space at the ground floor (separate use registration and fit-out permits required prior to occupancy) with groups a-3/r-2 above (eight (8) dwelling units w/common access roof deck), as per plans; separate permits required for all mep/fsp work; building to be fully sprinklered throughout in accordance with nfpa 13/13r and with standpipes within exit stairways in accordance with nfpa 14; see ap#967616 for foundation permit; see ap#929685 for zoning/use approval; pedestrian protection required as per ibc section 3306; see ap#986856 for plans and supplemental documents.

The owner of record is N5 Square Flats 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 787 units of new supply — including the 200-unit project at 1635 N 5th St, the 8-unit project at 1545 N 6th St, the 89-unit project at 1832 Germantown 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?