Fishtown’s riverfront is getting another major lift, as North River Partners and Crestline Investors line up behind The Fairman, an 86-unit mixed-use project planned along the Delaware River. A $22 million construction loan will bankroll two mid-rise apartment buildings with studios, one- and two-bedroom units and a ground-floor retail space that spills out onto a public plaza. Developer PCG Investment says the site is just steps from Penn Treaty Park and promises river views from the new homes.
Deal Details
According to ConnectCRE, North River Partners and Crestline Investors have provided a $22 million construction loan for The Fairman. North River’s transactions page also lists a $22,000,000 Philadelphia multifamily development, confirming the lender’s role in the deal.
Developer And Site
PCG Investment lists The Fairman among its Philadelphia projects at 1212 N. Delaware Ave and includes the development in its current pipeline. The project’s official site pitches “stunning waterview living,” emphasizing river views, immediate access to Penn Treaty Park and proximity to Fishtown’s food and arts scene.
Design And Public Space
The Fairman’s plan pairs one seven-story building with one five-story building for a total of 86 residential units and a single retail storefront at street level. A public plaza is slated to sit next to the retail space, with a lobby entrance facing East Allen Street to help activate the pedestrian corridor. “This transaction exemplifies our continued partnership with North River Partners and our approach to structuring senior-secured capital behind well-positioned developments in high-growth markets,” Crestline Investors Director Wes Davidson said in a statement to ConnectCRE.
Timeline And Local Context
PCG’s project listing shows The Fairman as an active development with a Q2 2026 completion target and credits Gnome Architects for the design. The firm’s broader portfolio includes multiple Philadelphia properties, underscoring continued developer interest in Fishtown’s riverfront as more residential and retail space comes online.
With construction financing now locked in, PCG can move ahead with the build and bring new rental options to the Delaware River. Local stakeholders will be watching to see how the project’s plaza and retail space contribute to street life along the corridor as the site advances toward completion.
