Hanover North Broad Project

March 26, 2014 | by Brooke Willmes

The Zoning Board of Adjustment has unanimously approved the Hanover project that is slated to be built at 339 N. Board Street. The two large new buildings will redo the Broad and Callowhill intersections with large, modern mid-rise residential and retail buildings. It is a joint project led by the Houston-based developer,The Hanover Company, and by real estate developer Parkway Corporation, which owns both of the lots on which the new buildings will be built. At their zoning meeting the developers explained that the new mid-rise building will have a total of 339 rental apartments and 17,000 square feet of commercial retail space available. The building on the west side of Broad will be the larger of the two with six stories and 229 units. A�The building on the East side will be one third the size with 110 units and only five stories. Each building will have both public and private parking available. The public parking which is in great demand because of the nearby Hahnemann Hospital, will be on the first floor and underground levels of each building with the second floor being used as the private parking for future tenants. The large building on W. Broad will have the most of the project’s amenities, which would include a fitness center, a theater room, a pool in a courtyard, along with a clubhouse overlooking Broad Street. They will also support balconies, terraces and large windows. With development along Broad Street growing, this project joins several other ones such as the renovation of the former Thaddeus Stevens School at Broad and Spring Garden Streets. There is also a proposed Casino project that would be housed in the former Inquirer Building across Callowhill St. With a number of developments happening along Broad street, there could be an even larger demand for retail and residential space along the strip in the near future.

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