In the News...Hanover North Broad Development Officially Begins Construction

By: Melissa Romero

It's been nearly four years in the making, but a major development that aims to serve as a catalyst for North Broad Street's growth is finally under construction. Hanover North Broad, a multi-use development on North Broad and Callowhill Streets, officially broke ground this morning.

"This is going to be a first-class project," said Mayor Jim Kenney at the groundbreaking—his first since taking office in January.

The project, which technically already began construction in December, is a joint venture between Parkway Corporation and Hanover Company. Parkway's president Robert Zuritsky began meeting with Hanover's Adam Harbin about four years ago, showing Harbin various properties throughout the city. Ultimately, Hanover chose the North Broad Street site, two corners on Broad and Callowhill Streets just north of City Hall.

"It really was the site we fell in love with," said Harbin. "It has the opportunity to be transformative."

The development will include two six-story apartment buildings across the street from one another, serving as a gateway to the rest of North Broad. The larger building on the southwest corner will house 229 studio, one-, and two-bedroom apartments, as well as 11,000-square-feet of retail space. The other building will include 110 units and 6,000-square-feet of retail.

Both buildings will have public parking garages, bike spaces, interior courtyards, and access to a private clubhouse with a fitness center, screening room, and business center.

Zuritsky, who declined to divulge the total cost of the project, said construction should be complete in 18 months.

http://philly.curbed.com/2016/2/24/11105266/hanover-north-broad-development-groundbreaking