Luxury Apartment Community Revitalizes Fairmount Neighborhood in Metro Philly Market

PHILADELPHIA, PA – Houston-based real estate developer, Hanover Company, has now become the newest kid on the block with Hanover North Broad, its latest luxury residential apartment building soon to open at the corner of North Broad and Callowhill.

Hanover North Broad boasts many unique features to the metro Philly leasing market including approximately 17,000 sq. feet of retail space alongside its residential quarters. Hanover’s latest luxury residence seeks to revitalize the metro Philly neighborhood with its signature design and amenities, along with its perfect proximity to the SEPTA, downtown parks, and cultural landmarks in the area.

Two former surface parking lots on Broad and Callowhill Streets just north of City Hall have now been revamped as two luxury residential apartment buildings. The buildings sit directly across from each other and include 339 studio, one-, and two-bedroom apartments. The east building contains a residential clubhouse, another unique feature to the urban leasing landscape in the area.

Hanover’s Adam Harbin says, “We are excited to bring Hanover to Center City. We believe the project will be well received, as there is pent-up demand for luxury rental housing in the Fairmount neighborhood. The ability to walk to Center City’s growing employment centers, including both Comcast Towers, and the cultural attractions of the Museum District and Fairmount Park, give Hanover North Broad a uniquely compelling location, and the product will be among the best in the City.”

Center City is experiencing a renaissance of residential properties to the area unseen since the early 19th century, mainly due to the city’s public works and revitalization of its streetscape, along with restored theaters and newly opened restaurants and cafes in the neighborhood. Hanover North Broad will be the latest to transform the historic Philadelphia neighborhood with its mixed use development by offering exclusive features and conveniences that include the following: Residents’ clubhouse which houses a private gym, lounge, and media room; Landscaped courtyards with outdoor grills and dining areas; Designer kitchens featuring stainless steel appliances and granite countertops; and Luxury finishes such as frameless cabinetry, expansive windows, and 9’6” soaring ceilings (one corner unit contains 16’ ceilings.)

Hanover Company, located in Houston, Texas, stands among the most active private real estate companies in the United States, specializing in the development of high quality multi-family residential properties across the nation. With over thirty years’ experience and an award-winning portfolio of residential high-rise, mid-rise, mixed-use and suburban projects, Hanover is focused on nationwide strategic growth through careful planning of its development pipeline and synergistic partnerships.