Developers join forces to build 'gateway' project on North Broad

Wednesday, December 16, 2015

Parkway Corp. of Philadelphia and Hanover Co. of Houston have partnered to construct on two key corners at Broad and Callowhill streets, which have the potential to reshape and create what is essentially a new gateway to North Broad Street in Philadelphia.

The development is called Hanover North Broad and consists of constructing two, 6-story apartment buildings that would have a total of 339 units, 330 parking spaces in a garage and retail space totaling 17,500 square feet.

Ken Mallin and Josh Nadel of MPN Real Estate arranged that transaction. Mallin and Veronica Blum of MPN are overseeing the leasing of the retail space at Hanover North Broad.