A large mixed-use development that's been dubbed the future "gateway" to North Broad St. broke ground yesterday. In 2014 developers Hanover Company and Parkway Corporation teamed up for the project, which will feature two six-story apartment buildings across the street from one another. (In a recent Philadelphia Business Journal article, the developers wouldn't divulge the cost of the project.) Although they'll be similar in design, the larger of the two will sit on the southwest corner of Broad and Callowhill and will feature 229 studio, one-, and two-bedroom apartments. It will also include 11,000 square feet of retail space, a two-level public parking garage, and bike storage. The second building on the southeast corner of Broad and Callowhill will have 110 rental units, 6,000 feet of retail, and its own parking garage and bike spaces as well.
Both buildings will feature a courtyard, clubhouse, screening room, and business center. As for the individual units, they'll each have stainless steel appliances, stone countertops, and hardwood floors. The goal of the "gateway" development is to "fill a large gap" and invigorate the area around Callowhill St, Hanover president John Nash said in a statement.
· Developers join forces to build 'gateway' project on North Broad [PBJ]
· Giant mixed-use development just proposed for North Broad [Curbed Philly]
· Hanover North Broad [Civic Design Review]