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 plotting of its development pipeline and synergistic partnerships.

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SCOTTSDALE, AZ – A new joint venture among funds managed by the real estate group of Ares Management and Kaplan Management Company announced the acquisition of a prime residential development site in Scottsdale, Arizona.

The 8.8-acre development, to be known as the District at the Quarter, will consist of 612 for-rent residential units and 7,000 square feet of commercial space upon completion. The project is located adjacent to the Scottsdale Quarter, a 1.2 million square-foot mixed-use lifestyle center featuring more than 80 high-end retailers, and is proximate to Kierland Commons, an open-air lifestyle center containing 700,000 square feet of specialty retail, office and residential uses. The project will be built in two phases, with the first phase (comprising 332 residential units) anticipated to open in 2018.

“The District at the Quarter is located in one of the strongest for-rent markets in Phoenix, and presents the opportunity to drive significant value by making a best-in-class living experience for residents. This positions the project as a strong addition to our opportunistic real estate strategy, which focuses on development and redevelopment opportunities in primary U.S. markets,” said Jay Glaubach, Managing Director in the Ares Real Estate Group. “This project also marks the beginning of a strong partnership with Kaplan, a proven developer and owner with a long track record of building high-quality multifamily projects.”

“The District at the Quarter represents an outstanding location and is a welcome addition to our development portfolio,” said Geoff Simpson, CFO of Kaplan Management Company. “It also represents Kaplan’s second development in Phoenix and its first with Ares Management, a partner we look forward to working with closely for many years.”

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CLARKSBURG, MD – Lennar is breaking ground on its first Innovative Living community, Clarksburg Square, with a Grand Opening event plotted for Saturday, January 21, 2017. As Maryland’s only Solar Standard community, the highly anticipated opening will showcase the home automation and energy saving technologies that are built right into the urban-inspired townhomes at Clarksburg Square.

The event will give prospects a sneak peek at the community’s decorated townhome model, The Cambridge, and to be the first to test out Lennar’s Innovative Living home automation system, included with the buy of each home at Clarksburg Square.

“This Grand Opening is particularly exciting, as every detail was thoughtfully considered when designing Clarksburg Square for our homeowners,” says Lennar Maryland Division President, Ryan Houck. “From the latest in urban, contemporary townhome designs to Lennar’s Innovative Living and solar technologies, Clarksburg Square truly is the total package.”

The urban-inspired townhome community features 2-car garages, open floorplans, designer finishes, gourmet kitchens, grand owners’ suites and more. Plotted amenities will include a swimming pool, and solar clubhouse, fitness center, ampitheatre, to name a few. With a sought-after location in Montgomery County, Clarksburg Square is just two miles from I-270 and the Clarksburg Premium Outlets.

Lennar is one of the nation’s largest builders of quality homes for all generations. The Company builds first time, go-up and active adult communities under the Lennar brand name. Universal American Mortgage Company and North American Title provide mortgage financing, title insurance and closing services for both buyers of the Company’s homes and others. Lennar’s Multifamily segment is a nationwide developer of high-quality multifamily rental properties.

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