A project that will see the construction of 278 residential units could start work on the south side of Denver sometime next year.
The Houston-based Hanover Company has paid $9.5 million for a 2.5-acre site in the city’s Overland neighborhood, with the hope of putting up a 5-story apartment complex there.
The location, on the southwest corner of West Jewell Avenue and South Acoma Street, is in an area of older warehouses and garages, as well as some new apartment structures.
Several other area multifamily projects are currently in the planning stage there.
The larger Overland neighborhood is one of the oldest sections of Denver where houses on average list for just under $500,000.
The project, named Hanover South Broadway, will also include parking spaces on all levels of the structure for 344 vehicles. Project designer is the Houston-based architectural firm, W. Partnership.
The site is two blocks to the west of the city’s S. Broadway Street, a thoroughfare lined with historic structures and stores.
Development plans for what is being called Hanover South Broadway have now been approved by the City of Denver’s Community Planning and Development Department.
Last month Hanover unveiled plans to build an urban village in Houston called Autry Park that will feature 5 towers, 1,500 residential units, and up to 350,000 square feet of office space.
Hanover currently has projects in the building stage in California, Massachusetts, North Carolina, Texas, and Virginia.
By Garry Boulard
