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Residences at Hanover Shoe
Hanover, Pennsylvania

Leasing Information

Description

  • Mixed-use redevelopment of historic industrial building, including residential, municipal, and commercial uses
  • Creation of 70 two-and three-bedroom apartments
  • Affordable for families
  • Placed in service in 2001

 

2003 Hanover Area Chamber of Commerce
Certificate of Appreciation

2003 Commonwealth Design Award 10,000
Friends of Pennsylvania

2003 Commonwealth Design Award for Design
Excellence and Responsible Development in
Pennsylvania

Developer
Pennrose Properties

Architect
Stuart + LeFever Architects
Lancaster, PA

General Contractor
Harkins Builders, Inc.
Marriottsville, MD

Management
Pennrose Management Company

The Challenge

In the heart of Hanover, Pennsylvania, The Hanover Shoe Factory was for nearly a century a vital asset to the community. When its industrial fortunes dissipated, the 2.4 acre landmark was abandoned and became over several decades an economic, social and safety liability for the town. In fact, the fire department is recorded as having told the owner that in the event of a fire, the fire department would push the walls in rather than save the building. A market study had indicated a high demand for affordable apartments close to all essential services including major transportation networks, markets, hospitals, parks, and municipal services. Hanover took a proactive position with regard to salvaging the building, and through a competitive RFP process, chose Pennrose to redevelop the property for mixed use.

The Solution

The largest historic building in the Borough, the Hanover Shoe Factory had seriously deteriorated from neglect. Approximately 80% of the heavy timber structure required replacement. To facilitate its rehabilitation the Pennrose Development Team used a mix of financing sources including HTC and LIHTC equity, Federal Home Loan Bank Financing, and State Department of Community and Economic Development funds. The 142,000 square foot factory was converted into a mixed-use building that included commercial space, the Hanover Library, the Borough Fire Museum, 70 apartments affordable for families, residential community rooms, and support space. The Borough Fire Museum was located in the former boiler plant. The apartments were a combination of one-two-and three-bedroom floor plans ranging in size from 700 square feet to 1,500 square feet. When used as a factory, the site had been completely covered with impervious materials. Through extensive redesign, the site now offers a number of landscaped retreats adjacent to the buildings. The landscaping extends into the parking lot with shade trees, evergreen shrubs, and groundcovers, allowing increased infiltration of groundwater.

The Residences at Hanover Shoe underscores the Pennrose Development Team’s continued record of accomplishment in the area of historic rehabilitation and adaptive reuse. This award-winning, renovation project saved an icon from probable collapse or demolition. It brought vitality to a town. Pennrose owns, manages, and maintains the residences.

LEASING INFORMATION

Hanover Shoe
261 N. Franklin Street
Hanover, PA 17331
(717) 637-5444
hanovershoe@pennrose.com

 

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