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Boston & New England  |  September 24, 2019
David Cohen
By: David Cohen

Plans Revealed for $250M Redevelopment of Hanover Mall

PREP Property Group has announced plans for a $250 million redevelopment of Hanover Mall in Hanover to an open air, mixed-use project. PREP will rebrand the mall as Hanover Crossing.

The project will include 297 multifamily units, 30,000 square feet of green space and an 80,000-square-foot Market Basket supermarket. The retail component of the project will be 150,000 square feet smaller than the current mall. Additional retail tenants will include Dick’s Sporting Goods, Petco, Trader Joe’s, Office Max and Macy’s.

PREP, which focuses on repositioning retail real estate, acquired Hanover Mall in 2016 for $39.5 million. The project’s design team includes architect Richard L. Bowen + Associates Inc. and general contractor Rycon Construction Inc. The residential component of the project will be developed by Hanover Co.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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