BALTIMORE—The Hanover Co. of Houston is poised to purchase land from Caves Valley Partners in South Baltimore that will facilitate the development of more than 300 apartment units.

The project will be the residential anchor for Caves Valley Partners’ $250-million Stadium Square development. The area is a collection of aging industrial buildings along Cross and Ostend streets near M&T Bank Stadium. The Stadium Square project is to include 300,000 square feet of office, approximately 70,000 square feet of retail and 2,000 parking spaces, according to the Baltimore Business Journal.

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