Landmark Properties Announces Plans for Seven New Student Housing Developments Totaling More Than 4,450 Beds
Friday, August 2nd, 2019
Landmark Properties, a vertically integrated student housing development company, announced its plans for seven new student housing projects. The new developments will add more than 4,450 new beds to Landmark’s portfolio and increase its total assets under construction to more than $2.9 billion.
The announced developments include The Mark at Athens (Phase II) near the University of Georgia; The Retreat at Sacramento near Sacramento State University; The Standard at Coral Gables near the University of Miami; The Standard at Berkeley near the University of California – Berkeley; The Station at Buffalo near the University at Buffalo; The Mark at Austin near the University of Texas; and The Retreat at Pullman near Washington State University.
“We continue to explore attractive development and acquisition opportunities across the country,” Landmark Properties President and CEO Wes Rogers said. “This year, we’re on track to deliver more projects than ever before, as we also forge ahead with construction on 23 developments.”
“The supply and demand fundamentals in our target areas remain strong, and we’re uniquely positioned to meet the market’s needs as a vertically integrated company with great capital partners,” Rogers said. “We’re excited about the opportunity to serve more students and communities in the coming years.”
Landmark’s 2019 Construction Starts:
The Retreat at Pullman — Washington State University: A cottage-style community with 187 detached homes and 767 beds. The Retreat will be located 1.2 miles north of WSU’s campus and will feature 15 unique floorplans ranging from two to six bedrooms. The Retreat will be WSU’s first cottage-style community, offering an entirely new product to the student housing market in Pullman. Community amenities include a 12,500-square-foot clubhouse, resort-style swimming pool, hot tubs, fitness center, computer lab, fire pit, sand volleyball court, hammocks and corn hole boards. Scheduled delivery is August 2020.
The Retreat at Sacramento — Sacramento State University: A 224-unit, 736-bed cottage-style community located 0.15 miles from Sacramento State. Detached cottages range from 1-bedroom to 6-bedroom floorplans, featuring private bathrooms, large closets, upgraded finishes, high-speed internet and cable. Community amenities include an 11,000-square-foot clubhouse, resort-style swimming pool, fitness center, computer lab, dog park and sand volleyball court. Scheduled delivery is August 2020.
The Mark at Athens (Phase II) — University of Georgia: Phase II of The Mark at Athens will add 446 beds to the development, which originally opened in 2018 and has been fully leased since. Located adjacent to the University campus and downtown Athens, Phase II of The Mark at Athens adds nearly 160,000 square feet of residential area and 20,000 square feet of commercial retail space. Scheduled delivery is August 2021.
The Standard at Coral Gables — University of Miami: An urban infill project, The Standard at Coral Gables will feature 376 bedrooms located 0.35 miles from the University of Miami. In addition to over 160,000 square feet of residential space, the development will include nearly 17,000 square feet of commercial retail space on the ground floor. Floorplans include one to three bedrooms. Community amenities include a resort-style pool on the fifth level, coffee shop-inspired study area, high-speed internet, fitness center, sauna, 24-hour computer lounge and grilling area. Scheduled delivery is August 2021.
The Standard at Berkeley — University of California – Berkeley: A 407-bed urban infill project with floorplans ranging from one to five bedrooms. The mixed-used development also includes more than 8,200 square feet of commercial retail space on the ground floor. The Standard at Berkeley is located immediately adjacent to the south side of UC – Berkeley, offering a convenient, walkable location to campus and nearby restaurants and shops. The Standard will offer a resident center and numerous amenities suited to both schoolwork and entertainment, including a state-of-the-art fitness center, gaming area and a study lounge. Scheduled delivery is August 2021.
The Station at Buffalo — State University of New York at Buffalo: A townhome community featuring 196 homes and 749 beds. Adjacent to UB’s campus, The Station will be the closest off-campus housing option to campus in the market. Floorplans range from two to four bedrooms. The mixed-use community will also feature nearly 10,500 square feet of commercial retail space. All units include high-speed internet and cable and are fully furnished. Community amenities include a clubhouse area, swimming pool, hot tubs, fitness center, study lounge, golf simulator and dog park. Scheduled delivery is August 2021.
The Mark at Austin — University of Texas: A mixed-use development located just three blocks from campus in the West Campus neighborhood on W. 24th Street. This location is within a 5-minute walk to many of UT Austin’s academic buildings as well as popular restaurants and shops. The Standard at Austin will include 975 beds with floorplans ranging from studios to six bedrooms. In addition to 325,600+ square feet in residential space, the development will also include 2,900 square feet of commercial retail space on the ground floor. Community amenities include an elevated pool deck, fitness center, study lounge café, gaming lounge and a clubhouse. High-end finishes inside the apartments include quartz countertops, stainless appliances, large closets, decorator cabinets, private balconies and more. Scheduled delivery is August 2023.
Other notable developments already under construction include The Standard at Flagstaff near the University of Arizona (2019), The Standard at Tallahassee near Florida State University (2019), The Mark at Atlanta near Georgia Tech (2020), The Standard at Fort Collins near Colorado State University (2020), The Standard at State College near Penn State (2021) and The Standard at Austin near the University of Texas (2021).