St. Louis — Landmark, Harrison Street and Sangita will own the luxury project adjacent to St. Louis University.
St. Louis — Landmark Properties has begun construction on The Standard at St. Louis, a 465-bed luxury property adjacent to St. Louis University. The units will be offered in one- to five-bedroom floor plans. All unit types will be equipped with luxury finishes such as granite counters, stainless appliances, hardwood-style floors and high-end features that Landmark says are unusual in traditional student housing near St. Louis University. Additionally, each unit will have a balcony and private bathrooms for each bedroom. The amenity package includes a resort-style swimming pool, extensive fitness facilities, and a study lounge with private and group study rooms. It is scheduled to open in 2015.
"We are excited to partner with Harrison Street in bringing our unique urban infill product to the students of St. Louis University," says Wes Rogers, president and CEO of Landmark. "In addition to being located across the street from campus, the Standard will have unit types, features and amenities not commonly found in the market."
The Standard at St. Louis brings the total number of beds currently under construction by Landmark to roughly 3,500, with an additional 2,200 beds scheduled to commence construction in the next 120 days. The project is another joint venture with Harrison Street Real Estate Capital. Sangita, a local real estate firm, will also participate in the development of the property. Compass Bank is providing the construction financing.