Orlando, Fla. — Landmark Will Co-own This 894-bed Retreat Concept With Harrison Street.
Orlando, Fla. — Landmark Properties has closed financing with construction lender PNC and begun construction on a community near the University of Central Florida. The project will be owned by a joint venture between Landmark and Harrison Street Real Estate Capital. This project gives Landmark 4,130 beds—representing over $370 million—of student housing currently under construction, and an additional 9,000-plus beds in the pipeline.
Landmark will be the developer and, through its affiliate, Collegiate Construction, will also serve as the general contractor for the project. The community consists of 221 two-, three-, four-, five- and six-bedroom craftsman style cottages, which will feature gourmet kitchens with granite counter tops and stainless steel appliances, large bedrooms with walk-in closets, built-in bookshelves, outdoor decks, and higher-end features not customarily found in student housing.
The 894-bed cottage community will feature the largest pool of any student community in Orlando, which will include multiple private cabanas and a relaxing hammock grove. Adjacent to the pool, an 11,000-plus square foot clubhouse will include a fitness center with separate strength and cardio rooms and a yoga center/mix-used fitness space that will feature Fitness on Demand programming. Other clubhouse amenities, include a sauna and spa, pool tables, gaming/study pods, numerous tanning beds, cyber café, social lounge, computer lab and studying nooks.