Corvallis, Ore. — The 330 units are adjacent to the Oregon State University campus.
Corvallis, Ore. — Landmark Properties has closed financing with construction lender Wells Fargo and has begun construction on The Retreat at Corvallis, a community adjacent to Oregon State University. The project will be owned by a joint venture between Landmark and Harrison Street Real Estate Capital.
The community of 1,016 beds will consist of 330 one-, two-, three-, four- and five-bedroom craftsman style cottages and garden apartments. The cottages will feature expansive living rooms, gourmet kitchens with granite countertops and stainless steel appliances, large bedrooms with spacious closets, built-in bookshelves, outdoor decks and higher-end features not customarily found in conventional student housing.
Common-area amenities feature an approximately 13,900-square-foot clubhouse, which will house a fitness center equipped with separate strength room, cardio rooms and racquetball court. The clubhouse will also contain pool tables, gaming/study pods, tanning beds, a cyber café, sports book-style social lounge, computer lab, and studying nooks as well as take advantage of The Retreat's indoor bike storage unit.
This project gives Landmark 4,429 beds of student housing currently under construction, with an additional 10,000-plus beds in the pipeline. Landmark will be the developer and its affiliate, Collegiate Construction, will serve as the general contractor for the project.