#United States #Landmark Properties #Boone #Appalachian State #The Retreat

Landmark Properties Expands with New Development in Boone, NC

In a significant move to address the growing demand for student accommodation, Landmark Properties has announced the acquisition of a 40.05-acre site in Boone, North Carolina, where they will develop a new student housing community named The Retreat at Boone. This project is set to provide a total of 625 beds aimed at students attending Appalachian State University.

A Purpose-Built Housing Solution

Landmark Properties is recognized as a fully-integrated real estate firm, specializing in high-quality residential community development and construction. Their latest venture, The Retreat at Boone, was unveiled in partnership with HC2 Capital, LLC and Peninsula Investments, underscoring their collaborative approach to real estate development. The construction financing for this ambitious project will be provided by Trustmark Bank and First Financial Bank.

The Retreat at Boone is designed to meet the needs of students in the area, especially considering the steady enrollment growth at Appalachian State University. As pointed out by Jason Doornbos, Chief Development Officer at Landmark Properties, existing housing options are insufficient to accommodate the increasing student body, making this project vital for the local community.

Community Features and Amenities

Set to be constructed by Landmark Construction, with Niles Bolton Associates handling architectural designs, The Retreat at Boone will feature a modern collection of 148 units designed to cater to various living arrangements, ranging from three to five-bedroom options. The units are projected to be ready for occupancy by the 2027-2028 academic year.

Residents will enjoy a host of upscale amenities that elevate the living experience. Each apartment will include:

• - Quartz countertops
• - Stainless-steel appliances
• - Generous cabinet and closet space
• - A private bathroom for each bedroom
• - In-unit laundry facilities
• - High-speed internet and cable services

In terms of community facilities, The Retreat at Boone offers an impressive 12,514-square-foot amenity package featuring:

• - Resort-style swimming pool and spa
• - Cabanas and hammocks for relaxation
• - A Jumbotron for movie nights
• - Fire pit and grilling areas for social gatherings
• - A skate park for recreational fun
• - Fitness center equipped with modern equipment
• - Golf simulator and various lawn games
• - A computer lab for students’ academic needs

Additionally, the project includes parking for 588 cars, complemented by a dedicated private shuttle service that significantly reduces travel time to campus, enhancing convenience for residents. This initiative marks one of the few new student housing developments in Boone in recent years, highlighting a commitment to modern living while fulfilling unmet demands in the area.

Landmark Properties' Commitment to Quality

Landmark Properties already has a footprint in Boone with The Standard at Boone, a successful 560-bed, 203-unit student housing project that opened in 2016. With a total of approximately $15 billion in assets under management, Landmark Properties continues to build its portfolio, catering to the evolving needs of residential communities across the United States.

As they move forward with the development of The Retreat at Boone, Landmark Properties, along with their partners HC2 and Peninsula, is poised to contribute significantly to the local economy while providing state-of-the-art living options for students. The Retreat at Boone signifies a forward-thinking approach to student housing, combining accessibility with top-tier amenities, ensuring a remarkable living experience for future residents.

Conclusion
Landmark Properties has taken an important step towards addressing the housing shortage near Appalachian State University with the development of The Retreat at Boone. As construction progresses, the new community promises to redefine student living standards in Boone, creating a welcoming space for students seeking quality housing.