#United States #Tampa #Canyon Partners #Landmark Properties #Pensinsula Investments

The Mark Tampa: A New Era of Student Housing

In an exciting development for residents and students of Tampa, Landmark Properties has announced the acquisition of a 4.31-acre site located at 2700 University Square Drive, in partnership with Canyon Partners Real Estate LLC and Peninsula Investments. This venture marks an ambitious step forward in the creation of The Mark Tampa, a fully furnished student housing community designed to meet the needs of the increasing student population at the University of South Florida (USF).

Construction Plans and Timeline

With construction loans secured through Kennedy Wilson and financing arranged by TSB Capital Advisors, groundwork for The Mark Tampa is expected to commence immediately. This state-of-the-art facility will consist of six stories and feature 807 beds, enabling it to cater to a significant number of students when it opens its doors in the 2027-2028 academic year.

The project will be spearheaded by Landmark Construction as the general contractor, while Dwell Design Studios, known for their innovative architectural designs, will oversee the aesthetic and functional aspects of the community.

Unparalleled Amenities

What sets The Mark Tampa apart is its expansive 25,000-square-foot amenity offering. Not just a place to sleep, it’s designed as a vibrant hub for student activities and relaxation. Residents can expect:

• - A rooftop pool deck for unwinding under the sun.
• - A grilling area, perfect for barbecues with friends.
• - A striking clubhouse for hosting social events.
• - A jumbotron for catching games and entertainment events.
• - A sports simulator allowing students to sharpen their skills in various sports.
• - Wellness features including a sauna and cold plunge for relaxation after a long day.
• - An indoor/outdoor fitness center that encourages an active lifestyle.
• - Multiple study areas on each floor, ensuring that academic work doesn’t take a backseat to social activities.

Additionally, the building will feature 988 square feet of ground-floor retail space, giving residents convenient access to shopping and services. Parking for approximately 647 vehicles and a USF Bull Runner shuttle stop right adjacent to the community will ensure that commuting to campus is both easy and efficient.

Location Advantages

Strategically located just 0.18 miles from the USF campus, The Mark Tampa is in close proximity to numerous dining, shopping, and entertainment options. From RITHM at Uptown to the USF recreational fields, residents will find themselves surrounded by a vibrant local community that enhances their university experience.

Market Significance

The Mark Tampa is notable not only for its modern amenities and ideal location but also as part of a larger trend in student housing investment. This acquisition represents Canyon's eighth venture into student housing in five years, responding to the growing demand driven by increasing enrollment figures. Whether it’s through the development of traditional residential properties or niche student housing, both Canyon and Peninsula are keenly focused on enriching the experience of students through high-quality living options.

For Landmark Properties, The Mark Tampa will be their fourth asset in the Tampa market, joining The Standard, The Metropolitan, and The Retreat, which collectively house over 1,930 beds. The impact of this collaborative effort on the local housing market is bound to be significant.

About the Partners

Landmark Properties specializes in the development, construction, acquisition, and management of high-quality residential communities, with a portfolio exceeding $15 billion in assets. They currently operate over 115 communities nationwide, showing their capability and experience in managing large-scale projects.

Canyon Partners Real Estate, founded in 1991, has an impressive track record in real estate investment totaling over $7.9 billion across various transactions, focusing on both debt and equity strategies.

Peninsula Investments is a private equity firm dedicated to student housing and residential projects across the U.S. and Latin America, demonstrating a commitment to enhancing student living through thoughtful investments in housing.

As construction progresses, The Mark Tampa promises to be one of the most sought-after residential options for students looking to thrive both academically and socially during their university years.

Stay tuned for further updates from Landmark Properties on this exciting development!