May 20, 2024

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Landmark Properties and Knoxville Student Housing Property Joint Venture

2 min read

This is the second joint venture project between Manulife Investment Management and the company.

Landmark Properties unveiled plans for The Mark Knoxville in Knoxville. This is the second project of a joint venture between Manulife Investment Management. The partnership plans to break ground in June of this year with Landmark Construction as the general contractor.

The community is scheduled to be completed in August 2025. It will consist of a mixture of studios and five-bedroom apartments. Each apartment will have a gourmet kitchen, stainless steel appliances, granite countertops, and en suite bathrooms. The community will have a Jumbotron and rooftop pool. There will also be a study lounge, bocce court, fitness center, pickleball courts, and 24,000 square foot of courtyard space. Residents will have access to garages and shuttle buses, as well as grilling stations, hammock groves, and hammock groves.

The property is located within walking distance of the University of Tennessee Campus, and will be near Neyland Stadium as well as many dining and retail options along Cumberland Avenue. Downtown Knoxville, which is less than one mile away from the campus and community, is also within walking distance.

Building a robust pipeline of student housing

Landmark Properties is one of the largest student housing developers across the country. It has reached $1.1 billion of development starts, and a record $4.7 billion of properties under construction. The company currently has 22 projects in development, with more than 38.762 beds due to be completed between 2023-2026.

The company has been revealing plans for the Mark Philadelphia since the start of the year. This 909-bed community is located adjacent to Drexel University and the University of Pennsylvania. Landmark’s first project in Minnesota was The Standard at Dinkytown. It is a 1 021-bed student housing located next to the University of Minnesota. In March, spent $114.8 Million on a 4.5 acre site that was slated to be developed for a 1,500 bed community next to the University of Southern California.

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