TAMPA, FLA. — A joint venture between Landmark Properties, Canyon Partners Real Estate LLC and Peninsula Investments has acquired a 4.3-acre site at 2700 University Square Drive in Tampa for the development of an 807-bed student housing community.
Dubbed The Mark Tampa, the six-story student housing development will be situated less than a half-mile from the University of South Florida (USF) and will offer more than 270,500 square feet of residential space across 215 units. The community will also feature a mix of studio to five-bedroom floorplans.
Construction on the project will begin immediately, with delivery anticipated for the 2027-2028 academic year.
Kennedy Wilson provided the construction loan for the project and TSB Capital Advisors arranged financing. Landmark Construction will serve as the project’s general contractor, with Dwell Design Studios serving as architect.
“The Mark’s unparallelled amenities and prime location just southwest of the USF campus and near a multitude of dining and entertainment options will make the community an attractive housing option for USF students,” says Jason Doornbos, chief development officer at Landmark Properties.
Residences at The Mark Tampa will be fully furnished and will include quartz countertops, stainless steel appliances, washers and dryers, hardwood-style laminate floors, large closets and blinds, as well as pre-installed internet and cable connectivity. Balconies will also be available in select units.
The property’s 25,000-square-foot amenity package will feature a clubhouse, rooftop pool deck, grilling area, jumbotron, sports simulator, sauna and cold plunge, ground-floor interior courtyard, indoor/outdoor fitness center, a computer lab and study areas on each floor.
Additionally, the building will comprise nearly 1,000 square feet of ground-floor retail space and onsite parking for approximately 647 cars. A USF Bull Runner shuttle stop is located adjacent to the community for express service to campus.
Along with The Mark Tampa, Landmark has developed and is currently operating 1,930 beds across three properties in the Tampa market including The Standard at Tampa, The Metropolitan Tampa and The Retreat at Tampa.
Headquartered in Athens, Ga., Landmark manages more than $15 billion in total assets, which includes over 115 residential communities and 72,000 beds across the United States.
Canyon Partners Real Estate LLC, the real estate direct investing arm of Canyon Partners, manages more than $28 billion in assets and has invested roughly $7.9 billion of debt and equity capital across 274 transactions in the past 15 years.
Based in Miami and Montevideo, Uruguay, Peninsula Investments Group specializes in the acquisition and development of student housing and residential projects in the United States and Latin America.
Kennedy Wilson is a real estate investment company based in Beverly Hills, Calif. The company manages $30 billion of assets across the United States, the United Kingdom and Ireland.
— Abby Cox