COLLEGE PARK, MD. — Harrison Street and LV Collective have formed a joint venture to develop Rambler College Park, a 1,003-bed student housing project located less than a quarter-mile from the University of Maryland campus in College Park. Completion of the 288-unit, 340,000-square-foot development is slated for fall 2027.
Rambler College Park is designed to provide 13,715 square feet of retail space, including businesses that were previously tenants of Campus Village Shoppes, a shuttered shopping center on the project site.
In addition, LV Collective worked with the Lakeland Civic Association and the Lakeland Community Heritage Project to plan a community center within the development. Plans call for a library and archive to preserve and share the history of the Lakeland community, as well as a flex space to be used for presentations, art galleries and gatherings.
Amenities at the project will include Daydreamer, a coffee shop owned by LV Collective, as well as a second-floor coworking mezzanine, outdoor terrace, hot tub, fitness center, yoga studio and cold plunge.
“This development reflects our commitment to creating environments that go beyond housing — places where students, residents and the community alike can thrive, connect and grow,” says Jonathan Reyes, president of student housing at LV Collective.
Kennedy Wilson provided construction financing. The project team includes WDG Architecture, John Moriarty & Associates as general contractor and Variant Collaborative as interior designer.
Headquartered in Chicago and London, Harrison Street is a global investment management firm. Areas of investment focus include seniors housing, student housing, build-to-rent, healthcare delivery, life sciences and storage real estate.
Since its founding in 2012, Austin, Texas-based real estate investment firm LV Collective has expanded its business to include student housing and multifamily assets in excess of $3.5 billion.
Harrison Street and LV Collective have two other Rambler-branded student housing developments slated for completion in fall 2027 at Purdue University and the University of Michigan.
— Kristin Harlow