Landmark to Develop Philly Student Housing Tower
The high-rise will provide residences for University of Pennsylvania and Drexel University students.
Real estate development, construction and investment management firm Landmark Properties will develop The Mark Philadelphia, a towering student housing community in Philadelphia’s University City district. The 909-bed development at 3615 Chestnut St. will rise within walking distance of the campuses of University of Pennsylvania, located just southeast of the development, and Drexel University, situated just northeast of the building. The Mark Philadelphia will welcome initial move-ins in autumn of 2026.
The 36-story tower will offer 363 units ranging in size from studio to six-bedroom layouts. Features and finishes of the units will include quartz countertops, stainless steel appliances, hardwood-style floors and such tech features as high-speed internet and cable. The building’s signature rooftop amenity area will offer a pool, hot tub and lounge with dramatic panoramas over the City of Brotherly Love’s Center City area.
Also included in the development will be almost 56,000 square feet of legacy office space next to the development’s new high-rise component. Reserved parking will be offered for an additional fee to residents who own vehicles. Landmark Construction will fill the role of general contractor over the life of the development project.
The Mark Philadelphia will represent Landmark Properties’ second development endeavor in the University City district. In a prepared statement, a Landmark Properties official noted the building will enable residents to live close to campus, but still enjoy an assortment of amenities not typically included within a high-rise building.
The location of The Mark Philadelphia will put residents near a wide variety of conveniences. They include upscale, ethnic and casual dining, supermarkets, convenience stores, museums, medical centers, parks, athletic complexes and playing fields. The 40th Street subway station is located three blocks from the new development.
Two months ago, LCOR put the crowning touches on a luxury residential tower in Philadelphia.