Landmark Properties Bringing Cottage Development for University of Arizona Students
- Feb 09, 2012
Athens, Ga.—Over the past three years, Landmark Properties has teamed with Harrison Street Real Estate Capital LLC in constructing nearly $400 million in student housing in eight developments in the Southeast.
Their ninth collaboration will be The Retreat at Tucson, a 774-bed student cottage development for students at the University of Arizona, with work being done by Landmark’s affiliate, Collegiate Construction.
“This is a differentiated, high-end student concept program that we have taken to numerous universities throughout the country,” Landmark Properties CEO Wes Rogers tells MHN. “Every one of our previous projects has had a similar concept of the Retreat Brand and we have won numerous awards, such as the Student Housing Project of the Year [for Alabama’s Retreat at Lake Tamaha in 2010].”
The amenities being constructed for The Retreat at Tucson include a 10,000 square-foot clubhouse, study rooms, a sports-book-style social room with a movie theatre, a poker room, fitness center and an indoor golf simulator.
“It will have spa facilities where girls can get manicures and pedicures, as well as a massage place, tanning beds and a cyber café,” Rogers says. “It will also house the largest swimming pool of any student housing community in not only Arizona, but the country. It’s a 300,000-gallon salt water pool with cabanas that will be a fantastic amenity for these college kids.”
Students can choose from 16 different floor plans and the cottages will feature gourmet kitchens with granite countertops and stainless steel appliances, expansive living rooms and large bedrooms with built-in bookshelves, walk-in closets and outdoor decks.
“We look forward to providing the Tucson market with a high-end, cottage-style product close to campus,” says Harrison Street Senior Vice President Brian Thompson, in a press statement. “Our successful track record with Landmark allows us to further expand our platform within the broader student housing sector.”
Obtaining the land for such a large undertaking was no easy feat and took 18 months to complete.
“It was a big challenge. You can’t find a 21-acre parcel anywhere remotely close to the University of Arizona,” Rogers says. “It took a lot of brain damage to make it happen. It was an assemblage of 23 different pieces of land with 16 different landowners. We stated with a five-piece, and then slowly assembled the parcels to get the acres we needed.”
The student housing development will sit a mile due south of the campus, allowing easy access for its residents.
The Retreat at Tucson represents the first of several projects in the work for the Landmark/Harrison Street partnership in 2013.
“We are still in the planning stages, but we have land under contract in Pennsylvania, Florida and Mississippi for projects we hope to announce in the upcoming months,” Rogers says. “With our continued partnership with Harrison Street, we will be able to expand our cottage concept across the nation. We’re very excited about our pipeline.”
The Retreat at Tucson is expected to open its doors to University of Arizona students in the fall of 2013.