Partners with Peninsula U.S. to Begin Construction on 826-bed
Cottage-Style Student Housing Community Serving University of South Carolina Students
COLUMBIA, S.C., June 18, 2024 /PRNewswire/ -- Landmark
Properties, a fully-integrated real estate firm specializing in
development, construction, investment management, and operation of
high-quality residential communities, has partnered with Peninsula
U.S. to acquire a 67-acre site in Columbia, SC and commence construction on a
197-unit, 826-bed cottage-style student housing community.
Landmark Cottage Construction, the in-house general contractor for
Landmark Properties, is managing construction on the project.
The new student cottage community is expected to open for occupancy
in August 2026.
"Strong enrollment growth at the University
of South Carolina has led to a surge in demand for quality
housing options proximate to campus," said Wes Rogers, CEO of Landmark Properties. "We're
excited to begin another development in the Columbia market and
feel that our cottage-style community will offer students a
spacious and amenity-rich housing solution while remaining close to
campus."
Located at 1050 Idlewild Blvd. just 1.3 miles from the
University of South Carolina main
campus and less than a mile from Williams-Brice Stadium, home to
the famed Gamecocks, the community will rise adjacent to a parcel
earmarked for the university's "Stadium Project," a $1 billion modernization initiative slated to
transform over 800 acres west of the stadium for commercial and
entertainment uses. The property's proximity to these redevelopment
areas will place residents at the heart of the action as the
University has challenged developers to plan for uses such as
hospitality, retail or additional athletic facilities.
The community will include a mix of floorplans ranging from two-
to six-bedroom options. Fully furnished residences will be wired
for high-speed internet and will include private bathrooms and
high-end finishes such as hardwood-style laminate floors, quartz
countertops and stainless-steel appliances as well as oversized
kitchen cabinets for added storage and a full-sized washer/dryer in
each residence.
The robust amenity package at the community will also include a
resort-style outdoor pool complex featuring a sun deck, cabanas,
hammocks, a Jumbotron and outdoor grilling stations. Residents will
also have access to a sand volleyball court, a sports simulator and
fire pits. The property will also feature an expansive clubhouse
with a 24-hour fitness center, dedicated study spaces, and a
computer lab. Students will also have access to a complimentary
shuttle service for convenient commuting to and from the
USC campus and downtown Columbia.
"We are excited to partner with Landmark Properties in the
development of this cottage-style community serving University of South Carolina students. This
marks our 15th investment with Landmark," said Juan Fernando Valdivieso, Managing Director of
Peninsula U.S. "The cottages at Columbia will bring a level
of amenities unmatched in the market and will enhance the living
and learning environments for students at University of South Carolina."
The new cottage-style community will add to the portfolio of
properties managed by Landmark in Columbia which include The Standard at
Columbia, which opened in 2023, and Saga
Columbia, acquired by the firm in 2021.
About Landmark Properties
Headquartered in Athens, Ga.,
with an office in Atlanta,
Landmark Properties is a fully integrated real estate firm,
specializing in the acquisition, development, and management of
high-quality residential communities. With $14 billion in AUM, Landmark's portfolio includes
over 115 residential communities across the country with 72,000
beds under management. Additionally, Landmark benefits from an
active development pipeline with 23 student and multifamily
projects under construction or near term start with an estimated
value of nearly $5 billion.
Landmark's mission is to be the leader in development,
construction, operations, and investment management of high-quality
residential communities, delivering unrivaled service and
experience to our residents, partners, and employees. For more
information, visit www.landmarkproperties.com.
About Peninsula U.S.
Headquartered in Miami, FL,
Peninsula U.S., a vertical within Peninsula Investments Group, is a
leading real estate private equity firm, specializing in the
acquisition and development of student housing and other
residential projects in the US. Peninsula U.S. has invested in over
24,000 beds in more than 10,000 units across 55 properties in 20
U.S. states and in the UK, representing in excess of $4 billion of total development costs.
www.peninsulainvestments.com.
Media Contacts:
Great Ink Communications – (212) 741-2977
Lindsay Church
Sara Williams
379321@email4pr.com
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SOURCE Landmark Properties
