Landmark Properties has unveiled plans for The Mark Knoxville, an 834-bed student housing community in Knoxville, Tenn., and its second project in a build-to-core joint venture with Manulife Investment Management. The partnership will break ground on the property in June this year, with Landmark Construction serving as the general contractor.
Scheduled for completion in August 2025, the community will comprise a mix of studio to five-bedroom apartments, equipped with gourmet-style kitchens, stainless steel appliances, quartz countertops and private bathrooms for each bedroom. Community amenities will include a Jumbotron, rooftop pool, study lounge, pickleball court, fitness center and 24,000 square feet of courtyard amenity space. Residents will also have access to garages, a shuttle bus, grilling stations and hammock groves.
Located within walking distance to the northwest of the University of Tennessee campus, the property will be close to Neyland Stadium, as well as several dining and retail options on Cumberland Avenue. Downtown Knoxville is also less than a mile from campus and the community.
Building a robust student housing pipeline
Landmark Properties remains one of the leading student housing developers in the country, reaching $1.1 billion in development starts in addition to a record of $4.7 billion in properties under construction. Currently, the company has 22 projects under development and more than 38,762 beds scheduled for completion between 2023 and 2026.
Since the beginning of the year, the company unveiled plans for The Mark Philadelphia, a 909-bed student housing community adjacent to the University of Pennsylvania and Drexel University. In February, Landmark entered the Minnesota market with The Standard at Dinkytown, a 1,021-bed student housing project next to the University of Minnesota. Later in March, the firm paid $114.8 million for a 4.5-acre site slated for the development of a 1,500-bed community adjacent to The University of Southern California.
