‘The Standard’ Will be a 600,000 sq. ft Two-tower Development Slated to Include Approximately 450 Units and up to 12,000 sq. ft. Ground-Level Retail
Seattle, Wash. (September 24, 2018) — Georgia-based Landmark Properties, the nation’s largest student housing developer, today announced plans for its first project in Seattle’s University District neighborhood. The 600,000 sq. ft. two-tower, three-building project will include up to 450 units and 12,000 sq. ft. of ground-level retail and will be across the street from the future light rail station.
Comprising two-thirds of the block boarded by Brooklyn Ave. NE and 12th Ave NE to the east and west and NE 42nd and NE 43rd to the north and south, the new project will be across the street from the neighborhood’s future light rail station.
The new project will include a rooftop swimming pool with spectacular views of the downtown Seattle skyline, expansive rooftop deck and indoor lounge and study spaces and fitness center. Landmark intends to break ground on the project in spring 2021 with project opening by fall 2023.
“Seattle’s University District is one of the most exciting student housing markets in the country right now – the ability to create walkable projects so close to the University and light rail is pretty remarkable,” said Landmark Properties President & CEO Wes Rogers. “The Standard is our first project in Seattle and we’re looking forward to serving students in the market for many years to come.”
The project team will proactively nominate the existing Canterbury Court building for possible landmark status.
Landmark Properties Wraps Up 2018 On High Note
This year alone, Landmark began construction on 11 new student housing communities across the country and has more than 10,400 beds currently under construction. The company has more than 60 properties and delivered 26,500 beds since its inception in 2004. Landmark currently has more than 700 full-time employees, including more than 150 at its Georgia headquarters.
“We’re breaking ground on more projects in 2018 than in any other year in our company’s 14-year history,” Rogers said. “The size and quality of our development pipeline are testaments to our team’s hard work and vision.”
He continued, “We’re excited to continue to see strong demand for our student housing developments across the nation, and we look forward to welcoming more residents to their new homes in the coming years.”
About Landmark Properties, Inc.
Headquartered in Athens, Georgia, Landmark Properties, Inc. is a fully-integrated real estate company specializing in the acquisition, development, construction, and management of premier student housing communities located throughout the United States. Landmark employs over 640 people, including 140 professionals in its headquarters. Landmark has delivered 25,800 beds since its inception in 2004, and Landmark has more than 10,400 beds currently under construction. The Company was named “The Nation’s Most Active Developer in Student Housing” by Student Housing Business (“SHB”) in 2015, 2016 and 2018 while being the largest private developer in student housing in 2017. Landmark has more than 25,900 beds under management between the Company’s owned portfolio and 3rd-party assets. Landmark has completed over 35 projects with an overall asset value of over $2.6 billion.