Developer Reveals Plans for 807-Bed, Six-Story Student Housing Community Adjacent to the University of South Florida
ATHENS, Ga., Aug. 28, 2025 /PRNewswire/ — Landmark Properties, recognized for its innovative residential developments, has unveiled its ambitious plans for a new student housing community named The Mark Tampa. This project will feature 807 beds spread across six stories and is strategically located just a short distance from the University of South Florida.
Located at 2700 University Square Drive in Tampa, Florida, the new site occupies 4.31 acres. The project has secured essential financing through a construction loan provided by Kennedy Wilson, with TSB Capital Advisors facilitating the arrangement. Construction is set to commence imminently, aiming for completion by the 2027-2028 academic year.
The Mark Tampa aims to blend modern living with convenience, situated a mere 0.18 miles from the University of South Florida campus. “We are thrilled to announce the development of The Mark Tampa in collaboration with Canyon and Peninsula,” expressed Jason Doornbos, Chief Development Officer at Landmark Properties. “Its unrivaled amenities and proximity to the campus will make it a highly desirable housing option for USF students.”
The housing community will boast over 270,500 square feet of living space, featuring 215 residential units that range from studios to five-bedroom apartments. All units will be fully furnished and equipped with high-speed internet and cable. Notable interior features encompass quartz countertops, stainless-steel appliances, in-unit laundry, hardwood-style laminate floors, and spacious closets. Select units will even include private balconies.
The Mark Tampa is distinguished by its extensive 25,000-square-foot amenity package, which surpasses typical offerings in the area. Residents can look forward to enjoying a rooftop pool deck, a grilling area, a vibrant clubhouse equipped with a jumbotron, a sports simulator, a sauna, and a cold plunge. Additionally, there will be an indoor/outdoor fitness center, computer labs, and designated study areas on each floor, ensuring that every need is catered to.
The ground floor will feature 988 square feet dedicated to retail, complemented by ample on-site parking for approximately 647 vehicles. An adjacent USF Bull Runner shuttle stop enhances accessibility, providing express service directly to campus. The community’s urban setting offers residents easy access to various dining, shopping, and entertainment options, including the popular RITHM at Uptown and nearby USF recreational fields.
This latest project marks Landmark Properties’ fourth development in the Tampa area, where it has successfully developed and currently manages 1,930 beds across three properties, including The Standard at Tampa, The Metropolitan Tampa, and The Retreat at Tampa.
The Mark Tampa also represents a significant investment for Canyon Partners Real Estate, marking their eighth foray into student housing over the past five years amidst rising enrollment figures that contribute to ongoing demand for quality student living spaces. Canyon has actively contributed both debt and equity within the sector, capitalizing on approximately $1.0 billion across various ventures.
This development is not only a milestone for Canyon but also the first endeavor in Tampa for Peninsula Investments. It marks the firm’s eighth investment in Florida and its 47th overall in the student housing sector, showcasing its commitment to enhancing student living across diverse markets.
About Landmark Properties
Operating primarily from Athens, Ga. and Atlanta, Landmark Properties specializes in creating high-quality residential communities. With over $15 billion in assets under management, their extensive portfolio encompasses more than 115 residential communities across the United States, managing 72,000 beds. They are also in the midst of an active development pipeline containing over 50 student and multifamily projects valued at approximately $10 billion. For further insights on their offerings, visit www.landmarkproperties.com.
About Canyon Partners Real Estate LLC
Canyon Partners, established in 1991, serves as the real estate investing division of Canyon Partners, LLC, a notable global alternative asset manager with assets exceeding $28 billion. With a robust track record, Canyon has allocated more than $7.9 billion in debt and equity across 274 transactions, successfully capitalizing on approximately $32.6 billion worth of real estate assets. For details on their investment strategies, visit www.canyonpartners.com.
About Peninsula Investments
Peninsula Investments Group operates from Miami, FL and Montevideo, Uruguay, focusing on private equity real estate with an emphasis on student housing and residential projects across the U.S. The firm has invested in over 32,000 beds across more than 10,000 units in 21 U.S. states and the UK. Learn more about their initiatives at www.peninsulainvestments.com.
About Kennedy Wilson
Kennedy Wilson is a real estate investment company managing assets worth approximately $30 billion in lucrative markets across the United States, the UK, and Ireland. With an extensive history of closing over $60 billion in transactions since its public debut in 2009, Kennedy Wilson excels at recognizing opportunities and constructing value across various properties. For more information, visit www.kennedywilson.com.
Media Contacts:
Landmark Properties
Great Ink Communications – (212) 741-2977
Lindsay Church – [email protected]
Sara Williams – [email protected]
Eric Gerard – [email protected]
Canyon
Kris Cole – [email protected]