Landmark Properties, Inc.’s Post

First article as a Junior! "Over the past decade, I watched the surrounding neighborhoods, filled with unique architecture and character, transform with the development of luxury, out-of-place, student housing. The issue lies in the type of structures being built. These modern, cookie-cutter buildings have raised rent in the area immensely, pushing out locals and only serving those who can afford the cost." https://lnkd.in/eanQWCzd

Hotel-to-student housing conversions have been supporting the increasing demand for student housing units in high-cost markets such as New York City or San Francisco. A growing number of underutilized properties are getting a new life as vibrant communities, but the conversion process comes with distinct challenges—from keeping original structures to repurposing amenities—that require meticulous planning. One recent example is FOUND Study Turtle Bay in New York City. Students now call a former Marriott Hotel home after @BDB Construction Enterprise turned the historic, 34-story landmark at 525 Lexington Ave. into a 1,355-bed student housing community. Multi-Housing News asked Tallal Bhutta, the CEO of the company and an experienced construction engineer to expand on the math behind successful conversion projects. The interview follows here: https://lnkd.in/eBeTAdkp #studenthousing #realestate #realestateconversion #multihousing https://lnkd.in/eBeTAdkp

“Mass timber student housing projects and biophilic design are increasingly becoming more popular,” Darrell Whatley says. “With more universities setting aggressive sustainability goals, including achieving carbon neutrality, we expect to continue to see a surge in mass timber buildings on college campuses. The added benefit that mass timber and biophilic design brings to student housing is the refreshing and nature-inspired environment surrounding its residents.” Read more from Darrell and other professionals about the evolving trends in #studenthousing #design in this article from Student Housing Business Magazine! #kirkseypeople #kirkseydesign

The latest issue of Student Housing Business has arrived! Maximizing Space With costs higher than ever for developers and students, every inch counts, which is why today’s communities make the most out of every inch. Article by Nellie Day; insights from: Ken Carl, Kayne Anderson Real Estate; Dan Goldberg, Core Spaces; Greg Blais, RISE A Real Estate Company; David Pierce, Parallel Co. Inside this issue: Added Rent for Owners, More Demand from Residents  Today’s students are expecting more bang for their buck in exchange for their higher rental rate. By Nellie Day; insights from Brandon Smith, Tailwind Group, Inc.; Jason Fort, Asset Living; Chelsey Harper, The Preiss Company; Tadros 'Teddy' Abdelmalek, Campus Life & Style; Vanessa Pacifico Young, Landmark Properties, Inc.; Christine Richards, Core Spaces. Functional, Durable Design  Multipurpose, aesthetically pleasing furniture that is built to last remains at the top of owners’ and developers’ wish lists for student housing. By Katie Sloan; insights from: Eden DeGeorge, D12 Commercial Interiors; Daniel Goldman, Ecologic Furniture; Tery R Young, MORGAN Li; James Jannetides Jr., University Loft Co.; Curt Christian, F3-FunctionFirstFurniture; Kris Benson, Dickson Furniture Manufacturers. Rising Costs Put Housing Affordability Front and Center  Rooftop pools, coffee bars and concierge-level services may sound nice, but the biggest amenity many students are looking for today is a reasonable rent. By Nellie Day; Brent Little, Fountain Residential Partners; Chelsea Bennett, The Scion Group; Dena Costello, Campus Advantage. Student Housing Industry Compensation Update  Total compensation was up across the board for nearly all positions in 2022, though base salaries saw only marginal increases. By Josh Logelin, Specialty Consultants Inc. Read it now: https://lnkd.in/dzwPC4PQ #StudentHousing #StudentLiving

University of Cincinnati Board of Trustees advances $100M student-housing development - The board voted unanimously to approve $15 million to fund the design of the project in partnership with the Clifton Heights Community Urban Redevelopment Corporation (CHCURC). The project is expected to cost $100 million in total, according to a request for qualifications (RFQ) document the university submitted in December 2022. Construction is expected to begin in 2024 and be complete by fall 2026. “The planned development in the Clifton Heights neighborhood will be a gateway to our campus from the southeast and will provide 1,200 more beds for our students,” Pat Kowalski, senior vice president of administration and finance at UC, told the board. The sites sit between Calhoun and McMillan streets west of Vine Street and east of Ohio Avenue. The first site, “Block 1,” is the large, vacant slope of land on the west side of Scioto Lane. The second site, “Block 2,” comprises part of the block east of Scioto Lane. The early designs show four residence halls above structured parking with a built-in gym and half basketball court in the easternmost building.  UC is desperately in need of more student housing as its record-breaking enrollment continues to grow and more students desire to live on or near campus. The university projects demand for student housing is expected to rise by 25% through 2030. UC is also moving forward with the Bellevue Gardens redevelopment that could add 450 beds at the corner of Martin Luther King Drive East, Eden Avenue and Gerard Steer in Corryville. The university selected Ratio Design of that project as well, according to state records. https://lnkd.in/dVx98Ji5 #cincinnati #nky #apartments #studenthousing #universityofcincinnati #students #housingdevelopment #construction #cre #commercialrealestate #UC #mixeduse

The MPI Group has submitted to the current Toronto City Council meeting a revised plan for a redevelopment at 294 Sherbourne Street on the east side of Downtown Toronto as a potential settlement in advance of an Ontario Land Tribunal hearing. The building, not far east of Toronto Metropolitan University and designed as a student residence, would now be significantly larger after community consultations highlighted a pressing need, and the developers purchased an additional lot, reported UrbanToronto.ca. "This development, situated at the southwest corner of Sherbourne Street and Glenholme Place, is approximately a kilometre's walk to both College and Dundas stations on Yonge Line 1. In the initial proposal from July 2021, the project anticipated a 10-storey building with 153 units, offering 178 student beds." "The community consultation process led to a revision in June 2023, increasing the number of student beds to 423. The most recent plans, however, propose a shift to 185 units accommodating 392 beds. This includes 60 2-bedroom units (contributing 120 beds, or 31% of the total), 49 4-bedroom units (providing 196 beds, or 50% of the total), and 76 studio apartments (offering 76 beds, or 19% of the total)." "The incorporation of the property at 300 Sherbourne Street expanded the site area to approximately 1,848m². This increased area allows for a proposed building of 20 storeys and height of 65.45m, nearly double its original ask, and an increase in the development's gross floor area (GFA) by 8,967m², totalling 14,217m². https://lnkd.in/gnYgPHPd #toronto #studenthousing #development

Our modular redevelopment of a historic building in the centre of Southampton has moved a step closer to completion. This regeneration project to restore and revive a prominent site has reached a major construction milestone with the cranage of the final studio apartment modules. 31 High Street is a landmark scheme which is bringing a fire damaged building back to life after it remained derelict for more than a decade. It represents a £12m investment by Stelling Properties and will help to meet the critical undersupply of student accommodation in the city. The five-storey scheme will provide 121 high specification, self-contained studio apartments which will be operated by Unilife Student Living and are due for completion later this year. Read our latest announcement here: https://lnkd.in/e6q9xXTd #studentliving #regeneration #modularconstruction #mmc #pbsa #studentaccommodation #modularconstruction #modularmanufacture #offsite #offsiteconstruction #offsitemanufacturing #landaquisition #landsourcing #designandbuild #propertymanagement #ukconstructionindustry

Affordable by Design and Zoning: housing affordability has many place-based strategies. Many thanks to Scott Harmon of Center Studio Architecture and co-developer of The Atlas, the first and only micro-unit rental project in Durham, NC, for coming to our UNC Kenan-Flagler Business School UNC Wood Center for Real Estate Studies class to talk to our MBA students about developing urban core rental housing that is more affordable to young professionals and growing numbers of single-person households. Durham’s flexible form-based zoning made this project feasible. For amenity-rich and transit-oriented urban locations, which tend to have very high rents, micro-unit rentals may be one of the few unsubsidized market-oriented options to build more affordable rental projects. More housing choices is a way to housing abundance.

Interesting approach to student accommodation. For many it's their first time living alone, and I think something like this could make the transition a little more fun. Redevelopment will provide a whopping 265 student bedrooms, 24 affordable homes and nearly 900m² of ground-floor commercial space. However, the roundhouse is a listed building, and demolition of surrounding buildings could cause moderate harm to the setting of the 1840s venue. What do you think of the proposed plans? #architecturejobs #studentaccommodation #mustardjobs #architecture https://lnkd.in/eNJv4e8s