Landmark Properties has started a “build-to-core” joint venture with Manulife Investment Management in Tallahassee.
The company currently has 22 properties under construction at a valuation of $4.7 billion. Landmark Construction is managing construction on The Mark at Tallahassee with an expected opening of August 2025.
“The Tallahassee market has seen robust enrolment growth in recent years coupled with high barriers to entry for new development in the College Town district, specifically,” Landmark President and CEO Wes Rogers said in a statement.
“We are excited to expand our existing footprint serving FSU and other area students when The Mark opens doors in 2025.”
The Mark will include three buildings with a mix of floorplans ranging from studios to six-bedroom options.
“Our vertically integrated construction platform gives Landmark Properties a distinct advantage in this ever-evolving market,” said Joel Peterson, project Executive with Landmark Construction. “From start to finish, our construction and design expertise allows us to build thoughtful, high-quality housing options that set us apart from competing product while maximizing cost efficiencies and ensuring on-time delivery.
“The result is an end-product that has incredible appeal among our target demographic.”
The plan includes 30,000 square feet of amenity spaces, including a 8,900 square-foot rooftop with a 9,000 square-foot outdoor pool deck and pool and spa.
Manulife Investment Management and Landmark Properties have partnered on The Standard at Four Corners in Storrs, CT, and The Mark Knoxville in Knoxville, TN.