The University of Maryland, in partnership with Campus Apartments and Mosaic Development Partners, has broken ground on a $148.75 million graduate student housing project on the university’s flagship College Park campus. The project will add 741 beds in 465 fully furnished apartments.
Scheduled to open in the 2026-27 academic year, the 323,000-sf residential building will provide furnished studios and two- to five-bedroom apartments. Common area amenities will include a large ground-floor conference space with interior and exterior courtyards, a penthouse community lounge and terrace, community breakout spaces, resident parking, and internal bike storage.
The housing development, which is targeting LEED Silver certification, will be within walking distance of the main campus and steps from a new Purple Line light-rail stop, expected to open in 2027.
The project represents the first phase in a three-phase plan to redevelop the Leonardtown section of the College Park campus.
Campus Apartments, the nation’s oldest and one of its largest privately held student-housing companies, and Mosaic Development Partners, a commercial real estate development and project management company, are leading the design, development, and construction of the graduate student housing development. Project collaborators include architects Gensler and Michael Marshall and construction partners Davis Construction and Smoot Construction.
“Through our partnership with Campus Apartments and Mosaic, we’re able to provide high-quality graduate student housing options that our university has long needed,” Carlo Colella, vice president and chief administrative officer at the University of Maryland, said in a statement. “This project marks a huge milestone for our growing campus and its ability to meet evolving resident experience needs and student demand.”
RBC Capital Markets has arranged financing for the development, which is funded through tax-exempt bonds.
Related Stories
Student Housing | Dec 7, 2022
9 exemplary student housing projects in 2022
Production continued apace this year and last, as colleges and universities, for-profit developers, and their AEC teams scrambled to get college residences open before the start of classes.
Student Housing | Dec 7, 2022
Cornell University builds massive student housing complex to accommodate planned enrollment growth
In Ithaca, N.Y., Cornell University has completed its North Campus Residential Expansion (NCRE) project. Designed by ikon.5 architects, the 776,000-sf project provides 1,200 beds for first-year students and 800 beds for sophomore students. The NCRE project aimed to accommodate the university’s planned growth in student enrollment while meeting its green infrastructure standards. Cornell University plans to achieve carbon neutrality by 2035.
Multifamily Housing | Nov 22, 2022
10 compelling multifamily developments debut in 2022
A smart home tech-focused apartment complex in North Phoenix, Ariz., and a factory conversion to lofts in St. Louis highlight the notable multifamily developments to debut recently.
Multifamily Housing | Oct 5, 2022
Co-living spaces, wellness-minded designs among innovations in multifamily housing
The booming multifamily sector shows no signs of a significant slowdown heading into 2023. Here is a round up of Giants 400 firms that are driving innovation in this sector.
Multifamily Housing | Sep 14, 2022
27 new kitchen and bath products multifamily developers and AEC teams are using for the first time
Multifamily developers and AEC project teams are adopting new kitchen + bath products and systems for the first time, according to the MULTIFAMILY Design+Construction Kitchen+Bath Survey 2022.
Multifamily Housing | Sep 13, 2022
Take the Multifamily Kitchen + Bath survey – Maybe win one of 10 $50 gift cards
Preliminary results of 2022 Multifamily Design+Construction exclusive Kitchen + Bath survey.
Giants 400 | Aug 29, 2022
Top 40 Student Housing Facility Contractors + CM Firms for 2022
J.H. Findorff & Son, PCL Construction Enterprises, Juneau Construction, and Sundt Construction top the ranking of the nation's largest student housing facility contractors and construction management (CM) firms for 2022, as reported in Building Design+Construction's 2022 Giants 400 Report.
Giants 400 | Aug 29, 2022
Top 35 Student Housing Facility Engineering + EA Firms for 2022
Kimley-Horn, Wiss, Janney, Elstner Associates, KPFF Consulting Engineers, and Jacobs top the ranking of the nation's largest student housing facility engineering and engineering/architecture (EA) firms for 2022, as reported in Building Design+Construction's 2022 Giants 400 Report.
Giants 400 | Aug 29, 2022
Top 70 Student Housing Facility Architecture + AE Firms for 2022
Niles Bolton Associates, Mithun, Gensler, and Perkins and Will top the ranking of the nation's largest student housing facility architecture and architecture/engineering (AE) firms for 2022, as reported in Building Design+Construction's 2022 Giants 400 Report.
