Landmark Properties has acquired a 15-acre site at 1345 28th Street near the University of Colorado Boulder (CU Boulder) in Boulder, Colo.
The firm will begin construction on The Standard at Boulder, a 936-bed student housing community, Landmark Properties’ first development of purpose-built student housing product in the Boulder market. The project caps off approximately $700 million in year-end transactions for Landmark in 2023, adding to the company’s record year.
The planned 447,000-square-foot building will include 303 student apartments to answer the growing demand for student housing within walking distance of the CU Boulder campus. Landmark Properties expects to begin abatement and demolition of the existing hotel on the site, former home to the Harvest House Hotel, in early 2024. Landmark Construction, the construction arm of Landmark Properties, will be the general contractor with completion expected in Fall 2027.
“The Boulder mark