Landmark Properties has closed on the acquisition of a 3.29-acre site in Auburn, Ala., in partnership with Manulife Investment Management (Manulife IM). The developer plans to build The Mark Auburn, an 825-bed student housing community at 141 Wright St., the fifth project in a build-to-core joint venture executed with the Manulife Infrastructure Fund pool. Peninsula Investments also partnered on the project adding to their investments across Landmark’s portfolio of student housing communities.
The mid-rise building will feature 329 units in a mix of studios to five-bedroom apartments. Landmark Construction will serve as the project’s general contractor, while BKV Group is the project’s architect. Delivery is anticipated in time for the Fall 2028 academic year.
The coveted downtown site is adjacent to the campus core of Auburn University and near many dining, retail and entertainment options on College Street and Magnolia Avenue. Landmark was able to secure a co
