Student Housing Daily - October 22 - Landmark to build 546-bed project

Core Spaces/Wexford break ground on 30-story tower. Audit flags San Jose and CSU over grant use. Landmark launches 1,350-bed projects. Student housing continues taking aim at the power four conferences. Four new student housing deals.

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Aid Sopjani & Matt H
October 22, 2025

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NEWS ROUNDUP

DEVELOPMENT: Landmark to build 546-bed project near Penn State. Landmark Properties, in partnership with Golden Primera and Peninsula Investments, has acquired an 11.2-acre site in State College, Pennsylvania for the development of The Retreat at Westerly, a 546-bed off-campus student housing community designed to serve Pennsylvania State University students.

DEVELOPMENT: Core Spaces and Wexford break ground on 30-story tower in Tempe. Core Spaces, in partnership with Wexford Developments, has officially broken ground on Hub on Campus Tempe, a 30-story, mixed-use student housing tower that will bring nearly 2,000 beds to the Arizona State University area and downtown Tempe. Scheduled for completion in summer 2028, the development is being financed by Kennedy Wilson, with TSB Capital Advisors serving as transaction consultant. Findorff is the general contractor, RSP Architects is leading the design, and Core Spaces’ in-house team is handling interiors.

DEVELOPMENT: Audit flags San Jose and CSU over grant use for housing project. A state audit has raised serious concerns about San Jose State University’s plan to purchase Spartan Village, a recently opened student housing facility, using $89 million in state grant funds originally allocated for a different project — Campus Village 3. According to the audit, the California State University (CSU) system failed to follow proper procedures and state law by redirecting funds without submitting Spartan Village for formal approval through the Higher Education Student Housing Grant Program.

DEVELOPMENT: Landmark launches 1,350-bed student housing projects near UConn. Landmark Properties is moving forward with two off-campus student housing developments near UConn Storrs, totaling 1,350 beds. The first, The Mark Mansfield, will deliver 738 beds and retail space on the former Huskies Tavern site. The second, The Hub, is still under negotiation. Both projects are supported by UConn easement agreements, shuttle access, and parking coordination.

STUDENT HOUSING FOR SALE

Click each image for more information:

The Social at Stadium Walk | 908 W. Lake St., Fort Collins, CO 80521

140 Beds | Prime Value-Add Opportunity | Significant Capex Completed | Available Individually or as a Portfolio With Social West | CFO: November 5th

The Social West | 1117 City Park Ave., Fort Collins, CO 80521

285 Beds | Prime Value-Add Opportunity | Significant Capex Completed | Available Individually or as a Portfolio With Social at Stadium Walk | CFO: November 5th

U Club Townhomes at Oxford | 100 U Club Cove, Oxford, MS 38655

528 Beds | 99% Occupied For AY ‘25-’26 | 22% Rent Growth | 57% Preleased For AY ‘26-’27

Chapter Madison | 832 Regent St, Madison, WI 53715

534 Beds | Built in 2024 | 100% Occupied in Inaugural Year | 97.9% Occupied For The Current Year

ONE MORE THING

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