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Real estate firm acquires 67 acres in Columbia for student housing community

Jason Thomas //June 21, 2024//

A 197-unit, 826-bed cottage-style student housing community planned for Columbia will be modeled after other Landmark Properties' projects, like this one. (Photo/Landmark Properties)

A 197-unit, 826-bed cottage-style student housing community planned for Columbia will be modeled after other Landmark Properties' projects, like this one. (Photo/Landmark Properties)

A 197-unit, 826-bed cottage-style student housing community planned for Columbia will be modeled after other Landmark Properties' projects, like this one. (Photo/Landmark Properties)

A 197-unit, 826-bed cottage-style student housing community planned for Columbia will be modeled after other Landmark Properties' projects, like this one. (Photo/Landmark Properties)

Real estate firm acquires 67 acres in Columbia for student housing community

Jason Thomas //June 21, 2024//

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A real estate firm has acquired 67 acres in Columbia for the development of a student housing community.

Landmark Properties, a real estate firm specializing in development, construction, investment management, and operation of high-quality residential communities, has partnered with Peninsula U.S. to acquire the site and start construction on a 197-unit, 826-bed cottage-style student housing community, according to a news release.

Landmark Cottage Construction, the in-house general contractor for Landmark Properties, is managing construction on the project, the release stated. The new student cottage community is expected to open for occupancy in August 2026.

“Strong enrollment growth at the University of South Carolina has led to a surge in demand for quality housing options proximate to campus,” said Wes Rogers, CEO of Landmark Properties, in the release. “We’re excited to begin another development in the Columbia market and feel that our cottage-style community will offer students a spacious and amenity-rich housing solution while remaining close to campus.”

Located at 1050 Idlewild Blvd. just 1.3 miles from the University of South Carolina main campus and less than a mile from Williams-Brice Stadium, the community will rise adjacent to a parcel earmarked for the university’s “Stadium Project,” a $1 billion modernization initiative slated to transform over 800 acres west of the stadium for commercial and entertainment uses, according to the release.

Related: Foreign group acquires 17-story student housing tower in Columbia

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The community will include a mix of floorplans ranging from two- to six-bedroom options. Fully furnished residences will be wired for high-speed internet and will include private bathrooms and high-end finishes such as hardwood-style laminate floors, quartz countertops and stainless-steel appliances as well as oversized kitchen cabinets for added storage and a full-sized washer/dryer in each residence, the release stated.

Amenities include a resort-style outdoor pool complex featuring a sun deck, cabanas, hammocks, a Jumbotron and outdoor grilling stations, the release stated. Residents will also have access to a sand volleyball court, a sports simulator and fire pits. The property will also feature an expansive clubhouse with a 24-hour fitness center, dedicated study spaces, and a computer lab. Students will also have access to a complimentary shuttle service for convenient commuting to and from the USC campus and downtown Columbia.

“We are excited to partner with Landmark Properties in the development of this cottage-style community serving University of South Carolina students.  This marks our 15th investment with Landmark,” said Juan Fernando Valdivieso, managing director of Peninsula U.S., in the release. “The cottages at Columbia will bring a level of amenities unmatched in the market and will enhance the living and learning environments for students at University of South Carolina.”

The new cottage-style community will add to the portfolio of properties managed by Landmark in Columbia which include The Standard at Columbia, which opened in 2023, and Saga Columbia, acquired by the firm in 2021.

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