Summary:
- Landmark Properties, in partnership with HC2 Capital and Peninsula Investments, acquired a 40-acre site in Boone, North Carolina, to develop The Retreat at Boone, a 625-bed off-campus student housing community near Appalachian State University, with delivery scheduled for the 2027-2028 academic year.
- The Retreat at Boone will offer premium, cottage-style units with private bathrooms, high-end finishes, and a 12,514-square-foot amenity package including a resort-style pool, fitness center, skate park, and private shuttle service, addressing significant unmet demand driven by Appalachian State’s enrollment growth and local development restrictions.
- Landmark Properties, managing 72,000 beds across 115 communities and with a $15 billion portfolio, will lead development and construction through Landmark Construction and Niles Bolton Associates, supported by construction financing from Trustmark Bank and First Financial Bank.
Original article:
