A 738-bed student housing development is expected to break ground later this year near the University of Connecticut campus in Storrs.
The Hartford Courant reports that Landmark Properties has closed on the property called The Mark Mansfield, which will be the second Landmark Properties project near the UConn campus. In 2022, The 890-bed Standard at Four Corners project is expected to be completed this August.
"The UConn market is one we have been attracted to for a long time, particularly with this project," said Chase Powell, Landmark Properties senior director of development. "We like to be as close to campus as possible. It's technically off-campus student housing, but this property is surrounded by UConn on three sides. It's a phenomenal location."
The number of undergraduates at UConn has been steadily increasing. In 2022, there were 18,768; in 2023, it was 19,147; in 2024, the number increased to 19,835.
Powell says Landmark is bullish on the UConn market because of "continual enrollment increases coupled with the lack of supply in the market."
The Mark Mansfield will have three-, four- and five-bedroom units. The project is expected to be completed by summer 2028.