950+ Bed Student Housing Community Adjacent to the University of Michigan’s Campus
Landmark Properties, a fully-integrated real estate firm specializing in development, construction, investment management, and operation of high-quality residential communities, has partnered with Manulife Investment Management (Manulife IM) to construct The Metropolitan on South U, a 259-unit student housing community at 1208 South University Ave. This project represents the sixth project in a build-to-core joint venture executed with the Manulife Infrastructure Fund pool.
Construction will begin imminently. Landmark Construction, the in-house general contractor for Landmark Properties, will build the project with Myefski Architects serving as architect. Peninsula Investments also partnered on the project, adding to their investments across Landmark’s portfolio of student housing communities.
“We are excited to move forward with construction on The Metropolitan on South U and bring much needed housing to the Ann Arbor market as enrollment growth at the University of Michigan remains steady,” said Jason Doornbos, Chief Development Officer of Landmark Properties. “The well-located community is poised to add renewed vibrancy to the university ecosystem in Ann Arbor.”
The Metropolitan on South U is steps from the University of Michigan’s Ross School of Business, the Michigan Diag, and a variety of shopping, dining, and entertainment options. Fully furnished residences will feature quartz countertops, hardwood-style laminate floors, stainless steel appliances, in-unit laundry, and will come prewired for internet and cable access.
“We are proud to expand our partnership with Landmark with this development at the University of Michigan, supported by strong local market fundamentals and a premier location adjacent to campus,” said Jonathan Kimball, Associate Director at Manulife IM.
“We are excited to partner with Landmark on our second development at the University of Michigan, and ninth in 2025. Its proximity to Ross School of Business makes it an ideal location within Ann Arbor, a market with strong market fundamentals,” said Juan Fernando Valdivieso, Managing Director of Peninsula Investments.
Community amenities will include a well-appointed clubhouse, modern fitness center, resort-style pool and rooftop lounge with a variety of seating options. The Metropolitan will also include approximately 5,000 square feet of ground-floor retail space.
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