Produced by the Office of Marketing and Communications
Two development companies have broken ground on a $148.75 million graduate student housing project at the University of Maryland.
The LEED Silver-certified development from Campus Apartments and Mosaic Development Partners will be at the site of the former Old Leonardtown community. It will accommodate 741 residents and be included within the university’s graduate housing offering.
“Through our partnership with Campus Apartments and Mosaic, we’re able to provide high-quality graduate student housing options that our university has long needed,” said Carlo Colella, vice president and chief administrative officer at UMD. “This project marks a huge milestone for our growing campus and its ability to meet evolving resident experience needs and student demand.”
The 323,000-square-foot building will offer furnished studios and two- to five-bedroom apartments along with amenities including conference space with interior and exterior courtyards, a penthouse community lounge and terrace, breakout spaces, resident parking and internal bike storage.
Prominently located along Campus Drive, the community will be within walking distance of the campus and just steps from a new Purple Line light-rail stop. It also offers easy access to the Paint Branch Trail.
The groundbreaking followed two years of strategic planning with the University of Maryland, Terrapin Development Co. and the Maryland Economic Development Corp. (MEDCO).
“This partnership enables the university to address its growing graduate housing demands by leveraging our team’s years of industry expertise and resources,” said Daniel Bernstein, president and chief investment officer at Campus Apartments. “We are beyond excited to be a part of this transformational project.”
Campus Apartments and Mosaic have partnered with architects Gensler and Michael Marshall as well as Davis Construction and Smoot Construction Co. of Washington, D.C.
“We are very excited to have gotten to this point in our partnership with Campus Apartments, as well as our community partners at the University of Maryland, Terrapin Development Company and MEDCO,” said Mosaic CEO Greg Reaves. “We are equally thrilled at our ability to put together a team of talented professionals who represent a diverse pool of national, regional and local members of the community.”
Maryland Today is produced by the Office of Marketing and Communications for the University of Maryland community on weekdays during the academic year, except for university holidays.
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