Landmark Properties and Manulife Investment Management have launched construction on The Metropolitan on South U, a large-scale student housing development located steps from the University of Michigan’s campus in Ann Arbor.
The 259-unit community, totaling more than 950 beds, will rise at 1208 South University Ave. and represents the sixth project in a build-to-core joint venture between Landmark and the Manulife Infrastructure Fund. Construction is expected to begin immediately, with Landmark Construction serving as the in-house general contractor and Myefski Architects leading design efforts. Peninsula Investments is also partnering on the development.
"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 project’s location places it within walking distance of the Ross School of Business, the Michigan Diag, and a wide range of retail, dining and entertainment options serving the campus area.
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"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.
Residences at The Metropolitan on South U will be fully furnished and include quartz countertops, hardwood-style laminate flooring, stainless steel appliances, in-unit laundry, and prewired internet and cable access.
Community amenities are planned to include a clubhouse, modern fitness center, resort-style pool, rooftop lounge with multiple seating areas, and approximately 5,000 square feet of ground-floor retail space.
The project adds to Landmark Properties’ growing national portfolio of student housing developments and reflects continued investor interest in markets with strong university enrollment and long-term housing demand.
Originally reported by Landmark Properties in PR News Wire.
