Campus Apartments, a national leader in the student housing sector, and Mosaic Development Partners, announced they have broken ground on a $148.75M graduate student housing project at the University of Maryland, College Park.
The 323,000-square-foot residential building will offer fully-furnished studios and two- to five-bedroom apartments, along with common area amenities that include a large ground-floor conference space with interior and exterior courtyards, a penthouse community lounge and terrace, various community breakout spaces, resident parking and internal bike storage.
Prominently located along Campus Drive, the community will be within walking distance of the main campus and just steps from a new Purple Line light rail stop, which is anticipated to open in 2027. It also offers easy access to the popular Paint Branch Trail, which provides off-road routes to Washington, D.C. and surrounding communities.
“After two years of strategic planning with the University of Maryland, Terrapin Development Company and the Maryland Economic Development Corporation (MEDCO), we are pleased to announce the project’s ground-breaking,” said Daniel Bernstein, President and Chief Investment Officer at Campus Apartments. “This partnership enables the university to address its growing graduate housing demands by leveraging our team’s years of industry expertise and resources. We are beyond excited to be a part of this transformational project.”
