Landmark Properties Delivers 909-Bed The Mark Philadelphia Student Housing Tower in University City

Athens, Ga. — Landmark Properties has delivered The Mark Philadelphia, a 909-bed student housing community in Philadelphia's University City neighborhood, the firm announced Oct. 5, 2026. Rising 34 stories, the property at 3615-35 Chestnut Street is the tallest student housing property in the University City submarket, according to the firm.

The Mark is Landmark's second ground-up development in Philadelphia, following The Standard at Philadelphia, which opened in 2023. The first residents moved in ahead of the fall 2026 academic term.

The Mark Philadelphia: Property and Development Details

The Mark sits one block from the University of Pennsylvania campus and a short walk from Drexel University. BKV Group designed the project, and Landmark Construction, the firm's in-house construction arm, served as general contractor.

The building totals approximately 415,849 square feet and contains 363 units across 909 beds. Floor plans range from studios to six-bedroom apartments. The program includes 236 apartments and 127 group-living units, along with approximately 70 automobile parking spaces and 96 bicycle spaces.

Every residence is fully furnished and wired for cable and high-speed internet. Apartments include in-unit laundry and hardwood-style flooring, and most bedrooms have a private bathroom. Kitchens are finished with quartz countertops and stainless-steel appliances. A curated art program throughout the community features original works by local Philadelphia artists.

Amenities Span Rooftop Deck, Fitness and Study Space

The signature rooftop amenity deck overlooks the Philadelphia skyline and includes an outdoor pool, a heated spa, a Jumbotron and an indoor clubroom with a pool table, games and spaces for studying and socializing.

Academic offerings include an academic and business lounge and private study and coworking rooms equipped with interactive smart displays. The 24/7 fitness center features a TRX training system, an Isawall Hub training system, a battle rope station and plyo boxes. A yoga lawn provides outdoor workout space, and a dedicated wellness suite includes a sauna, tanning and a serenity deck. Residents also have access to a sports simulator.

The building is within walking distance of Amtrak's 30th Street Station and dining, entertainment and retail destinations on Market Street and beyond.

Landmark Properties on Demand in University City

"Landmark is excited to have welcomed the first residents to The Mark Philadelphia ahead of fall term," said Jason Doornbos, Chief Development Officer at Landmark Properties. "With most UPenn and Drexel students living off campus, there is strong demand for newer housing with a robust amenity package, modern finishes, and a range of floor plans. The Mark raises the bar for students living in University City. Its height gives residents views of the city you can't find anywhere else in the submarket, and its amenities and finishes set a new standard for the UPenn and Drexel market."

University City Market Context

University City is anchored by the University of Pennsylvania, Drexel University, Penn Medicine and related research and employment institutions. That concentration of education and health care employers supports recurring housing demand from students, faculty, medical workers, researchers and young professionals.

University City's office occupancy was 80.6% in 2025, the strongest rate in downtown Philadelphia. Broader Philadelphia multifamily occupancy was projected at approximately 93.9% at year-end 2025, with effective rent growth around 3%. Occupancy estimates vary by geography, property class and data provider; a separate market source put Philadelphia multifamily occupancy above 96% in mid-2025.

The Mark adds 909 beds in a single tower to the submarket. Its mix of studios through six-bedroom units positions it to compete for students seeking smaller units, groups seeking larger apartments and residents who prioritize private bathrooms and amenities. A permit for the project's core-and-shell work carried a construction value of $45.1 million.

About Landmark Properties

Landmark Properties is headquartered in Athens, Ga., with offices in Atlanta, New York and London. The fully integrated real estate investment management firm specializes in the development, construction, acquisition and operation of high-quality residential communities. It has more than $15 billion in assets under management, and its portfolio includes more than 115 residential communities across the United States with 76,000 beds under management.

The firm also has an active development pipeline of more than 50 student and multifamily projects under construction or near-term start, with an estimated value of more than $10 billion.

Sources

Landmark Properties press release, Oct. 5, 2026: https://www.landmarkproperties.com/landmark-properties-expands-presence-in-philadelphia-with-delivery-of-the-mark-philadelphia/