Quality New Residential Choices &
Significant Tax Revenue For The Vestal Community

Landmark Properties is one of the nation’s leading developers of student housing that has a deep understanding of the market and a strong commitment to delivering high-quality communities with a strong track record of success.

With over 19 new construction lease-ups at 95% occupancy or greater and an overall company-wide historical occupancy rate of over 97%, Landmark’s track record is unparalleled.

Among Landmark’s many awards & accolades, the company has been named the Nation’s Top Developer of Student Housing for 4 years running.

This proposal adds much-needed housing variety with a mix of unit types that will be attractive to all persons associated with the university, such as students, faculty and administrators, as well as anyone else seeking high-quality new construction rental opportunities.

The apartment rental market is 100% occupied, with above-average rent growth, representing a strong demand for additional housing choices in the community. The university is also targeting 6% enrollment growth over the next two years, and large employers close by, such as Our Lady of Lourdes Memorial Hospital and Lockheed Martin, continue to draw young professionals to the area.

Landmark will provide a differentiated, unique product with luxury, low-density housing not currently offered in the community for anyone seeking an alternative to the costs or maintenance of owning a single-family home.

Landmark understands the importance of being a good neighbor. All of our university-focused housing communities have a professional management team on-site as well as strictly enforced community restrictions, which serve to maintain an appropriate living environment for both residents and neighbors. These regulations, which include noise restrictions, are enforced through the renal contracts, which include eviction policies for nonconformance with regulations. There will also be a 24/7 hotline where our management can be reached as a resource for our neighbors.

Given varying class or work schedules for the student population, the proposed development will be a minor traffic generator with the majority of trips occurring between campus and the site. Multi-modal transportation methods will be encouraged with bicycle racks available and a shuttle service to campus to reduce vehicular trips.

According to a Traffic Impact Assessment conducted by GTS Consulting, a capacity analysis of the 2022 background condition shows all Levels of Service are maintained from the existing condition during both peak hours with the exception of the westbound left-turn movement off Bunn Hill Access, which adds 1 second of average delay during the evening peak hour. Approximately 81 vehicles will be exiting during the morning peak hour and just over 100 vehicles entering and exiting during the evening peak hour.

No. Landmark is requesting a zoning overlay to change in parcels from RR (Rural Residential) to PDD (Planned Development District).

While pricing and floorplans are not yet available, we encourage you to sign the letter of support to help make this proposal a reality and demonstrate the interest that exists for this type of high-quality residential product.

No. While Landmark Properties specializes in university-focused housing, the Retreat at Bunn Hill will provide a differentiated, unique product with luxury, low-density housing not currently offered in the community for anyone seeking an alternative to the costs or maintenance of owning a single-family home. Not only will this community appeal to students, professors and administrators seeking high-quality new construction, but also to young professionals working for the large employers in the area.