LV Collective and Harrison Street to Develop Premier Mixed-Use Project in College Park, MD

College Park, MD – June 17, 2025 – LV Collective, an award-winning multifamily and student-oriented housing developer, and Harrison Street, one of the leading investment management firms exclusively focused on alternative real assets with approximately $55 billion in assets under management, have announced a joint venture to develop a mixed-use project including multifamily, student-oriented housing, retail and a community center. Designed to serve both the University of Maryland, the Lakeland Community, and the city of College Park, the development, Rambler College Park, is scheduled to be delivered in fall 2027.

Located less than a quarter mile from the University of Maryland, the development is planned to include 288 units and 1,003 beds across 340,000 square feet. Residents will enjoy high-end amenities curated for the College Park and University of Maryland lifestyle. Highlights include “DayDreamer” – a ground-level coffee shop, a second-floor co-working mezzanine, an outdoor terrace, a hot tub with a jumbotron, a fitness center, yoga studio and cold plunge.

“At LV, our mission is to enhance the everyday experience of those who engage with our spaces,” said Jonathan Reyes, President of Student Housing at LV Collective. “This development reflects our commitment to creating environments that go beyond housing—places where students, residents, and the community alike can thrive, connect, and grow. We’re especially proud of the collaboration with the city of College Park, which allowed us to align our vision with the community’s values and goals. Together, we’re delivering a vibrant, inclusive space that we believe supports student success, local engagement, and long-term community impact.”

“This new development builds on our recent student-oriented housing collaborations with LV at Purdue and the University of Michigan and advances our strategy of investing in accommodations near leading STEM institutions through teaming up with top notch development and operating partners,” said Justin Gronlie, Head of Education Transactions – North America at Harrison Street. “With enrollment at the University of Maryland continuing to grow and student housing supply constrained, we believe this development is well-positioned to meet the evolving needs of both students and the broader university community.”

“Financing the development of Rambler College Park presents a compelling opportunity to expand our growing debt platform while deepening our relationship with a premier development team that is delivering exceptionally well-designed housing and retail to a thriving neighborhood,” said Thomas Whitesell, Head of the Debt Investment Group at Kennedy Wilson. “We look forward to supporting the construction of this remarkably well-located project with such strategic proximity to the University of Maryland campus, and seeing the mixed-use community come to life over the next several years.”

Rambler College Park is designed to provide 13,715 square feet of retail space, including businesses that were previously tenants of Campus Village Shoppes. It is also the culmination of close collaboration between LV Collective, the Lakeland Civic Association and the Lakeland Community Heritage Project to plan and program a community center located within the development. The program includes a library and archive to preserve and share the history of Lakeland as well as a flex-space to be used for functions such as presentations, art galleries, and gatherings.

Project partners include WDG Architecture as the architect, John Moriarty & Associates as the general contractor, and Variant Collaborative as the interior designer.