Portman, 908 Group, Canyon Partners and PTM Form Joint Venture to Develop 674-Bed Student Housing Project at Florida State University

TALLAHASSEE, FL - Portman, 908 Group, Canyon Partners Real Estate LLC and PTM Partners have announced the formation of a new joint venture to develop a student housing project on the Florida State University campus across from Legacy Hall, the future home for the FSU College of Business, currently under construction with completion scheduled for spring 2026. The joint venture secured a $73.3 million senior construction loan from Pacific Life Insurance Company.

The Hall is a Class-A student housing project located in a qualified opportunity zone. It will feature 191-units and 674 beds across two mid-rise buildings, with 452 parking spaces and 7,689 square feet of ground floor retail. The General Contractor is FavorGray. Construction is expected to be completed prior to the start of the 2026-2027 academic year.

The Hall will bring a luxury residential experience immersed within the FSU campus, with amenities including a rooftop pool, high-speed Wi-Fi, and a state-of-the-art fitness center. Residents will benefit from immediate proximity to the new Legacy Hall of Business facility, expected to be the largest academic space on campus. The Hall is also a 10-minute walk from FSU's main campus, and central to a variety of key retail offerings including restaurants and fitness studios.

"Today's students expect the best in their living experience, and Portman has a proven track record of delivering top-of-the-line residential communities that do just that," said Portman Senior Vice President Rodney King. "We are entering the market with a solid deal to deliver a high-quality student housing project at one of the southeast's most prominent college campuses. We are bullish on student housing and are currently pursuing several deals at top-tier universities that will break ground in 2025."