Ann Arbor, Mich. – Landmark Properties has acquired a 0.58-acre site at 1208 South University Ave. near the University of Michigan campus in Ann Arbor for the development of a 950-bed student housing project. The site is currently home to the Galleria Mall retail center, which was developed in 1997. The project, dubbed The Metropolitan on South U, will offer 241 fully furnished units. Shared amenities will include 5,200 square feet of ground floor retail space, a clubhouse, fitness center, resort-style pool and rooftop lounge. A timeline for the project, which will be Landmark’s third residential development in Ann Arbor, was not announced. Landmark Construction, the company’s in-house construction arm, will act as general contractor for the development.