A partnership between Portman, 908 Group, Canyon Partners Real Estate and PTM Partners has been formed to develop a new student housing project called “The Hall” on the Florida State University (FSU) campus. The location of the project is across from Legacy Hall, which will be the future home of FSU’s College of Business. Construction for this Tallahassee project began recently and is expected to be completed by Spring 2026.
To finance this venture, a $73.3 million senior construction loan was secured from Pacific Life Insurance Company with financial advice provided by TSB Capital Advisors for Portman and 908 Group.
“The Hall” will be a Class-A student housing complex situated in a Qualified Opportunity Zone. It will consist of two mid-rise buildings offering 191 units and 674 beds along with ample parking space for up to 452 vehicles. Additionally, there will also be approximately 7,689 square feet of retail space on the ground floor as well as amenities such as a rooftop pool and fitness center.
FavorGray has been selected as the general contractor for this development with an estimated completion date before the start of FSU’s academic year in fall/winter seasonof2026-2027.
