MIAMI, FL - Construction is underway on The One at University City, a 1,244-bed student housing community located across the street from the Florida International University campus in Miami.

The project was financed through a $231 million bond issuance by University Bridge and is being developed by a partnership between Global City Development, RER Ventures and Podium Developments. Landmark Properties has been tapped to manage the community, which is currently 45 percent pre-leased.

The development is set to offer studio, one-, two-, three- and four-bedroom, fully furnished units with bed-to-bath parity. Shared amenities will include a sundeck and swimming pool, state-of-the-art fitness center, study lounges and a resident clubroom.