 Mercer began construction on Phase II of the Mercer Landing development in early 2018.The project, located adjacent to the residential loft complex completed in 2016, will provide more student housing and more parking for the complex and for Five Star Stadium, which is located across Mercer University Drive.On October 31, 2014, Mercer announced an effort to raise $400 million, including $207 million for its endowment, $109 million for capital projects, and $84 million for operations.