Greystar intends to develop a new multifamily community on 6.35 acres in the Atlanta metro area, near the intersection of Parsons Drive and Peachtree Boulevard. The company bought the land for the project for $11.5 million.

The Marlowe Chamblee project will bring 300 units in two mid-rise style buildings to Chamblee, a high-growth area just outside of Atlanta. Construction is expected to begin in April, with final completion slated for Summer 2027. Marlowe Chamblee will be the multifamily component of the 30.5-acre Chamblee Park mixed-use development. 

Chamblee Park, expected to stretch across nearly 31 acres, would rise about a mile north of a proposed film studio.

Greystar’s John Roberson added, “This prime location sits just north of Assembly Studios, anchored by NBC Universal. Assembly Studios will include a five-acre park, boutique hotel, and a convention center with restaurants and retail. We are looking forward to breaking ground in the coming months.” 

Belmont Village Senior Living and Greystar Real Estate Partners have broken ground on Belmont Village Rancho Santa Fe. This marks Belmont Village’s fourth community in the San Diego area and its 17th in California since its founding in 1997. It’s also the second partnership between Belmont Village and Greystar, following their La Jolla community launched in 2022.

“Belmont Village has always been committed to providing unparalleled living experiences for our residents, and this groundbreaking marks another step in that mission,” said Patricia Will, founder and CEO of Belmont Village. “As a resident of Rancho Santa Fe, I am personally invested in bringing this exceptional community to life.”

Located inside the gated Lakes at Rancho Santa Fe community, the new Belmont Village will provide 185 independent living, assisted living and memory care residences, including 15 private cottages. Construction is slated to begin in December, with completion expected in late 2026.

Greystar Real Estate Partners broke ground on a two-building student housing development at Merrimack College. The project, a result of a public-private partnership, is composed of 540 beds on the school’s North Andover, MA campus. The new residence halls represent the largest increase in Merrimack’s on-campus housing stock since 2015. 

Upon completion in Fall 2026, the two four-story residence halls designed by Cube 3 will deliver 540 new beds to Merrimack’s campus. The first residence hall will contain traditional-style student housing, totaling 79,600 square feet and 351 beds. The adjacent 61,300-square-foot residence hall will offer 189 beds through suite-style units. 

“Greystar is proud to support Merrimack College with new on-campus living options for students,” said Gary Kerr, senior managing director of development at Greystar. “For many, communal living is a quintessential aspect of the college experience, and these buildings will offer attractive housing that will foster learning and growth.” 

Greystar opened the doors of 25 North Lex in White Plains, its first residential development in New York, to its first move-ins. Located at 25 N. Lexington Ave., directly across from the White Plains Metro-North Train station, which recently underwent a $95-million renovation, 25 North Lex includes 500 luxury rental residences, nearly 60,000 square feet of amenities and approximately 16,000 square feet of ground-floor retail. 

“We’re thrilled to welcome the first residents to their new homes at 25 North Lex, where they’ll enjoy a simplified style of living accompanied by direct access to New York City and beyond through the adjacent Metro station,” said Gary Kerr, senior managing director of development at Greystar. “Greystar is especially excited by the integration of art within and around the 25 North Lex community. Along with these new apartments, the public art is bringing renewed vitality to downtown White Plains, making the area more attractive for those living, working and visiting the city.”

The 813,346-square-foot project features two intersecting towers of 16 and 25 stories rising from a four-story podium concealing a large, covered parking structure with bicycle storage. 

Belmont Village Senior Living and Greystar Real Estate Partners, LLC will develop Belmont Village Rancho Santa Fe, a luxury senior housing community within the gated Lakes of Rancho Santa Fe master-planned community. Groundbreaking is expected before year-end. Located at 16202 Sunny Summit Dr. in Rancho Santa Fe, the project will feature more than 185 apartments, including 15 freestanding cottages.

Jerry Brand, executive director of Greystar Development and Construction Services, and Belmont CEO Patricia Will are both long-term residents of Rancho Santa Fe. Following the success of their initial collaboration, Belmont Village La Jolla in 2022, Brand and Will are bringing their expertise to their hometown.

“Simply put, this is the project where I expect to live,” said Will. Belmont Village Rancho Santa Fe will be Belmont Village’s fourth community in the San Diego area and 17th in California since 2002. The company benefits from a relationship for program development with UCSD’s Stein Center for Research on Aging.

Pictured: Patricia Will and Jerry Brand.

Greystar says it’s started construction on its Alpharetta active adult rental community. The Everleigh Deerfield will be located 1010 Meliora Road.

Plans for the community include 16 floor plans ranging from 656-square-foot studios to two-bedroom, two-bathroom units spanning over 1,700 square feet. Monthly rents will start at just under $2,000 a month.

After adding almost 10,000 owned units to its portfolio last year, Greystar became the country’s No. 1 apartment owner with 108,566 residences as of Jan. 1, 2024. It passed Memphis-based REIT MAA, which was second with 100,894 apartments. King of Prussia, Pennsylvania-based Morgan Properties was third with 92,935 units.

Greystar was also No. 1 on the top developer list and kept its top spot on the NMHC Top 50 Managers list for the 13th straight year. The company’s 798,272 apartments under management dwarfed new second-place operator Asset Living’s 291,322 units.

Greystar was selected, along with the development firm’s nonprofit partner, Provident Resources Group, by the University of Washington’s Board of Regents to lease four University-owned student housing properties.

In addition to taking over management of the Nordheim Court and Radford Court buildings, Greystar will also redevelop Blakeley Village and Laurel Village into larger housing properties. CBRE’s Northwest multifamily team advised UW in its search for a developer.

Greystar began the preliminary permit process last month, submitting paperwork to redevelop the two older student housing properties which are located near the campus. Provident will serve as the lessee and borrow the proceeds of tax-exempt bonds to fund the redevelopment. 

Redevelopment plans include updating the 80-unit Blakeley Village into an approximately 1,000 single-student apartment property and transforming Laurel Village from an 80-unit student family building into a community of nearly 350 apartments. Both are expected to be completed by the summer of 2028.