Greystar Breaks Ground on The Henry at Whitney Village

Tampa, FL – April 22, 2025 – Greystar, the global leader in rental housing, investment management, development, and property management, and Griffin Capital, a real estate investment and management company, today announced the groundbreaking of The Henry at Whitney Village in St. Petersburg, Florida. 

Located in the Grand Central District, The Henry at Whitney Village will be a 5-story, 325-unit wrap-style development offering a mix of studio, one-, two-, and three-bedroom residences. 

At the heart of the community is a vibrant courtyard designed for both relaxation and connection, featuring a pool with private cabanas, shuffleboard courts, ping pong tables, outdoor grill stations, fire pits, and generous lounging areas. 

Additional thoughtfully designed amenities include a resident clubhouse with a lounge and bar, pet spa with grooming stations, sauna, fitness center, smart home technology, EV charging stations, coworking spaces, private offices, bike storage, and more. The project is being developed on 3.5-acres of a larger 12.9-acre tract owned by YMCA.  

“We’re proud to activate a long-vacant site with new housing that complements the energy and growth of the Grand Central District,” said David King, Managing Director for Development at Greystar. “This neighborhood has evolved into one of St. Pete’s most vibrant destinations, surrounded by walkable restaurants, breweries, and retail.” 

The Henry at Whitney Village will offer convenient access to downtown St. Petersburg and major transportation routes, appealing to residents seeking a connected, amenity-rich lifestyle.  “We are proud to be a part of the transformation and growth in St. Petersburg, FL, which we consider to be one of the best cities and submarkets in Central Florida, as evidenced by our numerous high-quality developments in the market,” said Lewis Stoneburner, Senior Managing Director for Development at Greystar.

Construction is scheduled to begin in April 2025, with completion expected in March 2027. Pre-leasing will begin in December 2026. 

About Greystar 
Greystar is a leading, fully integrated global real estate company offering expertise in property management, investment management, development, and construction services in institutional-quality rental housing, logistics, and life sciences sectors. Headquartered in Charleston, South Carolina, Greystar manages and operates nearly $315 billion of real estate in approximately 250 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. With a focus on doing things the right way, Greystar is driven by the vision of delivering world-class results with integrity. Greystar is the largest operator of apartments in the United States, manages over 1,000,000 units/beds globally, and has a robust institutional investment management platform comprised of over $78 billion of assets under management, including approximately $36 billion of development assets. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business.

About Griffin Capital Company
Griffin Capital Company is a leading full-service real estate investment and management company that for nearly three decades has established a reputation for leadership and innovation led by a team of cycle-tested professionals with expertise in acquisitions, investment management, capital markets, financial reporting, legal, development, and construction management. Since 1995 the Firm has owned, managed, sponsored and/or co-sponsored approximately $23 billion in assets1 across a wide range of real estate sectors and investment structures. The Company’s senior executives and employees have co-invested over $300 million in various investment verticals, aligning Griffin Capital’s interest with those of its investors.

¹Includes estimated total project costs for assets under construction.