Greystar Breaks Ground on Phase II of Tomoka Village
Daytona Beach, FL – May 30, 2025 – Greystar, a global leader in rental housing, investment management, development, and property management, today announced the groundbreaking of Tomoka Village Phase II, a continuation of its residential expansion in Daytona Beach, Florida.
Tomoka Village Phase II will feature several three-story, garden-style buildings and a one-story clubhouse on a 23.2-acre site. The community will offer 330 units with a mix of one-, two-, and three-bedroom residences.
In addition to the clubhouse, the community will feature a walk-in pool, co-working spaces with micro-offices, a 24-hour wellness studio with cardio equipment and free weights, a fenced-in dog park with seating, and onsite EV charging stations.
"With Daytona Beach’s strong economic drivers and appeal as both a lifestyle and employment destination, we’re proud to bring more high-quality rental housing to the area," said David King, Managing Director for Greystar Development. “We are thrilled to continue expanding Tomoka Village with this next phase."
Located at 1698 N Clyde Morris Boulevard, Tomoka Village Phase II is just minutes from the Daytona Beach Boardwalk, shopping centers, major retailers, and other popular attractions. Daytona Beach has been named a Top 100 Best Place to Live by U.S. News & World Report, further strengthening the city’s appeal for renters.
Tomoka Village Phase I is officially open and expecting first move-ins this month. The development also includes plans for approximately seven acres of outparcel retail, which was sold to WMG in March 2024 and will include a Dutch Bros Coffee, Panda Express, Bojangles, and more.
Construction is expected to start this month and be completed in Winter 2026. Preleasing will start in Summer 2026, with first move-ins anticipated shortly thereafter.
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. Headquartered in Charleston, South Carolina, Greystar manages and operates over $300 billion of real estate in nearly 250 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. 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 nearly $78 billion of assets under management, including over $35 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.
Media Inquiries
Emma Mitchell
emma.mitchell@greystar.com