Greystar Closes and Breaks Ground on 720 Vandenburg
Press Release
November 2, 2026
Philadelphia, PA – November 2, 2026 – Greystar, a global leader in rental housing, investment management, development, and property management, announced today the closing and groundbreaking of 720 Vandenburg in King of Prussia, Pennsylvania, the team’s first self-perform wood-frame construction project in the Philadelphia region.
The 6.85-acre development site is located on Vandenburg Road in King of Prussia, Pennsylvania, just miles from Philadelphia’s City Center. 720 Vandenburg provides connectivity to the Main Line and key employment centers throughout Montgomery and Chester counties. Residents will also benefit from proximity to the 2.9 million-square-foot King of Prussia Mall and the adjacent King of Prussia Town Center, offering an extensive selection of retail, dining and entertainment options.
“We are excited to break ground on 720 Vandenburg, Greystar’s fourth development in the Philadelphia region this year,” said George Hayward, Managing Director for Development at Greystar. “With its proximity to major employment centers, retail and entertainment destinations, the community is well positioned to meet demand for high-quality rental housing while offering residents the convenience and amenities that define modern suburban living.”
720 Vandenburg will be a 205-unit, five-story building with a mix of one-, two-, and three-bedroom residences. The development will also include a clubhouse, co-working space, fitness area, a resort-style pool with a grilling area, and a rooftop deck.
Construction is underway and completion is expected in the Fall of 2028.
About Greystar
Greystar is a leading, fully integrated global real estate platform 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 265 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, managing more than one million units/beds globally. Across its platforms, Greystar has over $79 billion of assets under management, including over $35 billion of development assets and approximately $36.5 billion of regulatory assets under management. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business.
Media Inquiry
Bailey Zaunbrecher
Bailey.zaunbrecher@greystar.com
The 6.85-acre development site is located on Vandenburg Road in King of Prussia, Pennsylvania, just miles from Philadelphia’s City Center. 720 Vandenburg provides connectivity to the Main Line and key employment centers throughout Montgomery and Chester counties. Residents will also benefit from proximity to the 2.9 million-square-foot King of Prussia Mall and the adjacent King of Prussia Town Center, offering an extensive selection of retail, dining and entertainment options.
“We are excited to break ground on 720 Vandenburg, Greystar’s fourth development in the Philadelphia region this year,” said George Hayward, Managing Director for Development at Greystar. “With its proximity to major employment centers, retail and entertainment destinations, the community is well positioned to meet demand for high-quality rental housing while offering residents the convenience and amenities that define modern suburban living.”
720 Vandenburg will be a 205-unit, five-story building with a mix of one-, two-, and three-bedroom residences. The development will also include a clubhouse, co-working space, fitness area, a resort-style pool with a grilling area, and a rooftop deck.
Construction is underway and completion is expected in the Fall of 2028.
About Greystar
Greystar is a leading, fully integrated global real estate platform 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 265 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, managing more than one million units/beds globally. Across its platforms, Greystar has over $79 billion of assets under management, including over $35 billion of development assets and approximately $36.5 billion of regulatory assets under management. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business.
Media Inquiry
Bailey Zaunbrecher
Bailey.zaunbrecher@greystar.com