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Multifamily giant Greystar has started construction on Old Ivy Residences, a multifamily apartment and build-to-rent community in Albemarle County, Va. Its first units are slated for delivery in the second quarter of 2026.

The development’s multifamily component will feature 336 garden-style apartments. Homes will include one-, two- and three bedroom configurations.

Old Ivy Residences’ build-to-rent component will be a mix of 189 three-bedroom detached homes and townhomes. Fifteen percent of the residences are reserved for households earning less than 80 percent of Area Median Income.