Greystar Acquires 21.4 Acres in Stuart for $14.5M

Jeremiah Baron has successfully completed the sale of a 21.4-acre multifamily development site located along S Kanner Highway in Stuart to Greystar, a globally recognized leader in investment management, development, and property management. The transaction closed on March 25, 2026, for a total consideration of $14.5 million.

The sale represents a significant milestone in the evolution of a larger 24.44-acre assemblage originally acquired by Baron in December 2021 for $8.8 million. Since acquisition, the property has been thoughtfully planned as a dynamic mixed-use development aimed at enhancing the surrounding retail corridor and meeting the growing residential demand in the area.

Baron’s vision for the site includes the development of Baron Landings, a vibrant retail plaza fronting S Kanner Highway, complemented by a substantial multifamily community. Plans for the commercial component are already underway and feature three retail buildings, including a freestanding Starbucks with drive-thru, a second building designed to accommodate two tenants with drive-thru capabilities, and a multi-tenant building curated for a mix of retail-oriented and dining establishments.

The remaining acreage secured by Greystar will be developed into a ±300-unit multifamily community branded as The Sanderling. The project is expected to bring high-quality residential offerings to Stuart, further supporting the region’s continued growth and demand for modern housing options.

“This transaction underscores the strength of the Stuart market and validates the long-term vision for this corridor,” said Baron. “We are excited to see Greystar bring The Sanderling to life while we continue advancing Baron Landings, creating a well-balanced, amenity-rich destination.”

Greystar’s acquisition marks a strategic expansion within South Florida, reinforcing its commitment to delivering best-in-class residential communities in high-growth markets.

The combined development is primed to become a key destination along S Kanner Highway, with Baron Landings serving as the commercial anchor alongside a thoughtfully designed residential community.

About Jeremiah Baron Companies
Jeremiah Baron Companies is a real estate investment and development firm focused on acquiring, repositioning, and developing high-quality commercial and residential properties across strategic markets.

About Greystar
Greystar is a global leader in the investment, development, and management of rental housing properties, with a strong presence across the United States and internationally.