DALLAS, Sept. 20, 2022 (GLOBE NEWSWIRE) — Toll Brothers Condo Residing®, the rental subsidiary of Toll Brothers, Inc. (NYSE: TOL), the nation’s main builder of luxurious houses, broadcasts the groundbreaking of Whitlow, a brand new four-story, 420-unit luxurious mid-rise condominium group in Lewisville, Texas, totaling almost 600,000 sq. ft. Whitlow would be the agency’s eighth luxurious rental property to be developed within the vibrant Dallas-Fort Value market. Development is anticipated to be accomplished in early 2024.
Toll Brothers has as soon as once more partnered with The Davis Corporations to develop Whitlow. The corporations have beforehand partnered on seven different communities in a number of markets throughout the USA. The lender for the undertaking is Residents Financial institution and the financing was organized by Toll Brothers’ in-house Finance Division.
The latest groundbreaking celebration was attended by senior executives from Toll Brothers Condo Residing, Whitlow’s improvement companions, and Lewisville elected and appointed authorities officers.
“We’re excited to carry one other distinctive luxurious group to the Dallas-Fort Value market,” stated Charles Elliott, President of Toll Brothers Condo Residing. “Whitlow will probably be every part that discerning residents have come to anticipate from Toll Brothers Condo Residing on this dynamic space. With up to date residences, excellent facilities, devoted providers, and customized consideration, Whitlow will present a life-style that epitomizes Texas hospitality.”
Whitlow will characteristic 420 condominium residences and 588 parking areas. Situated at 501 East School Road in Lewisville, Whitlow will present residents with seamless connections to the charming historic district, the close by prairie preserves, Lewisville Lake, and the joy of Dallas simply south.
The up to date condominium houses at Whitlow will characteristic high-end luxurious finishes together with stainless-steel home equipment, luxurious wood-like flooring, high-end cabinetry, quartz counter tops, and good locks. Residents may even take pleasure in greater than 15,000 sq. ft of amenity space together with a clubhouse, recreation room, health heart, resort-style pool, out of doors lounge, pet park, and extra.
“Whitlow is exceptionally situated within the coronary heart of Outdated City Lewisville,” stated Tommy Rhodus, Texas Regional Director of Toll Brothers Condo Residing. “We’re excited to carry this subtle new group to the colourful Dallas-Fort Value market as we proceed to develop our presence throughout Texas and throughout the USA.”
“We’re happy to as soon as once more crew up with Davis Corporations as our companion in bringing this luxurious condominium today techs group to fruition,” stated Frederick N. Cooper, Senior Vice President of Finance and Investor Relations for Toll Brothers. “With our partnership’s mixed capital and improvement experience, in addition to financing from Residents Financial institution, we proceed to drive the expansion of our Toll Brothers Condo Residing enterprise in essentially the most capital-efficient method attainable.”
Whitlow represents the continued speedy growth of Toll Brothers Condo Residing’s footprint in Texas, with the agency presently poised to start building on almost 2,400 items throughout the state earlier than the tip of 2022.
For extra details about Whitlow go to LiveWhitlow.com.
About Toll Brothers Condo Residing®
Toll Brothers Condo Residing is the condominium improvement division of Toll Brothers, Inc. (NYSE: TOL), an award-winning FORTUNE 500 firm, and the nation’s main builder of luxurious houses. Toll Brothers Condo Residing brings the identical high quality, luxurious, and repair for which Toll Brothers is thought to its distinctive rental and mixed-use communities in choose markets, together with Atlanta, Boston, Dallas, Los Angeles, New York, Philadelphia, Phoenix, and Washington, DC. Toll Brothers Condo Residing communities mix the power of vibrant areas with unparalleled facilities, today techs resident providers, design, and the experience of America’s Luxurious Dwelling Builder®. In 2022, NMHC ranked Toll Brothers Condo Residing the eleventh largest condominium developer in the USA. Immediately, the agency has developed almost 8,500 items, has almost 4,500 items beneath administration, and controls a nationwide pipeline of greater than 20,500 items. For extra data go to today techs rel=”nofollow noopener” title=”TollBrothersApartmentLiving.com”>TollBrothersApartmentLiving.com.
About Toll Brothers
Toll Brothers, Inc., a FORTUNE 500 Firm, is the nation’s main builder of luxurious houses. The Firm was based 55 years in the past in 1967 and have become a public firm in 1986. Its widespread inventory is listed on the New York Inventory Trade beneath the image “TOL.” The Firm serves first-time, move-up, empty-nester, active-adult, today techs and second-home consumers, in addition to city and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, in addition to within the District of Columbia. The Firm operates its personal architectural, engineering, mortgage, title, land improvement, golf course improvement, good house know-how, and panorama subsidiaries. The Firm additionally operates its personal lumber distribution, home element meeting, and manufacturing operations.
Toll Brothers was named the World’s Most Admired Homebuilder in FORTUNE journal’s 2022 survey of the World’s Most Admired Corporations®, the seventh yr it has been today techs so honored. Toll Brothers has additionally been named Builder of the 12 months by Builder journal and is the primary two-time recipient of Builder of the 12 months from Skilled Builder journal. For extra data go to TollBrothers.com.
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