The Latest Toll Brothers Venture Coming to Arizona

The Latest Toll Brothers Venture Coming to Arizona

In recent years, and even with the challenges of the pandemic, metro Phoenix and the Valley have experienced economic expansion, and employers continue to move into the area. The population is growing, and the need for a range of high-end community living options appears to be ever-present.? Recently, acclaimed national luxury builder Toll Brothers, Inc. and real estate investment firm Canyon Partners Real Estate have announced a joint venture to build a new Phoenix multifamily rental community. The FORTUNE 500 developer has a strong presence in the Phoenix luxury home market and has multiple projects underway. Here is more on the latest Toll Brothers venture to come to Arizona.

Haverly Phoenix

The Toll Brothers? new housing development Haverly, will be a 323-unit multifamily rental community. The five-story, midrise building, will have an eight-level parking structure. The development will be located on a 4-acre site at Central Avenue and Thomas Road in Midtown Phoenix. The new luxury housing community?s convenient location will offer residents light rail access to Downtown, Sky Harbor Airport, and Tempe. The apartment homes will be offered in various floor plan styles, including studio, one, and two-bedroom apartments. Residents will enjoy luxury amenities including a roof-deck, state of the art fitness center, resort-style pool, dog park, pet spa, electric car charging stations, resident clubroom, and community-wide WiFi.

In a recent press release, Charles Elliott, President of Toll Brothers Apartment Living, said, “Toll Brothers Apartment Living is excited to build our second multifamily community in the Phoenix market. Our student housing community, Canvas, opened for leasing in August, located near Arizona State University. Haverly will benefit from Toll Brothers? established for-sale brand presence in Phoenix and a strong employment base that the market offers.?

Fred Cooper, Toll Brothers’ Senior Vice President, Finance and Investor Relations, stated: “We look forward to working again with Canyon Partners to develop our first market-rate rental deal in Phoenix.? He also said, ?Toll Brothers has been building homes and developing for-sale communities in the metro Phoenix area for over twenty-five years. We are excited to have a prospective pipeline of future rental projects to complement our strong home building presence and a burgeoning single-family rental business in the area as well.?

Earlier this year, Toll Brothers purchased another multifamily development site in Phoenix. The 8.2-acre four-parcel at Central Avenue and Indian School Road is located along the Valley Metro Light Rail. The nationally acclaimed luxury developer has plans to build a 402-unit, four-story apartment complex at the site. According to reports, the new housing community will be called Callia. It will add to the two others for 499 units that Toll Brothers is developing in the area.

When navigating through a real estate issue in Arizona, it?s crucial that you have an experienced real estate attorney to protect your interests. Laura B. Bramnick is an experienced Arizona real estate attorney who can help you manage all aspects of your Arizona real estate matter. If you are seeking an exceptional, client-driven real estate lawyer in Phoenix and throughout the State

Previous Post
What is Happening with 1031 Exchanges and How Could it Impact Arizona Investors?
Next Post
How Will Online School Affect the Arizona Real Estate Market?
Menu