Toll Brothers Announces New Condominium Community Now Open in Sunnyvale, California
Rhea-AI Summary
Toll Brothers (NYSE:TOL) has announced the opening of Vantage at The Station, a new luxury condominium community in Sunnyvale, California. Located in the heart of Silicon Valley, the community offers 1 to 3 bedroom units ranging from 976 to 2,685+ square feet. Pricing starts at $929,995.
The community boasts numerous amenities, including a pool, club rooms, co-work mezzanine, fitness center, and more. It's situated near major tech employers and the Caltrain Station, with easy access to upscale shopping, dining, and recreational options. Children may attend highly ranked local schools.
Home buyers can personalize their homes at the Toll Brothers Design Studio with the help of professional Design Consultants. For more information, interested parties can call (844) 790-5263 or visit TollBrothers.com/CA.
Positive
- Launch of new luxury condominium community in prime Silicon Valley location
- Variety of unit sizes (976 to 2,685+ sq ft) catering to different buyer needs
- Extensive amenities including pool, fitness center, and co-working spaces
- Proximity to major tech employers and public transportation
- Access to highly-ranked schools, potentially increasing property value
Negative
- High starting price of $929,995 may limit the potential buyer pool
Insights
The launch of Vantage at The Station in Sunnyvale represents a strategic move by Toll Brothers to capitalize on the high-demand Silicon Valley housing market. With a starting price of
The community's extensive amenities package, including co-working spaces and tech-friendly features, is tailored to attract young, affluent professionals. This could potentially lead to strong initial sales and price appreciation. However, the high entry point may limit the buyer pool, especially if tech sector layoffs continue or if remote work trends persist.
Investors should note that while this project showcases Toll Brothers' ability to adapt to local market demands, it also exposes the company to the volatility of the tech-driven real estate market in Silicon Valley. The success of this development could serve as a bellwether for Toll Brothers' performance in high-cost, urban markets.
This new development aligns with Toll Brothers' strategy to expand its presence in affluent, high-growth markets. The Silicon Valley location positions the company to tap into the region's wealth concentration, potentially driving higher margins compared to their national average.
With a starting price point of
Investors should monitor the absorption rate and price trends of this development as indicators of Toll Brothers' success in the competitive California market. Strong performance here could signal growth opportunities in similar high-value urban markets, potentially impacting future revenue projections and stock valuation positively.
SUNNYVALE, Calif., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced Vantage at The Station is now open for sale in Sunnyvale, California. Located in the heart of Silicon Valley near tech employers and the Caltrain Station, this amenity-rich community offers condominiums with 1 to 3 bedrooms and 976 to 2,685+ square feet of luxury living space. The Toll Brothers Sales Center is now open at 1155 Aster Avenue in Sunnyvale.
Vantage at The Station features innovative one- and two-story home designs with stunning architecture and elegant finishes. The community will offer an array of amenities, including a pool, two club rooms, co-work mezzanine, entertainment lounge, dog wash, fitness center, courtyard, children’s playground, dog park, and dynamic walking paths that allow for easy access throughout the community. Home pricing begins at
“Offering luxury condos with exceptional designs and a prime location, our new community, Vantage at The Station, provides our Toll Brothers homeowners with the best in modern living,” said Alli Sweeney, Division President of Toll Brothers in Northern California. “Residents will enjoy a resort-style community with unparalleled amenities in the heart of Silicon Valley.”
Children living in The Station may attend the highly ranked Ellis Elementary, Sunnyvale Middle School, and Fremont High School, as well as local, highly sought-after private schools. The community is centrally located with easy access to transit and proximity to major Sunnyvale employers. Upscale shopping and dining opportunities, local farmers markets, parks, and recreational options are also nearby.
Home buyers will experience one-stop shopping at the Toll Brothers Design Studio. The state-of-the-art Design Studio allows home buyers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers professional Design Consultants.
For more information on Vantage at The Station, prospective home buyers are invited to call (844) 790-5263 or visit TollBrothers.com/CA.
About Toll Brothers
Toll Brothers, Inc., a Fortune 500 Company, is the nation’s leading builder of luxury homes. The Company was founded 57 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol “TOL.” The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, smart home technology, and landscape subsidiaries. The Company also develops master-planned and golf course communities as well as operates its own lumber distribution, house component assembly, and manufacturing operations.
In 2024, Toll Brothers marked 10 years in a row being named to the Fortune World’s Most Admired Companies™ list and the Company’s Chairman and CEO Douglas C. Yearley, Jr. was named one of 25 Top CEOs by Barron’s magazine. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit TollBrothers.com.
From Fortune, ©2024 Fortune Media IP Limited. All rights reserved. Used under license.
Contact: Andrea Meck | Toll Brothers, Director, Public Relations & Social Media | 215-938-8169 | ameck@tollbrothers.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9c36a897-f416-4d5d-98ca-0a309dc477a3
Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)
FAQ
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