Toll Brothers Announces New Luxury Home Community Coming Soon to Popular West Midtown in Atlanta

Rhea-AI Summary

Toll Brothers (NYSE: TOL) has announced a new luxury home community, 568 West, in Atlanta's West Midtown. This upcoming development will feature 34 four-story townhomes, each with private rooftop terraces and two-car garages, starting from the mid-$700,000s. The homes will offer over 2,538 square feet of living space and high-quality craftsmanship. Sales will begin in summer 2024. Residents will benefit from close proximity to shopping, dining, entertainment, and major highways. Other Toll Brothers communities in Atlanta include Beckham Place at Morningside and Eloise at Grant Park.

Positive

• Announcement of a new community, 568 West, in the desirable West Midtown area of Atlanta.
• 34 new four-story townhomes with private rooftop terraces and two-car garages.
• Homes starting from the mid-$700,000s offering over 2,538 square feet of luxury living space.
• Proximity to major shopping, dining, arts, entertainment, and recreational destinations.
• Easy access to major highways (Interstates 75, 85, and Georgia Route 400) and Hartsfield-Jackson Atlanta International Airport.
• Additional Toll Brothers communities in the Atlanta area, indicating strong market presence.

Negative

• High price point starting from the mid-$700,000s may limit the market to high-income buyers.
• Potential economic downturns could affect the luxury housing market and sales projections.
• number of units (34 townhomes) may not significantly impact overall revenue.

ATLANTA, June 06, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE: TOL), the nation’s leading builder of luxury homes, today announced its newest community, 568 West, is coming soon to Atlanta’s desirable West Midtown neighborhood. This highly anticipated community will be located at 568 Trabert Avenue in Atlanta, Georgia, and will open for sale in summer 2024.

568 West will offer a collection of 34 new 4-story townhomes with private rooftop terraces and 2-car garages. Home buyers will be able to choose from two exquisite home designs with 2,538+ square feet of luxury living space, each built with the outstanding quality, craftsmanship, and value for which Toll Brothers is known. Homes will be priced from the mid-$700,000s.

“Our newest luxury Toll Brothers townhome community is located in a vibrant urban location in the heart of West Midtown with easy access to the best of Atlanta's shopping, dining, and entertainment nearby,” said Eric White, Division President of Toll Brothers in Atlanta. “Our homeowners at 568 West will live and entertain in luxury with thoughtfully designed floor plans and sought-after private rooftop terraces.”

Home buyers will enjoy proximity to nearby shopping, dining, arts and entertainment. Recreational destinations, including Westside Reservoir Park, Westside Provisions, Atlantic Station are also close to 568 West. Nearby Mercedes-Benz Stadium hosts live concerts, Atlanta Falcons games, and Atlanta United FC games. Major highways including Interstates 75 and 85 and Georgia Route 400 are easily accessible from 568 West, and Hartsfield-Jackson Atlanta International Airport is only 15 miles away.

Additional Toll Brothers new home communities in the Atlanta area include Beckham Place at Morningside, Eloise at Grant Park, Nolyn Pointe, Park 108, and New Talley Station.

For more information, call 888-686-5542 or visit TollBrothers.com/Georgia.

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, Illinois, 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 and 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. 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/074ddba3-5833-4548-8339-8a90637e39ac

Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)

FAQ

What is the new Toll Brothers community in Atlanta?

The new community is called 568 West, located in West Midtown, Atlanta.

When will the 568 West homes be available for sale?

The homes will be available for sale starting in summer 2024.

What is the price range for the 568 West townhomes?

The townhomes will start from the mid-$700,000s.

How many homes will be available in the 568 West community?

There will be 34 new four-story townhomes available.

What features will the 568 West townhomes include?

The townhomes will feature private rooftop terraces and two-car garages.

What is the size of the 568 West townhomes?

Each townhome will offer over 2,538 square feet of living space.

Where is the 568 West community located?

The community is located at 568 Trabert Avenue in West Midtown, Atlanta.

What amenities are close to the 568 West community?

The community is close to shopping, dining, arts, entertainment, Westside Reservoir Park, and major highways.

What other Toll Brothers communities are in Atlanta?

Other Toll Brothers communities in Atlanta include Beckham Place at Morningside and Eloise at Grant Park.