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Toll Brothers Campus Living® Opens The 87, a New Luxury Student Apartment Community in South Bend, Indiana

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Toll Brothers Campus Living®, a division of Toll Brothers, Inc. (NYSE: TOL), has opened The 87, a new luxury student apartment community in South Bend, Indiana. The off-campus community, located near the University of Notre Dame, Holy Cross College, and St. Mary's College, features 335 apartments and townhomes with 810 beds.

The 87 offers fully furnished residences with modern amenities, including smart TVs, private bathrooms, and stainless steel appliances. The community boasts various amenities such as tech-enabled study lounges, a fitness center, and outdoor spaces. Construction began in September 2022, with first occupancy in August 2024, financed by a $91 million loan from Centier Bank.

This project adds to Toll Brothers Campus Living's growing portfolio of student communities across the United States, emphasizing luxury design and proximity to prestigious universities.

Toll Brothers Campus Living®, una divisione di Toll Brothers, Inc. (NYSE: TOL), ha inaugurato The 87, una nuova comunità di appartamenti di lusso per studenti a South Bend, Indiana. Questa comunità al di fuori del campus, situata vicino alla University of Notre Dame, Holy Cross College e St. Mary's College, offre 335 appartamenti e case a schiera con 810 posti letto.

The 87 propone residenze completamente arredate con comfort moderni, tra cui TV smart, bagni privati e elettrodomestici in acciaio inossidabile. La comunità vanta vari servizi come sale studio tecnologicamente avanzate, una palestra e spazi all'aperto. I lavori di costruzione sono iniziati nel settembre 2022, con la prima occupazione prevista per agosto 2024, finanziati da un prestito di 91 milioni di dollari da Centier Bank.

Questo progetto si aggiunge al crescente portafoglio di comunità per studenti di Toll Brothers Campus Living negli Stati Uniti, enfatizzando il design di lusso e la vicinanza a università prestigiose.

Toll Brothers Campus Living®, una división de Toll Brothers, Inc. (NYSE: TOL), ha inaugurado The 87, una nueva comunidad de apartamentos de lujo para estudiantes en South Bend, Indiana. Esta comunidad fuera del campus, ubicada cerca de la University of Notre Dame, Holy Cross College y St. Mary's College, cuenta con 335 apartamentos y casas adosadas con 810 camas.

The 87 ofrece residencias completamente amuebladas con comodidades modernas, incluyendo televisores inteligentes, baños privados y electrodomésticos de acero inoxidable. La comunidad dispone de diversas instalaciones como salas de estudio habilitadas tecnológicamente, un gimnasio y espacios al aire libre. La construcción comenzó en septiembre de 2022, con la primera ocupación prevista para agosto de 2024, financiada por un préstamo de 91 millones de dólares de Centier Bank.

Este proyecto se suma al creciente portafolio de comunidades estudiantiles de Toll Brothers Campus Living en los Estados Unidos, enfatizando un diseño de lujo y la proximidad a universidades de prestigio.

Toll Brothers Campus Living®, Toll Brothers, Inc. (NYSE: TOL)의 한 부서가 South Bend, Indiana에 새로운 고급 학생 아파트 단지인 The 87을 개장했습니다. 이 캠퍼스 외부의 커뮤니티는 University of Notre Dame, Holy Cross College, St. Mary's College 근처에 위치하고 있으며, 335개의 아파트와 타운하우스, 810개의 침대를 갖추고 있습니다.

The 87은 스마트 TV, 전용 욕실, 스테인리스 스틸 가전제품 등 현대적인 편의 시설이 갖춘 완비된 주거지를 제공합니다. 이 커뮤니티는 기술 기반의 학습 라운지, 피트니스 센터, 야외 공간 등 다양한 편의 시설을 자랑합니다. 건설은 2022년 9월에 시작되어 2024년 8월에 첫 입주를 맞이할 예정이며, Centier Bank의 9,100만 달러 대출로 자금을 조달받습니다.

이 프로젝트는 Toll Brothers Campus Living이 미국 전역에 걸쳐 학생 커뮤니티 포트폴리오를 확장하는데 기여하며, 고급스러운 디자인과 저명한 대학과의 근접성을 강조합니다.

Toll Brothers Campus Living®, une division de Toll Brothers, Inc. (NYSE: TOL), a ouvert The 87, une nouvelle communauté d'appartements étudiants de luxe à South Bend, Indiana. Cette communauté hors campus, située près de la University of Notre Dame, Holy Cross College et St. Mary's College, comprend 335 appartements et maisons de ville avec 810 lits.

The 87 propose des résidences entièrement meublées avec des équipements modernes, y compris des téléviseurs intelligents, des salles de bains privées et des appareils en acier inoxydable. La communauté bénéficie de plusieurs services tels que des salons d'étude équipés de technologies, un centre de remise en forme et des espaces extérieurs. La construction a commencé en septembre 2022, avec une première occupation prévue en août 2024, financée par un prêt de 91 millions de dollars de Centier Bank.

Ce projet s'ajoute au portefeuille croissant de communautés étudiantes de Toll Brothers Campus Living à travers les États-Unis, mettant en avant un design de luxe et la proximité d'universités prestigieuses.

Toll Brothers Campus Living®, eine Abteilung von Toll Brothers, Inc. (NYSE: TOL), hat The 87 eröffnet, eine neue luxuriöse Studentenwohnanlage in South Bend, Indiana. Die außerhalb des Campus gelegene Gemeinde, die sich in der Nähe der University of Notre Dame, Holy Cross College und St. Mary's College befindet, bietet 335 Apartments und Stadthäuser mit 810 Betten.

The 87 bietet voll möblierte Wohnungen mit modernen Annehmlichkeiten, darunter Smart-TVs, private Badezimmer und Edelstahlgeräte. Die Gemeinde verfügt über verschiedene Einrichtungen wie technologisch unterstützte Studienlounges, ein Fitnesscenter und Außenbereiche. Der Bau begann im September 2022, mit der ersten Belegung im August 2024, finanziert durch ein Darlehen von 91 Millionen Dollar der Centier Bank.

Dieses Projekt erweitert das wachsende Portfolio von Toll Brothers Campus Living für Studenten wohnanlagen in den Vereinigten Staaten und betont luxoriöses Design sowie die Nähe zu renommierten Universitäten.

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The new off-campus community near the University of Notre Dame features 335 apartments and townhomes

SOUTH BEND, Ind., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Toll Brothers Campus Living®, a division of Toll Brothers, Inc. (NYSE: TOL), the nation’s leading builder of luxury homes, and joint venture partner HSRE, announce the opening of The 87 in South Bend, Indiana. The 87 is a new off-campus apartment community, featuring 335 apartments and townhomes with 810 beds. The community is located near the campuses of the University of Notre Dame, Holy Cross College, and St. Mary’s College and was financed with a $91 million construction loan from Centier Bank. Construction commenced in September 2022 and first occupancy began in August 2024.

The 87 by Toll Brothers Campus Living

“The 87 offers today’s students a living experience that blends upscale design, luxury amenities, and modern conveniences,” said Richard Keyser, Vice President of Acquisitions and Development for Toll Brothers Campus Living. “We’re delighted to open The 87, which represents our continued commitment to developing student communities that combine the flexibility of off-campus living with proximity to campus life at growing and prestigious colleges and universities.”

Designed by KTGY, The 87 features a mix of studio through four-bedroom apartments, along with townhomes. Each residence is fully furnished with modern furniture, 55” smart TVs, and en-suite private bathrooms for every bedroom. The upscale features include stainless steel appliances, in-residence washers and dryers, modern cabinetry, quartz countertops, and keyless entry. Select residences also feature oversized closets and kitchen islands. Garage parking is also available.

The 87 by Toll Brothers Campus Living

Rooted in tradition but dedicated to engaging today’s forward-thinking students, The 87’s amenities are designed to nurture academic success and foster connections. Students can work in tech-enabled study lounges with private seating options, meet with friends at the social lounge and coffee bar, and flex their creative muscles in the content creation studio. Sports enthusiasts can catch a game in the All Pro Lounge, with four large-screen TVs, and then hone their skills in the golf and sports simulator. The 2,300 square-foot double-height fitness center features strength and cardio equipment. Outside, residents can enjoy multiple courtyards with grills, fire pits, yard games, and hammocks. The community honors the legacy of the nearby University of Notre Dame by incorporating vintage photos and memorabilia throughout the interiors.

The 87 by Toll Brothers Campus Living

“Toll Brothers Campus Living brings the signature quality of design, luxury, and service that Toll Brothers is known for to modern student communities,” said John McCullough, President of Toll Brothers Apartment Living, the multifamily division of Toll Brothers which oversees its Campus Living division. “The 87 brings an elevated approach to student life to South Bend, supporting a well-rounded collegiate lifestyle with the spaces and amenities needed to thrive socially and academically.”

The 87 adds to Toll Brothers Campus Living’s growing portfolio, which includes The Yards at Old State at The Pennsylvania State University, Lapis at Florida International University, and Kinetic at the Georgia Institute of Technology. In addition, the company previously developed Canvas at Arizona State University, which sold in 2023, and Terrapin Row at the University of Maryland, which sold in 2017. For more information about The 87, visit Livethe87.com.

ABOUT TOLL BROTHERS CAMPUS LIVING®

Toll Brothers Campus Living is the student housing development division of Toll Brothers, Inc., the nation's leading builder of luxury homes. Toll Brothers Campus Living brings the same quality, luxury, and service for which Toll Brothers is known to its exceptional student housing communities in select markets. Toll Brothers Campus Living communities combine the energy of collegiate locations with student-centric services, amenities, and the expertise of America’s Luxury Home Builder® to fit the needs and lifestyle of today’s students to live, thrive, and connect. Toll Brothers Campus Living has developed nearly 2,000 units and more than 6,000 beds nationwide, with nearly 700 additional beds in its development pipeline. For more information visit tollbrothersapartmentliving.com/campus-living.

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, insurance, 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

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/1608242c-ad3d-42bf-b3c2-9e6bd0106487

https://www.globenewswire.com/NewsRoom/AttachmentNg/58e192cc-3ab4-437e-8da7-ae1184c1b213

https://www.globenewswire.com/NewsRoom/AttachmentNg/f406d25c-20ed-4aa1-9791-65c5d5c824ad

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


FAQ

What is The 87 and where is it located?

The 87 is a new luxury student apartment community developed by Toll Brothers Campus Living® in South Bend, Indiana, near the University of Notre Dame, Holy Cross College, and St. Mary's College.

How many apartments and beds does The 87 offer?

The 87 features 335 apartments and townhomes with a total of 810 beds for students.

When did construction of The 87 begin and when did it open?

Construction of The 87 began in September 2022, and the first occupancy started in August 2024.

What amenities are available at The 87?

The 87 offers amenities such as tech-enabled study lounges, a social lounge with coffee bar, content creation studio, All Pro Lounge with TVs, golf and sports simulator, fitness center, and outdoor spaces with grills and fire pits.

How was The 87 project financed?

The 87 was financed with a $91 million construction loan from Centier Bank.

What other student housing projects has Toll Brothers Campus Living® (TOL) developed?

Toll Brothers Campus Living® has developed projects including The Yards at Old State (Penn State), Lapis (Florida International University), Kinetic (Georgia Tech), Canvas (Arizona State University, sold in 2023), and Terrapin Row (University of Maryland, sold in 2017).

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