STOCK TITAN

Toll Brothers New Luxury Home Community Coming Soon to the River District in Charlotte, North Carolina

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags

Toll Brothers (NYSE:TOL) has announced its newest luxury home community, Toll Brothers at the River District, coming to Charlotte, North Carolina. The development will feature 63 luxury three-story townhomes starting from the $500,000s, offering two home designs with 3 to 4 bedrooms and up to 2,280 square feet.

Construction of the Sales Center and model homes will begin in spring 2025, with sales launching in summer. The community is part of the 1,400-acre River District master-planned development along the Catawba River. Future amenities include multiple pools, clubhouse, dog park, playground, farmers market, walking and biking trails, and river access.

The location provides easy access to Interstate 485 and Highways 74 and 160, connecting residents to Uptown Charlotte and the airport.

Toll Brothers (NYSE:TOL) ha annunciato la sua nuova comunità di case di lusso, Toll Brothers at the River District, che sorgerà a Charlotte, Carolina del Nord. Il progetto prevederà 63 lussuose case a schiera di tre piani a partire da 500.000 dollari, offrendo due design abitativi con 3 o 4 camere da letto e fino a 2.280 piedi quadrati.

La costruzione del Centro Vendite e delle case modello inizierà nella primavera del 2025, con l'apertura delle vendite prevista per l'estate. La comunità fa parte dello sviluppo pianificato del River District, che si estende su 1.400 acri lungo il fiume Catawba. Le future strutture includeranno diverse piscine, un clubhouse, un parco per cani, un'area giochi, un mercato degli agricoltori, percorsi pedonali e ciclabili e accesso al fiume.

La posizione offre un facile accesso all'Interstate 485 e alle autostrade 74 e 160, collegando i residenti a Uptown Charlotte e all'aeroporto.

Toll Brothers (NYSE:TOL) ha anunciado su nueva comunidad de casas de lujo, Toll Brothers at the River District, que llegará a Charlotte, Carolina del Norte. El desarrollo contará con 63 casas adosadas de lujo de tres pisos a partir de 500,000 dólares, ofreciendo dos diseños de viviendas con 3 a 4 dormitorios y hasta 2,280 pies cuadrados.

La construcción del Centro de Ventas y de las casas modelo comenzará en la primavera de 2025, con el lanzamiento de ventas en verano. La comunidad es parte del desarrollo planificado del River District de 1,400 acres a lo largo del río Catawba. Las futuras comodidades incluirán varias piscinas, una casa club, un parque para perros, un área de juegos, un mercado de agricultores, senderos para caminar y andar en bicicleta y acceso al río.

La ubicación ofrece fácil acceso a la Interstate 485 y a las carreteras 74 y 160, conectando a los residentes con Uptown Charlotte y el aeropuerto.

Toll Brothers (NYSE:TOL)는 북캐롤라이나주 샬롯에 새로이 럭셔리 주택 커뮤니티인 Toll Brothers at the River District를 발표했습니다. 이 개발 프로젝트는 63개의 3층 럭셔리 타운홈을 포함하며 가격은 500,000달러부터 시작하며, 3~4개의 침실과 최대 2,280 제곱피트의 두 가지 주택 디자인을 제공합니다.

샐즈 센터와 모델 하우스의 건설은 2025년 봄에 시작될 예정이며, 여름에 판매가 시작됩니다. 이 커뮤니티는 카타바 강을 따라 1,400에이커의 리버 디스트릭트 마스터 플랜 개발의 일환입니다. 향후 편의시설로는 여러 개의 수영장, 클럽하우스, 개 공원, 놀이터, 농산물 시장, 산책 및 자전거 도로, 강 접근이 포함됩니다.

위치는 인터스테이트 485와 고속도로 74 및 160에 쉽게 접근할 수 있어 주민들이 업타운 샬롯과 공항으로 연결될 수 있습니다.

Toll Brothers (NYSE:TOL) a annoncé sa nouvelle communauté de maisons de luxe, Toll Brothers at the River District, qui sera située à Charlotte, en Caroline du Nord. Le développement comportera 63 maisons de ville de luxe de trois étages à partir de 500 000 dollars, offrant deux conceptions de maison avec 3 à 4 chambres et jusqu'à 2 280 pieds carrés.

La construction du Centre de Ventes et des maisons modèles commencera au printemps 2025, avec un lancement des ventes prévu pour l'été. La communauté fait partie d'un développement planifié de 1 400 acres le long de la rivière Catawba. Les futures commodités comprendront plusieurs piscines, un clubhouse, un parc pour chiens, une aire de jeux, un marché de producteurs, des sentiers de randonnée et de vélo, ainsi qu'un accès à la rivière.

La localisation offre un accès facile à l'Interstate 485 et aux routes 74 et 160, reliant les résidents au centre-ville de Charlotte et à l'aéroport.

Toll Brothers (NYSE:TOL) hat seine neueste Luxushausgemeinschaft, Toll Brothers at the River District, in Charlotte, North Carolina, angekündigt. Die Entwicklung wird 63 luxuriöse dreistöckige Stadthäuser ab 500.000 Dollar umfassen, die zwei Wohnungsdesigns mit 3 bis 4 Schlafzimmern und bis zu 2.280 Quadratfuß bieten.

Die Bauarbeiten für das Verkaufszentrum und die Musterhäuser beginnen im Frühling 2025, die Verkaufsstarts sind im Sommer geplant. Die Gemeinschaft ist Teil der 1.400 Hektar umfassenden Planung des River District am Catawba River. Zukünftige Annehmlichkeiten umfassen mehrere Pools, ein Clubhaus, einen Hundepark, einen Spielplatz, einen Bauernmarkt, Geh- und Radwege sowie Zugang zum Fluss.

Die Lage bietet einen einfachen Zugang zur Interstate 485 sowie zu den Autobahnen 74 und 160, die die Bewohner mit Uptown Charlotte und dem Flughafen verbinden.

Positive
  • Expansion into high-growth Charlotte market with 63 new luxury townhomes
  • Premium pricing starting from $500,000s indicates strong margin potential
  • Strategic location within large 1,400-acre master-planned community
  • Comprehensive amenities package enhancing property value proposition
Negative
  • Construction not starting until spring 2025, delaying revenue generation
  • product diversity with only two home designs available

Insights

This new development project in Charlotte's River District, while part of Toll Brothers' ongoing expansion, represents a relatively routine operational update. The 63 townhomes project, priced from the $500,000s, is too small to materially impact TOL's financial performance given their $13B market cap and extensive nationwide operations. While the River District is a promising location, this specific announcement lacks immediate financial significance or market-moving potential. The timeline for sales starting in summer 2025 and construction beginning in spring puts any revenue impact well into the future. The development aligns with TOL's standard luxury segment strategy but doesn't introduce any innovative elements or represent a significant strategic shift.

CHARLOTTE, N.C., Jan. 14, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest community, Toll Brothers at the River District, is coming soon to the highly anticipated master-planned River District located next to the Catawba River in Charlotte, North Carolina. Construction of the Toll Brothers Sales Center and model homes is set to begin in the spring of 2025 and sales will start this summer.

Toll Brothers at the River District will include 63 new luxury three-story townhomes, priced from the $500,000s. Home buyers will be able to choose from two exquisite home designs with 3 to 4 bedrooms and up to 2,280 square feet, each built with the outstanding quality, craftsmanship, and value for which Toll Brothers is known.

Toll Brothers at The River District

“We are excited to launch this new chapter in modern living at the River District,” said Ryan Switzer, Division President of Toll Brothers in Charlotte. “Our stunning townhome community is perfectly situated next to the Catawba River with easy access to uptown, so buyers can create their dream home and experience a lifestyle where convenience meets nature in this vibrant master-planned community.”

Located within the 1,400-acre River District master-planned community, Toll Brothers residents will enjoy a wealth of amenities and miles of scenic trails along the beautiful Catawba River. Future onsite amenities include multiple pools, a clubhouse, dog park, playground, farmers market, walking and biking trails, access to the Catawba River, and more. They will also enjoy being within close proximity to nearby shopping, dining, and everyday conveniences.

Major highways including Interstate 485 and Highways 74 and 160 are easily accessible from Toll Brothers at The River District, offering convenient access to the airport and Uptown Charlotte just minutes away.

For more information on Toll Brothers at the River District, call (866) 232-1719 or visit TollBrothers.com/Charlotte.

About Toll Brothers 
Toll Brothers, Inc., a Fortune 500 Company, is the nation’s leading builder of luxury homes. The Company was founded 58 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, Senior 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/015311bd-6971-4c3a-bbbe-f0fc9571c593

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


FAQ

When will Toll Brothers (TOL) begin sales at the River District in Charlotte?

Toll Brothers will begin sales at the River District community in summer 2025.

How many townhomes will TOL build in the Charlotte River District project?

Toll Brothers will build 63 luxury three-story townhomes in the River District community.

What is the starting price for TOL's River District townhomes in Charlotte?

The townhomes at Toll Brothers at the River District will be priced from the $500,000s.

What is the square footage of TOL's River District townhomes in Charlotte?

The townhomes will offer up to 2,280 square feet of living space.

What amenities will be available at TOL's River District community?

The community will feature multiple pools, a clubhouse, dog park, playground, farmers market, walking and biking trails, and access to the Catawba River.

Toll Brothers, Inc.

NYSE:TOL

TOL Rankings

TOL Latest News

TOL Stock Data

13.73B
99.37M
0.61%
90.22%
2.56%
Residential Construction
Operative Builders
Link
United States of America
FORT WASHINGTON