Toll Brothers Apartment Living, the rental division of Toll
Brothers, Inc. (NYSE: TOL), the nation's leading builder of luxury
homes, in partnership with Equity Residential, is pleased to
announce the opening of Lyle. Located at 17727 Addison Road in
Dallas, Texas, this new community features 334 apartment residences
and an immersive collection of amenities and offers convenient
access to exciting destinations in Dallas and beyond. Lyle’s
construction, financed by a $55.6 million construction loan from
Santander Bank, N.A., commenced in 2022.
Lyle’s apartment homes were crafted to create a serene, chic
retreat and include a mix of spacious studio, one-, two-, and
three-bedroom floor plans. The residences are replete with
sophisticated features and finishes, including kitchens with quartz
countertops and tile backsplashes, modern flat panel cabinetry, and
hardwood-style flooring in the living areas. Residents will find
homes designed to exceed their expectations, with features
including custom roller shade window treatments and oversized
closets with built-in storage and shelving. In addition, each
apartment home is outfitted with smart home technology, including
keyless entry and smart thermostats. Select residences also include
private balconies, terraces, or fenced-in yards.
Lyle’s upscale amenities include options for both social
gatherings and individual pursuits. Outdoor spaces include a luxury
resort-style pool with sundeck and a courtyard with lounge seating,
ping pong, and lawn games. The sky lounge with connecting outdoor
terrace offers an entertainment kitchen, lounge seating, and
expansive city views. Residents can support their active lifestyles
with Lyle’s fitness center, with state-of-the-art strength and
cardio equipment as well as flex studios. An immersive coworking
lounge, featuring a Starbucks Serenade coffee bar, provides
residents with both private options as well as conference room
space. The community was constructed to meet LEED Gold
certification standards, and the parking garage includes EV
charging stations.
“We are thrilled to open our newest luxury community in Dallas
with Equity Residential,” said John McCullough, President of Toll
Brothers Apartment Living. “The Dallas market continues to be a hub
for tremendous growth, and Lyle represents our continued commitment
to delivering first-class multifamily communities in highly
desirable locations.”
Striking a balance between urban and suburban, Lyle is perfectly
positioned with easy accessibility to the Dallas North Tollway.
Residents can explore the diverse dining, shopping, and
entertainment options of North Dallas, while only a short drive to
the best of both downtown and the surrounding area. Lyle is located
in the highly rated Plano Independent School District and boasts a
WalkScore® of 71.
“Lyle’s sophisticated design offers an elevated living
experience to residents, and its premier location affords easy
access to both the lifestyle destinations as well as the major
employment centers of Dallas and beyond,” said Tommy Rhodus,
Managing Director of Toll Brothers Apartment Living in the Central
region.
Lyle is one of three new communities opening in Texas this year
as part of a strategic development partnership between Toll
Brothers Apartment Living and Equity Residential. For more
information about Lyle, visit LyleAddison.com.
ABOUT TOLL BROTHERS APARTMENT LIVINGToll
Brothers Apartment Living is the apartment development division of
Toll Brothers, Inc. (NYSE: TOL), an award-winning Fortune 500
company, and the nation's leading builder of luxury homes. Toll
Brothers Apartment Living brings the same quality, luxury, and
service for which Toll Brothers is known to its exceptional rental
and mixed-use communities in select markets, including Atlanta,
Boston, Dallas, Los Angeles, New York, Philadelphia, Phoenix, and
Washington, DC. Toll Brothers Apartment Living communities combine
the energy of vibrant locations with unparalleled amenities,
resident services, and the design and expertise of America’s Luxury
Home Builder®. In 2024, Toll Brothers Apartment Living was named to
the National Multifamily Housing Council’s Top 25 Largest
Developers list, the fifth year it has been so recognized. The firm
has completed over 10,000 units nationally, with more than 18,000
units in production.
For more information visit TollBrothersApartmentLiving.com.
ABOUT TOLL BROTHERSToll 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, 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. 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/11c3cb9e-c800-4418-99f4-c67063d03daa
https://www.globenewswire.com/NewsRoom/AttachmentNg/0cd0e79e-57b4-4a3c-8fc5-c20d8e0f31e7
https://www.globenewswire.com/NewsRoom/AttachmentNg/2f73a05b-9a0d-49e6-a9d2-4ca6a9ac9a19
Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)
Toll Brothers (NYSE:TOL)
Historical Stock Chart
From Aug 2024 to Sep 2024
Toll Brothers (NYSE:TOL)
Historical Stock Chart
From Sep 2023 to Sep 2024