Toll Brothers Apartment Living, the rental division of Toll
Brothers, Inc. (NYSE: TOL), the nation's leading builder of luxury
homes, today announced the signing of Gold’s Gym as its first
retail tenant at Vermeer, a luxury mixed-use multifamily community
located at 113 Potomac Ave SW in Washington, D.C. Anticipated to
open this winter, the community will feature 501 apartment
residences, upscale amenities, expansive rooftop views, and
approximately 37,000 square feet of ground-floor retail space.
Founded in 1965, Gold’s Gym is an international chain of fitness
centers offering state-of-the-art strength and cardio training,
exercise classes, and personal training. The location at Vermeer
will offer over 3,000 square feet of turf with extensive functional
training equipment, nationally certified personal trainers, a wide
variety of strength and cardio training equipment including 10
lifting platforms, Therabody recovery products, and luxury locker
rooms with infrared saunas. In addition, Gold’s Gym will feature
exclusive equipment from Gym80, a premier German manufacturer of
strength training equipment. The new location is part of Gold’s Gym
– DC Metro, a locally owned and operated franchise group serving
Washington, D.C., Maryland, and Virginia. Slated to open in early
2025, it will be the group’s 22nd location overall, and sixth in
Washington, D.C. The deal was brokered by Jared Meier and Taylor
Hayes of CBRE and Edwin M. Clark, III, of Newmark Group, and the
project’s joint venture partner, CrossHarbor Capital Partners, was
integral to the process.
“We are excited to welcome Gold’s Gym as our first retail
partner at Vermeer, which will be an anchor for the dynamic
street-level experience we envision along Potomac Avenue,” said
Michael Skena, Managing Director of Toll Brothers Apartment Living
in the Mid-Atlantic region. “Toll Brothers Apartment Living is
committed to best-in-class retail partnerships that help to create
communities at the intersection of home and life. We look forward
to working with Gold’s Gym – DC Metro to create a fitness
destination for all residents of the Buzzard Point and greater
Capitol Riverfront neighborhoods.”
Vermeer will provide its residents and the surrounding
neighborhood with a diverse mix of retailers to strengthen the
offerings of this rapidly developing area. Its prime location is at
the intersection of two growing neighborhoods that connect
residents to restaurants, shopping, entertainment venues, two major
league sports stadiums, and the amenities and activities of the
riverfront.
“Buzzard Point and the Capitol Riverfront Business Improvement
District offer tremendous opportunity for businesses in D.C.,” said
Matthew Anderson, Director of Development and Construction for Toll
Brothers Apartment Living in the Mid-Atlantic region. “With
Vermeer’s luxury multifamily residences and Gold’s Gym’s renowned
fitness offerings, we expect to make a significant positive impact
on the development of this neighborhood.”
Construction on Vermeer began in late 2022. The 13-story
building will include 11 stories of modern residences and expansive
amenities at the penthouse level, all above the ground-floor retail
space. The curated amenity offerings will include a refined
resident lounge and game room, a penthouse-level fitness center, a
rooftop pool and terraces, a private dining room, tech savvy
coworking spaces, and two courtyards. The rooftop will provide
breathtaking 360-degree views of Washington, D.C., including the
Capitol Building, Audi Field (home to D.C. United, the Washington
Spirit, and the D.C. Defenders), Nationals Park (home to the
Washington Nationals), the Anacostia and Potomac Rivers, and the
Frederick Douglass Memorial Bridge.
Vermeer will be Toll Brothers Apartment Living’s fourth
multifamily community, and second mixed-use apartment community in
Washington, D.C., after Union Place in the District’s NoMa
neighborhood. For more information about Vermeer, visit
livevermeer.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, 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:
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