The Real Estate Blog
What is Elegran Edge? It’s the blog where we bring together the biggest and best stories from our neighborhood blogs and agent blogs. If it’s happening in Manhattan real estate, you can find it here.
Articles about "Toll Brothers"
Toll Brothers City Living is Becoming Formidable
December 13, 2011
If you live in the low-rise at 303 East 33rd St., or a handful of other luxury condo buildings in the city, you might have heard of Toll Brothers. Toll Brothers is a high-end building construction company based in Pennsylvania. It opened a New York office in Brooklyn seven years ago, and has spent that time in steady expansion. So far it’s developed 8 residential projects in the city. It has plans to develop two more next year. And it just closed a deal in conjunction with Equity Residential for the acquisition of a 400,000 square foot piece of land at 400 Park Avenue South, where it will build another one. So when we heard the office had announced plans to move from its Brooklyn office to one in the Financial District, it looked to us like a sign that they’re feeling pretty confident right now.Read More
Toll Brothers Re-Claims NYC as Part of Its Empire
July 18, 2011
For nearly 45 years, Toll Brothers has prided itself on -- and marketed itself as -- being America’s top “luxury home builder." From golf course mansions to poolside townhouses, Toll Brothers created an ever-increasing empire, if one that -- until a few years ago, at least -- was confined largely to the 'Burbs. That changed in 2008 with the arrival of Toll Brothers City Living, a branch of the company specializing in housing in Manhattan, Brooklyn, Hoboken and Philadelphia. Of course, as anyone who followed Manhattan real estate -- or the economy, or anything else -- could tell you, '08 was an especially inopportune time to be starting a real estate business. Unsurprisingly, Toll Brothers City Living got off to a rough start with Northside Piers, and later that year Robert I. Toll, chief executive of Toll Brothers, claimed that New York City had “joined the rest of the country” and was no longer a place to buy homes.Read More