Toll Brothers Announces New Luxury Home Community Coming Soon to Peapack, New Jersey
Rhea-AI Summary
Toll Brothers (NYSE:TOL) announced Peapack Crossing, a new luxury home community in Peapack, Somerset County, New Jersey, expected to open for sale in summer 2026.
The community will offer carriage-style townhomes from $1.4 million and single-family homes from $1.5 million with modern designs and access to top schools and transit.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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News Market Reaction – TOL
On the day this news was published, TOL declined 0.07%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jun 10 | Award recognition | Positive | -3.6% | Community in Florida received Best of Show and Gold awards. |
| Jun 09 | Model home opening | Positive | +5.1% | Grand opening of model homes at Santa Rita Ranch in Texas. |
| Jun 09 | Final sales phase | Positive | +5.1% | Final opportunity to buy luxury homes at Skye Canyon, Las Vegas. |
| Jun 08 | Model homes opening | Positive | -0.6% | Grand opening of four model homes at Outlook at The Station. |
| Jun 03 | New community selling | Positive | -1.5% | Launch of Haven at Palm Valley luxury community in Ponte Vedra. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent community and project announcements often had mixed market reactions, with several positive developments followed by negative or modest price moves.
Over the past weeks, Toll Brothers reported a series of luxury community milestones across multiple markets, including Ponte Vedra, Las Vegas, Sunnyvale, and Texas, with home prices frequently above $700,000 and even above $1.4 million. An award win at Marsh Harbor in Florida highlighted product quality, while other releases focused on openings and final sales opportunities. Price reactions varied, suggesting that routine community updates alone have not consistently driven the stock, even as the company maintains a broad high-end footprint.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Peapack Crossing offers carriage-style townhomes and single-family homes in a prime Somerset County location
PEAPACK, N.J., June 12, 2026 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest luxury home community, Peapack Crossing, is coming soon to Somerset County, New Jersey. Featuring two distinct collections of homes, Peapack Crossing will offer a rare blend of serenity and convenience in one of New Jersey’s most desirable locations. Site work is underway, and the community is anticipated to open for sale later this summer 2026.
Peapack Crossing will showcase luxury carriage-style townhomes and single-family homes on private, wooded home sites. The Carriages Collection will feature two-story townhomes ranging from approximately 3,045 to 3,551 square feet, with open-concept floor plans, walk-out basements, and two-car garages from
Toll Brothers customers will experience one-stop shopping at the Toll Brothers Design Studio. The state-of-the-art Design Studio allows home shoppers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers professional Design Consultants.
"Peapack Crossing is truly a special community that offers unparalleled luxury living in the heart of Somerset County," said Jill Sarcia, Division President of Toll Brothers in New Jersey. "With thoughtfully designed homes and an exceptional location near highly ranked schools, outdoor recreation, and local conveniences, this community is ideal for home shoppers seeking a sophisticated lifestyle."
Residents of Peapack Crossing will enjoy a prime location close to charming shops and restaurants, pristine outdoor recreation, and highly ranked schools in the Somerset Hills School District. The community also offers easy access to major transit routes, connecting residents to New York City, Morristown, and beyond.
For more information and to join the Toll Brothers interest list for Peapack Crossing, call (844) 834-5263 or visit TollBrothers.com/NJ.
About Toll Brothers
Toll Brothers, Inc., a Fortune 500 Company, is the nation’s leading builder of luxury homes. The Company was founded in 1967 and became a public company in 1986 with common stock listed on the New York Stock Exchange under the symbol “TOL.” Toll Brothers builds new homes and communities in over 60 markets across the United States, serving first-time, move-up, active-adult, and second-home buyers. The Company also operates its own architectural, engineering, mortgage, title, land development, smart home technology, landscape, and building components manufacturing businesses.
Toll Brothers was named the #1 Most Admired Home Builder in Fortune magazine’s 2026 list of the World’s Most Admired Companies®, the ninth year the Company has achieved this honor. 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, ©2026 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
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/49db26d3-912d-4ad3-b0bc-07261421f643
https://www.globenewswire.com/NewsRoom/AttachmentNg/26dab164-6db2-4bf6-9425-4b4c2d1e34ed
Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)
