Toll Brothers Announces New Luxury Townhome Community Coming Soon to Randolph, New Jersey
Rhea-AI Summary
Toll Brothers (NYSE:TOL) has announced the development of Oaks at Randolph, a new luxury townhome community in Randolph, New Jersey. The community will feature 108 upscale townhomes with open-concept floor plans up to 2,300 square feet. Amenities will include a clubhouse, fitness center, and outdoor swimming pool. Located in the Randolph Township School District, the community offers proximity to downtown Morristown and easy access to New York City. Site work is underway, with sales expected to begin in fall 2024. Buyers can personalize their homes through the Toll Brothers Design Studio experience. This development represents a rare opportunity for new construction in the established Randolph area.
Positive
- Expansion into a desirable area with 108 new luxury townhomes
- Attractive amenities including clubhouse, fitness center, and pool
- Located in a well-regarded school district
- Proximity to New York City, potentially attracting commuters
Negative
- None.
News Market Reaction – TOL
In the trading session that priced this news, TOL gained 0.08%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
RANDOLPH, N.J., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest community, Oaks at Randolph, is coming soon to Randolph, New Jersey. This exclusive Toll Brothers neighborhood will feature upscale townhomes and an array of resort-style amenities. Site work is currently underway, and the community is anticipated to open for sale in fall 2024.
Oaks at Randolph will be a community of 108 townhomes situated within a beautiful, wooded setting. The community will offer residents an impressive selection of open-concept two-story townhomes with dynamic floor plans up to 2,300 square feet, including flexible living spaces and basement options. The community’s luxury amenities will include an exclusive clubhouse, fitness center, outdoor swimming pool, and more.
“Our new Oaks at Randolph community will offer residents the rare opportunity to build a new construction home within the well-established and highly desirable Randolph area,” said James Fitzpatrick, Group President of Toll Brothers in New Jersey. “With large, open floor plans and unrivaled personalization options through the Toll Brothers Design Studio experience, this community will set a new standard for luxury living in Randolph.”
Oaks at Randolph is located within the esteemed Randolph Township School District and surrounded by endless outdoor activities. Residents will enjoy proximity to charming downtown Morristown, with easy access to New York City as well as Interstates 80 and 287.
Home buyers will experience one-stop shopping at the Toll Brothers Design Studio. The national award-winning Design Studio in Dayton, New Jersey allows home buyers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers professional Design Consultants.
For more information and to join the Toll Brothers interest list for Oaks at Randolph, call (844) 834-5263 or visit OaksAtRandolph.com.
About Toll Brothers
Toll 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, 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, Director, Public Relations & Social Media | 215-938-8169 | ameck@tollbrothers.com
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/8e3642c8-52a5-4002-b1e8-44676d3a4664
https://www.globenewswire.com/NewsRoom/AttachmentNg/bffcad8d-e082-47bc-a066-816d948a7cd2
Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)
