Toll Brothers Announces Peapack Crossing is Now Open in Peapack, New Jersey
Rhea-AI Summary
Toll Brothers (NYSE:TOL) announced the opening of Peapack Crossing, a new luxury home community in Peapack, Somerset County, New Jersey. The community features carriage-style townhomes in the Carriages Collection, ranging from about 3,045 to 3,551 square feet and priced from $1.46 million, and single-family homes in the Signature Collection priced from $1.58 million. Buyers can personalize homes through the Toll Brothers Design Studio, and residents are located near shops, outdoor recreation, highly ranked Somerset Hills schools, and major transit routes to New York City and Morristown.
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News Explained
The disclosure changes Peapack Crossing from an announced community to one that is now open to customers, with its sales center operating and homes offered from
News Market Reaction – TOL
In the Jul 28 session, TOL gained 2.63%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 23 | Design studio opening | Positive | +2.3% | New San Antonio design studio announced with personalized customer experiences and scheduled public opening |
| Jul 23 | Community opening | Positive | -1.6% | Mapleton luxury community opened with homes priced from the upper $700,000s |
| Jul 22 | 55-plus community opening | Positive | +1.2% | Exton community announced with 317 homes across approximately 100 acres |
| Jul 21 | Community opening | Positive | +0.2% | Reno townhome community announced with initial pricing from the upper $500,000s |
| Jul 16 | Final home opportunity | Neutral | -3.2% | Final four move-in-ready homes offered at Redmond community priced from $1 million |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Comparable community and design-studio announcements produced mixed 24-hour reactions, with both positive and negative outcomes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
PEAPACK, N.J., July 28, 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 now open in Somerset County, New Jersey. Featuring two distinct collections of homes, Peapack Crossing offers a rare blend of serenity and convenience in one of New Jersey’s most desirable locations. The community’s Sales Center is located at 2 Brandywine Drive in Peapack.
Peapack Crossing showcases luxury carriage-style townhomes and single-family homes on private, wooded home sites. The Carriages Collection features 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 priced 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 offers an exceptional combination of luxury living and convenience, with personalization opportunities that allow home shoppers to create their dream home" said Jill Sarcia, Division President of Toll Brothers in New Jersey. "We invite home shoppers to visit our Sales Center to learn more about this stunning new community."
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 about Peapack Crossing and other Toll Brothers communities in New Jersey, 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/ee20da85-7b44-4d86-b2c2-70c16110fd2c
https://www.globenewswire.com/NewsRoom/AttachmentNg/1500009e-c0dd-4d01-9c57-70953b828bfc
Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)
