Toll Brothers Apartment Living® and CrossHarbor Capital Partners Announce the Grand Opening of Vermeer, a New Luxury Apartment Community in Washington, D.C.
Toll Brothers (NYSE: TOL) and CrossHarbor Capital Partners have announced the grand opening of Vermeer, a new luxury apartment community in Washington, D.C.'s Buzzard Point. The 13-story mixed-use development features 501 luxury residences and 37,000 square feet of retail space. The project, financed with a $162.7 million construction loan from Bank OZK, began construction in late 2022 and welcomed its first residents in December 2024.
The property offers one-, two-, and three-bedroom apartments with premium finishes, smart home features, and select units with private balconies. Community amenities include a rooftop pool, fitness center, multiple courtyards, and coworking spaces. The development's first retail tenant, Gold's Gym, will occupy over 19,000 square feet and is scheduled to open in fall 2025.
Toll Brothers (NYSE: TOL) e CrossHarbor Capital Partners hanno annunciato l'inaugurazione di Vermeer, una nuova comunità di appartamenti di lusso a Buzzard Point, Washington, D.C. Il complesso misto di 13 piani comprende 501 residenze di lusso e 37.000 piedi quadrati di spazi commerciali. Il progetto, finanziato con un prestito per la costruzione di 162,7 milioni di dollari da Bank OZK, ha iniziato i lavori alla fine del 2022 e ha accolto i primi residenti a dicembre 2024.
La proprietà offre appartamenti con una, due o tre camere da letto, finiture di alta qualità, funzionalità smart home e alcune unità con balconi privati. I servizi della comunità includono una piscina sul tetto, una palestra, diversi cortili e spazi di coworking. Il primo negozio commerciale, Gold's Gym, occuperà oltre 19.000 piedi quadrati ed è previsto l'apertura per l'autunno 2025.
Toll Brothers (NYSE: TOL) y CrossHarbor Capital Partners han anunciado la gran inauguración de Vermeer, una nueva comunidad de apartamentos de lujo en Buzzard Point, Washington, D.C. Este desarrollo mixto de 13 pisos cuenta con 501 residencias de lujo y 37,000 pies cuadrados de espacio comercial. El proyecto, financiado con un préstamo de construcción de $162.7 millones otorgado por Bank OZK, comenzó su construcción a finales de 2022 y recibió a sus primeros residentes en diciembre de 2024.
La propiedad ofrece apartamentos de uno, dos y tres dormitorios con acabados premium, características de hogar inteligente y algunas unidades con balcones privados. Las amenidades comunitarias incluyen una piscina en la azotea, gimnasio, varios patios y espacios de coworking. El primer inquilino comercial, Gold's Gym, ocupará más de 19,000 pies cuadrados y está programado para abrir en otoño de 2025.
Toll Brothers (NYSE: TOL)와 CrossHarbor Capital Partners는 워싱턴 D.C.의 버자드 포인트에 위치한 새로운 고급 아파트 커뮤니티 Vermeer의 성대한 개장을 발표했습니다. 13층 규모의 복합용도 개발 프로젝트로 501개의 고급 주거 공간과 37,000평방피트의 상업 공간을 포함하고 있습니다. 이 프로젝트는 Bank OZK로부터 받은 1억 6,270만 달러의 건설 대출로 자금을 조달했으며, 2022년 말에 착공하여 2024년 12월 첫 입주자를 맞이했습니다.
이 부동산은 고급 마감재와 스마트 홈 기능을 갖춘 1, 2, 3베드룸 아파트를 제공하며, 일부 유닛에는 개인 발코니가 있습니다. 커뮤니티 편의 시설로는 옥상 수영장, 피트니스 센터, 여러 안뜰, 코워킹 공간이 포함됩니다. 개발 첫 상업 임차인인 Gold's Gym은 19,000평방피트 이상의 공간을 차지하며 2025년 가을 개장을 예정하고 있습니다.
Toll Brothers (NYSE : TOL) et CrossHarbor Capital Partners ont annoncé l'inauguration officielle de Vermeer, une nouvelle communauté d'appartements de luxe à Buzzard Point, Washington, D.C. Ce développement mixte de 13 étages comprend 501 résidences de luxe et 37 000 pieds carrés d'espaces commerciaux. Le projet, financé par un prêt de construction de 162,7 millions de dollars accordé par Bank OZK, a débuté sa construction fin 2022 et a accueilli ses premiers résidents en décembre 2024.
La propriété propose des appartements d'une, deux ou trois chambres avec des finitions haut de gamme, des fonctionnalités domotiques et certaines unités avec balcons privés. Les équipements communautaires incluent une piscine sur le toit, une salle de sport, plusieurs cours et des espaces de coworking. Le premier locataire commercial, Gold's Gym, occupera plus de 19 000 pieds carrés et est prévu pour une ouverture à l'automne 2025.
Toll Brothers (NYSE: TOL) und CrossHarbor Capital Partners haben die feierliche Eröffnung von Vermeer bekannt gegeben, einer neuen luxuriösen Apartmentanlage in Buzzard Point, Washington, D.C. Das 13-stöckige Mischprojekt umfasst 501 luxuriöse Wohneinheiten und 37.000 Quadratfuß Einzelhandelsfläche. Das Projekt, finanziert durch ein 162,7 Millionen Dollar Baukredit von Bank OZK, begann Ende 2022 mit dem Bau und begrüßte seine ersten Bewohner im Dezember 2024.
Die Immobilie bietet Ein-, Zwei- und Drei-Zimmer-Wohnungen mit hochwertigen Ausstattungen, Smart-Home-Funktionen und ausgewählten Einheiten mit privaten Balkonen. Zu den Gemeinschaftseinrichtungen gehören ein Dachpool, ein Fitnesscenter, mehrere Innenhöfe und Coworking-Bereiche. Der erste Einzelhandelsmieter, Gold's Gym, wird über 19.000 Quadratfuß einnehmen und soll im Herbst 2025 eröffnen.
- Strategic location near key Washington D.C. attractions including Audi Field, Nationals Park, and The Wharf
- Significant retail component with 37,000 square feet of space, including confirmed anchor tenant Gold's Gym
- Premium amenities and features that can command higher rental rates
- Expansion of Toll Brothers' multifamily portfolio in Washington D.C., marking their fourth community in the area
- Substantial debt financing of $162.7 million could impact project returns
- Competitive market conditions in D.C.'s luxury apartment sector could affect rental rates and occupancy
- Significant retail space still available for lease beyond Gold's Gym commitment
The 13-story mixed-use development brings 501 luxury residences and 37,000 square feet of retail to Buzzard Point
WASHINGTON, May 14, 2025 (GLOBE NEWSWIRE) -- Toll Brothers Apartment Living®, the rental subsidiary of Toll Brothers, Inc. (NYSE: TOL), the nation's leading builder of luxury homes, in partnership with CrossHarbor Capital Partners, announces the grand opening of Vermeer, a 13-story luxury apartment community in Washington, D.C.’s Buzzard Point neighborhood. Located at 113 Potomac Avenue SW, Vermeer offers 501 thoughtfully designed residences and approximately 37,000 square feet of ground-floor retail space. Construction was financed with a
“Vermeer reflects our vision for modern urban living: an elevated residential experience that complements the energy and evolution of Buzzard Point,” said John McCullough, President of Toll Brothers Apartment Living. “With its sophisticated design, extensive amenities, and unbeatable views of Washington, D.C. and the riverfront, this community delivers the style, substance, and walkability that today’s urban renter demands.”
Designed by KTGY, Vermeer features a mix of one-, two-, and three-bedroom apartment homes. Each residence is replete with premium finishes, including quartz countertops with tile backsplashes, stainless steel appliances, modern flat-panel cabinetry, oversized closets with built-in storage, and smart home features including app-enabled keyless entry and smart thermostats. Select residences also offer private balconies or terraces with sweeping views of Washington, D.C. including Audi Field and the Potomac and Anacostia Rivers.
The community amenities are curated to enhance residents' lifestyles, featuring a rooftop pool with expansive sundeck, a fitness center and hydration bar, multiple elevated courtyards with firepits and grilling stations, and a game lounge with billiards and a poker table. Additional amenities include a grand lobby with concierge, a private dining room, multiple coworking spaces, and a pet spa. Throughout the community, residents can enjoy views of Washington, D.C., including near 360-degree views from the rooftop of the Capitol Building, Audi Field, Nationals Park, the Anacostia and Potomac Rivers, and the Frederick Douglass Memorial Bridge.
“Vermeer’s refined design, paired with its exceptional location adjacent to Audi Field, makes the community an unparalleled destination in this rapidly growing neighborhood,” said Michael Skena, Managing Director of Toll Brothers Apartment Living in the Mid-Atlantic region. “From its dynamic street-level retail to its rooftop amenities, Vermeer offers residents the rare opportunity to live where elevated urban living and convenience intersect.”
Vermeer provides residents with easy access to the Capitol Riverfront, with walkability to Audi Field, Nationals Park, The Wharf, and the Navy Yard-Ballpark Metro station. The community’s first retail tenant, a 19,000+ square-foot Gold’s Gym location, is set to open this fall.
Vermeer is Toll Brothers Apartment Living’s fourth multifamily community in Washington, D.C., and second mixed-use development in the District after Union Place in the NoMa neighborhood. For more information about Vermeer, visit LiveVermeer.com.
ABOUT TOLL BROTHERS APARTMENT LIVING®
Toll 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, design, and the 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 BROTHERS
Toll Brothers, Inc., a Fortune 500 Company, is the nation's leading builder of luxury homes. The Company was founded 58 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.
Toll Brothers has been one of Fortune magazine’s World's Most Admired Companies™ for 10+ years in a row, and in 2024 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, ©2025 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
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