STOCK TITAN

Toll Brothers Apartment Living® Breaks Ground on The Airedale, a New Luxury Apartment Community in Charlotte

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Very Positive)
Tags

Toll Brothers (NYSE:TOL) has broken ground on The Airedale, a new luxury apartment community in Charlotte, North Carolina. The three-story development will feature 348 units and marks Toll Brothers Apartment Living's first multifamily project in the state. The project is being developed through a joint venture with International Capital, LLC and financed by TD Bank.

Set to open in fall 2026, The Airedale will offer one-, two-, and three-bedroom apartments with premium finishes and an extensive 8,200-square-foot clubhouse. Located at 13607 Choate Circle on a 19.75-acre site, the community will feature luxury amenities including a pool, fitness center, coworking spaces, and pet facilities.

Toll Brothers (NYSE:TOL) ha avviato i lavori per The Airedale, una nuova comunità di appartamenti di lusso a Charlotte, North Carolina. Lo sviluppo su tre piani comprenderà 348 unità e rappresenta il primo progetto multifamiliare di Toll Brothers Apartment Living nello stato. Il progetto viene realizzato tramite una joint venture con International Capital, LLC e finanziato da TD Bank.

Previsto per l'apertura nell'autunno 2026, The Airedale offrirà appartamenti con una, due o tre camere da letto, finiture di pregio e un ampio clubhouse di 8.200 piedi quadrati. Situato al 13607 Choate Circle su un terreno di 19,75 acri, il complesso disporrà di servizi di lusso tra cui piscina, centro fitness, spazi di coworking e strutture per animali domestici.

Toll Brothers (NYSE:TOL) ha iniciado la construcción de The Airedale, una nueva comunidad de apartamentos de lujo en Charlotte, Carolina del Norte. El desarrollo de tres pisos contará con 348 unidades y representa el primer proyecto multifamiliar de Toll Brothers Apartment Living en el estado. El proyecto se desarrolla a través de una empresa conjunta con International Capital, LLC y está financiado por TD Bank.

Con apertura prevista para el otoño de 2026, The Airedale ofrecerá apartamentos de una, dos y tres habitaciones con acabados premium y un extenso club social de 8,200 pies cuadrados. Ubicado en el 13607 Choate Circle, en un terreno de 19.75 acres, la comunidad contará con amenidades de lujo como piscina, gimnasio, espacios de coworking y áreas para mascotas.

Toll Brothers (NYSE:TOL)가 노스캐롤라이나 주 샬롯에 새로운 고급 아파트 커뮤니티인 The Airedale의 착공을 시작했습니다. 3층 규모의 이 개발 프로젝트는 348세대로 구성되며, Toll Brothers Apartment Living의 주 내 첫 다가구 프로젝트입니다. 이 프로젝트는 International Capital, LLC와의 합작 투자로 진행되며 TD Bank가 자금을 지원합니다.

2026년 가을 개장을 목표로 하는 The Airedale는 고급 마감재가 적용된 1, 2, 3베드룸 아파트와 8,200평방피트 규모의 클럽하우스를 제공합니다. 19.75에이커 부지에 위치한 13607 Choate Circle에 자리하며, 수영장, 피트니스 센터, 코워킹 공간, 반려동물 시설 등 고급 편의시설을 갖출 예정입니다.

Toll Brothers (NYSE:TOL) a lancé la construction de The Airedale, une nouvelle communauté d'appartements de luxe à Charlotte, en Caroline du Nord. Ce développement de trois étages comprendra 348 unités et représente le premier projet multifamilial de Toll Brothers Apartment Living dans l'État. Le projet est développé en coentreprise avec International Capital, LLC et financé par TD Bank.

Prévu pour une ouverture à l'automne 2026, The Airedale proposera des appartements d'une, deux et trois chambres avec des finitions haut de gamme ainsi qu'un club-house de 8 200 pieds carrés. Situé au 13607 Choate Circle sur un terrain de 19,75 acres, la communauté offrira des équipements de luxe tels qu'une piscine, un centre de remise en forme, des espaces de coworking et des installations pour animaux de compagnie.

Toll Brothers (NYSE:TOL) hat mit dem Bau von The Airedale begonnen, einer neuen Luxus-Apartmentanlage in Charlotte, North Carolina. Die dreistöckige Anlage wird 348 Einheiten umfassen und markiert das erste Mehrfamilienprojekt von Toll Brothers Apartment Living in diesem Bundesstaat. Das Projekt wird in einer Joint Venture mit International Capital, LLC entwickelt und von der TD Bank finanziert.

Die Eröffnung ist für Herbst 2026 geplant. The Airedale bietet Ein-, Zwei- und Drei-Zimmer-Wohnungen mit hochwertigen Ausstattungen sowie einen großzügigen 8.200 Quadratfuß großen Clubhaus. Die Anlage befindet sich in der 13607 Choate Circle auf einem 19,75 Hektar großen Grundstück und verfügt über luxuriöse Annehmlichkeiten wie Pool, Fitnesscenter, Coworking-Bereiche und Einrichtungen für Haustiere.

Positive
  • First expansion into North Carolina market, representing strategic growth
  • Large-scale development with 348 luxury units in prime Charlotte location
  • Comprehensive amenity package with 8,200-square-foot clubhouse
  • Strategic location near major highways and shopping centers
Negative
  • Significant capital investment required for large-scale development
  • Project completion not until fall 2026, delaying revenue generation
  • Exposure to Charlotte real estate market fluctuations

The three-story, 348-unit community is Toll Brothers Apartment Living’s first luxury multifamily development in North Carolina

CHARLOTTE, N.C., Aug. 05, 2025 (GLOBE NEWSWIRE) -- Toll Brothers Apartment Living®, the rental subsidiary of Toll Brothers, Inc. (NYSE: TOL), the nation's leading builder of luxury homes, is pleased to announce the groundbreaking of The Airedale, a new three-story, 348-unit luxury multifamily community in Charlotte, North Carolina. The Airedale will be Toll Brothers Apartment Living’s first rental community in the state. The community is being developed as part of a joint venture with International Capital, LLC and financed through a construction loan facility from TD Bank.

The recent groundbreaking celebration was attended by Toll Brothers Apartment Living leadership and The Airedale’s development partners. The Airedale is anticipated to open in fall 2026.

“We are excited to officially break ground at The Airedale, our first multifamily community in North Carolina,” said John McCullough, President of Toll Brothers Apartment Living. “Toll Brothers Apartment Living is known for building extraordinary communities in thriving locations, and The Airedale will set a new standard for luxury living in Charlotte.”

The Airedale by Toll Brothers Apartment Living

The Airedale will offer a mix of one-, two-, and three-bedroom floor plans. Each apartment home will include luxury finishes and upscale features, including quartz countertops, stainless steel appliances, soft-close cabinetry with under-cabinet lighting, and kitchen islands. The apartment homes will also feature modular closets, private balconies, and smart home technology.

Residents will enjoy an 8,200-square-foot clubhouse, adjacent to an expansive pool and sundeck with cabanas, an outdoor grilling and dining area, a hammock garden, and green space with lawn games. The community will offer a 24/7 fitness center with individual workout pods and an outdoor fitness lawn, a catering kitchen and a private dining room, a coworking suite with individual work pods and a conference room, a pet spa and a half-acre pet park, and a coffee and hydration bar as well as on-demand beverage taps. Additional community amenities will include a grab and go market, a package room with cold storage, and community-wide Wi-Fi.

“The Airedale represents our commitment to delivering thoughtfully designed communities with elevated living experiences,” said Michael Skena, Managing Director of Toll Brothers Apartment Living in the Mid-Atlantic region. “With modern residences, best-in-class amenities, and a location that puts the best of Steele Creek and Charlotte within reach, The Airedale will offer residents a community defined by comfort, style, and convenience.”

The Airedale is situated on a 19.75-acre site located at 13607 Choate Circle in Charlotte. This vibrant area boasts ample dining and shopping, including the RiverGate Shopping Center and Steele Creek Crossing, as well as proximity to outdoor recreation. The Airedale is located near Interstates 77 and 485, and South Tryon Street, giving residents easy access to South End, Uptown, and regional employment centers.

To learn more about The Airedale, visit LiveTheAiredale.com.

The Airedale by Toll Brothers Apartment Living

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

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/3fbb8e82-aaf6-44a7-81ca-b0ac87510eec

https://www.globenewswire.com/NewsRoom/AttachmentNg/ed6ff19a-7006-4d8a-b32f-56e4460a25f1

Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)


FAQ

What is The Airedale project by Toll Brothers (NYSE:TOL)?

The Airedale is a 348-unit luxury apartment community being developed by Toll Brothers in Charlotte, North Carolina. It's the company's first multifamily development in the state, scheduled to open in fall 2026.

Where is Toll Brothers' The Airedale development located in Charlotte?

The Airedale is located at 13607 Choate Circle in Charlotte on a 19.75-acre site, near Interstates 77 and 485, and South Tryon Street, with proximity to RiverGate Shopping Center and Steele Creek Crossing.

What amenities will The Airedale by Toll Brothers offer?

The Airedale will feature an 8,200-square-foot clubhouse, pool, sundeck with cabanas, 24/7 fitness center, coworking suite, pet spa, coffee bar, and luxury apartment finishes including quartz countertops and smart home technology.

When will Toll Brothers' The Airedale apartment community open?

The Airedale is scheduled to open in fall 2026.

Who are the development partners for Toll Brothers' The Airedale project?

The Airedale is being developed as a joint venture between Toll Brothers Apartment Living and International Capital, LLC, with financing through a construction loan facility from TD Bank.
Toll Brothers

NYSE:TOL

TOL Rankings

TOL Latest News

TOL Latest SEC Filings

TOL Stock Data

11.97B
97.45M
0.74%
93.42%
2.65%
Residential Construction
Operative Builders
Link
United States
FORT WASHINGTON