FORT WASHINGTON, Pa., May 12, 2022 (GLOBE NEWSWIRE) — Toll Brothers Apartment Living®, the rental subsidiary of Toll Brothers, Inc. (:TOL), the nation’s leading luxury home builder, announces the grand opening of Aster, the company’s new 22-story, 270-unit luxury apartment building in the Turtle Creek neighborhood of Dallas, Texas.

The company recently held a grand opening celebration at the property with senior executives from Toll Brothers and its Apartment Living division, as well as Aster development partners, leaders from local civic and neighborhood associations, local elected officials and members of the media. After a cocktail, opening remarks and exclusive tours, the celebration continued with a party for current residents of Aster.

“As a new flagship community in Texas, Aster stands out as the premier rental community in the Turtle Creek and Oak Lawn neighborhoods,” said Charles Elliott, President of Toll Brothers Apartment Living. “Aster represents the best of what Toll Brothers Apartment Living stands for – from its design and brand to its exceptional resident experience. This project embodies a new standard of luxury development that we will be building on with several upcoming projects throughout Texas and elsewhere in the United States.

Designed by WDG Architecture, the 22-story, 270-unit luxury skyscraper is located on Congress Avenue between Oak Lawn Avenue and Turtle Creek. Construction of Aster began in 2019 and was completed in 2021, offering first occupancy in October. With a name inspired by the iconic Texas wildflower, Aster draws on deep roots in Dallas history while joining the prestigious Turtle Creek neighborhood with a dynamic and sophisticated new personality.

“Aster is located in a decidedly different area from the bustling commercial districts that many others are building in,” said Tommy Rhodus, Texas regional manager of Toll Brothers Apartment Living. “Instead, Aster is in a much quieter, more established residential area. We focused on designing a neighborhood-scale building by setting it back and surrounding it with townhouse-style apartments along the street and a corner park.

Aster features 260 studio, 1, 2, and 3-bedroom residences, as well as 10 2-story penthouse residences, approximately 20,000 square feet of indoor and outdoor amenity space, and a 6-level above and above structure. below ground level. 418-space parking lot, including 14 EV charging stations. Throughout the property, residents enjoy custom lighting, high-end finishes, secure keyless entry, and Wi-Fi.

Amenities on the first and second floors include a concierge lobby, veranda, library, package room, and pet spa. On the fourth-floor amenity terrace, residents can enjoy a bar and club lounge with a fully-equipped kitchen, 2-story fitness center, coworking space, and summer terrace. outdoor amenity including swimming pool with infinity fountain and custom trellis with waterfall. , grilling stations, outdoor lounge seating and lawn games. On the seventeenth floor, resident amenities include a sky lounge with stunning views of the Dallas skyline, a private dining room, a sky deck with seating and a TV, and a sports lounge with a multi-sport simulator.

Apartments feature luxurious wide-plank walnut flooring, quartz countertops, Calacatta marble backsplashes, European-style cabinetry with soft-closing doors and drawers, stainless steel appliances, appliances custom lighting, manual blinds, dressing rooms, thermostats, private balconies and terraces. The exterior-facing units have private fenced yards.

Tower-top penthouses feature 2-story floor plans with double-height living and dining areas and floor-to-ceiling windows, appliances from Sub-Zero and Wolf, faucets and fixtures plumbing fixtures from Brizo, a contemporary kitchen sink apron, wet bar with wine cooler, spa-inspired showers and freestanding tubs, and mechanical window roller blinds in the living room, dining room and master bathrooms.

Aster is the third project completed by Toll Brothers Apartment Living in Texas, following Kilby in Frisco and Westerly in Dallas, both of which sold in 2020 and 2021 respectively. Aster represents the rapid and continued expansion of Toll Brothers Apartment Living in Texas, the company currently set to begin construction on nearly 3,000 residences in eight projects that are expected to be actively under construction across the state before the end of 2022.

In 2021, the company’s platform has also expanded significantly nationwide. Toll Brothers Apartment Living began construction on 3,621 units located in more markets than ever before, a 416% increase over the prior year, which marked the largest period of single-year growth in its history. story. Toll Brothers Apartment Living is rated 11e the largest multifamily developer in the United States by the National Multifamily Housing Council (NMHC) 2022 NMHC 50.

About Toll Brothers Apartment Living®

Toll Brothers Apartment Living is the apartment development division of Toll Brothers, Inc. (:TOL), a FORTUNE 500 award-winning company and the nation’s leading builder of luxury homes. Toll Brothers Apartment Living brings the same quality, luxury and service that Toll Brothers is known for to its exceptional rental and mixed-use communities in select markets including Atlanta, Boston, Dallas, Los Angeles, New York, Philadelphia , Phoenix and Washington D.C. 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 2022, the NMHC ranked Toll Brothers Apartment Living as the 11th largest apartment developer in the United States. Today, the company has developed nearly 8,500 units, has nearly 4,500 units under management and controls a nationwide pipeline of more than 20,500 units. 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 55 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 home, moving, empty nest, working 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, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, golf course development, smart home technology and landscaping subsidiaries. The Company also operates its own lumber distribution, home component assembly and manufacturing businesses.

Toll Brothers was named the World’s Most Admired Home Builder in FORTUNE magazine’s 2022 survey of the World’s Most Admired Companies®, the seventh year it has been so honored. Toll Brothers was also named Builder magazine’s Builder of the Year and is the first two-time recipient of Professional Builder magazine’s Builder of the Year award. For more information, visit TollBrothers.com.

©2022 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse the products or services of, Toll Brothers.

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

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