Toll Brothers launches Crossbridge community in Vero Beach, offering luxury low-maintenance homes and various amenities.
Quiver AI Summary
Toll Brothers, Inc., a leading luxury home builder, has announced the opening of its new community, Crossbridge by Toll Brothers, in Vero Beach, Florida, now available for sale by appointment. This picturesque community features low-maintenance single-family homes located near the Indian River Lagoon, with a Sales Center and Model Home set to open next month. Crossbridge offers four architectural designs ranging from 1,885 to over 2,614 square feet, with options for 2 to 4 bedrooms and priced starting in the upper $400,000s. Homeowners will enjoy various amenities, including a swimming pool, playground, fitness center, and a clubhouse, along with easy access to shopping, dining, and outdoor activities. The community supports a low-maintenance lifestyle by including lawn care and maintenance services. Prospective buyers can learn more and schedule visits through Toll Brothers' contact resources.
Potential Positives
- Announcement of a new luxury home community, Crossbridge by Toll Brothers, opening for sale, indicating growth and expansion in Southeast Florida.
- The community offers low-maintenance living with amenities such as a swimming pool, fitness center, and dog park, appealing to potential home buyers seeking convenience and lifestyle benefits.
- Crossbridge features a selection of four new architectural designs and flexible floor plans, showcasing the company's commitment to offering customized living options to buyers.
- Toll Brothers' established reputation as the nation's leading builder of luxury homes enhances the credibility and desirability of the Crossbridge community to prospective purchasers.
Potential Negatives
- Press release lacks detailed information regarding the completion timeline of the Sales Center and Model Home, which may create uncertainty for potential buyers.
- The announcement does not mention any competitive advantages over similar luxury home offerings in the area, which could affect market interest.
- While offering new homes starting in the upper $400,000s, it does not address the affordability concerns of potential buyers in the current economic climate.
FAQ
What is Crossbridge by Toll Brothers?
Crossbridge by Toll Brothers is a new luxury home community in Vero Beach, Florida, offering low-maintenance single-family homes.
Where is Crossbridge located?
Crossbridge is located less than a mile from the Indian River Lagoon in Vero Beach, Florida.
What types of homes are available at Crossbridge?
The community features single-story homes with 2 to 4 bedrooms and living spaces ranging from 1,885 to 2,614+ square feet.
What amenities will Crossbridge offer residents?
Amenities at Crossbridge will include a swimming pool, playground, fitness center, dog park, and event lawn, among others.
How can I schedule a visit to Crossbridge?
Prospective buyers can schedule an appointment by calling (855) 776-8655 or visiting CrossbridgeByTollBrothers.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$TOL Insider Trading Activity
$TOL insiders have traded $TOL stock on the open market 20 times in the past 6 months. Of those trades, 0 have been purchases and 20 have been sales.
Here’s a breakdown of recent trading of $TOL stock by insiders over the last 6 months:
- DOUGLAS C. JR. YEARLEY (Chief Executive Officer) has made 0 purchases and 7 sales selling 212,584 shares for an estimated $32,000,793.
- MARTIN P. CONNOR (Chief Financial Officer) has made 0 purchases and 7 sales selling 63,813 shares for an estimated $9,116,108.
- ROBERT PARAHUS (President & COO) sold 6,900 shares for an estimated $1,018,423
- PAUL E SHAPIRO sold 3,837 shares for an estimated $514,697
- WENDELL E. PRITCHETT sold 3,000 shares for an estimated $442,169
- JOHN A MCLEAN sold 1,000 shares for an estimated $151,100
- CHRISTINE GARVEY has made 0 purchases and 2 sales selling 225 shares for an estimated $28,321.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$TOL Hedge Fund Activity
We have seen 355 institutional investors add shares of $TOL stock to their portfolio, and 322 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC added 1,046,758 shares (+97.7%) to their portfolio in Q3 2024, for an estimated $161,713,643
- JPMORGAN CHASE & CO removed 821,081 shares (-46.8%) from their portfolio in Q3 2024, for an estimated $126,848,803
- POINT72 ASSET MANAGEMENT, L.P. removed 796,068 shares (-82.6%) from their portfolio in Q3 2024, for an estimated $122,984,545
- WESTFIELD CAPITAL MANAGEMENT CO LP added 722,130 shares (+inf%) to their portfolio in Q3 2024, for an estimated $111,561,863
- DIMENSIONAL FUND ADVISORS LP removed 697,184 shares (-25.8%) from their portfolio in Q3 2024, for an estimated $107,707,956
- BLACKROCK, INC. added 665,465 shares (+5.2%) to their portfolio in Q3 2024, for an estimated $102,807,687
- ALLIANZ ASSET MANAGEMENT GMBH removed 611,150 shares (-48.1%) from their portfolio in Q3 2024, for an estimated $94,416,563
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
VERO BEACH, Fla., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest Southeast Florida area community, Crossbridge by Toll Brothers , is now open for sale by appointment. The new community features low-maintenance single-family homes in a picturesque setting less than a mile from the Indian River Lagoon in Vero Beach, Florida. The community Sales Center and Model Home, located at 6778 68 th Square in Vero Beach, are currently under construction and expected to open next month.
Situated amidst breathtaking scenery, Crossbridge by Toll Brothers offers home buyers a selection of four brand-new architectural designs ranging from 1,885 to 2,614+ square feet of living space. These single-story homes provide flexible floor plan options with 2 to 4 bedrooms, 2 to 3 bathrooms, and 2- to 3-car garages. Outstanding features include well-designed kitchens, spacious living areas, and primary bedroom suites. Homes are priced starting at the upper $400,000s.
Homeowners in Crossbridge will enjoy low-maintenance living with lawn care, irrigation maintenance, and common area landscaping included. Future amenities at Crossbridge by Toll Brothers will include a swimming pool, playground, fitness center, dog park, and event lawn. Residents will also enjoy social opportunities at the clubhouse and the convenience of being close to shopping, dining, golfing, and plentiful outdoor recreation activities, including the 69th Street Kayak Launch. The community’s location offers easy access to major roadways including U.S. Route 1 and Interstate 95, as well as the beautiful Indian River beaches.
“Crossbridge by Toll Brothers brings together the perfect blend of convenience, low-maintenance living, and the natural beauty of Indian River County,” said Jonathan Carter, Division President of Toll Brothers in Southeast Florida. “We are excited to provide home buyers the opportunity to create their dream home in this exciting location. Our quick move-in homes at Crossbridge offer Designer Appointed Collections that are perfectly suited to the taste and lifestyle of each buyer.”
For more information on Crossbridge by Toll Brothers, prospective home buyers are invited to schedule an appointment to visit by calling (855) 776-8655 or visit CrossbridgeByTollBrothers.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.
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, Senior Director, Public Relations & Social Media | 215-938-8169 | [email protected]
Photo accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/2a113d6b-979b-4eb3-b1cb-5f5a7e81ce19
https://www.globenewswire.com/NewsRoom/AttachmentNg/41d595cc-f4c8-4df2-8a0e-f8a517c3f814
Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)