Toll Brothers Announces Grand Opening of Viewpoint at Metro Heights Luxury Home Community in Montebello, California

Toll Brothers announces the grand opening of Viewpoint at Metro Heights, a luxury home community in Montebello, California.

Quiver AI Summary

Toll Brothers, Inc. has announced the grand opening of Viewpoint at Metro Heights, a new luxury home community in Montebello, California, with sales commencing on February 15, 2025. The community features three models of homes, ranging from 2,900 to over 3,300 square feet, offering 5 to 7 bedrooms and 5 bathrooms across three stories, designed to highlight stunning views. Each home includes modern amenities such as spacious kitchens, volume ceilings, and options for personalization. The development is accompanied by a 10,000-square-foot recreation center with pools, spas, a fitness center, and various outdoor amenities, alongside nearby shopping and dining options. Homes start at $1.8 million, and prospective buyers can learn more by visiting Toll Brothers' website or reaching out directly.

Potential Positives

Toll Brothers has announced the grand opening of Viewpoint at Metro Heights, a new luxury home community, which enhances its portfolio as the nation's leading builder of luxury homes.
The community features three distinct floor plans and offers luxurious amenities, including a state-of-the-art recreation center with pools, spas, fitness center, and a large public park, signaling a strong market appeal for prospective buyers.
Viewpoint at Metro Heights is strategically located near shopping, dining, and entertainment options, as well as being in proximity to Downtown Los Angeles, which could attract more home buyers looking for convenience and luxury.
The launch at a starting price of $1.8 million positions the project as a premium offering, aligning with the company's brand of providing high-quality luxury homes with personalization options.

Potential Negatives

The starting price of homes at Viewpoint at Metro Heights, set at $1.8 million, may limit the target market to affluent buyers, potentially reducing overall sales volume.
The significant emphasis on luxury features and amenities may raise expectations for future developments, pressuring the company to maintain high standards and innovation in upcoming projects.
The grand opening announcement amid rising interest rates and economic uncertainty could lead to skepticism about the timing and success of this luxury home community launch.

FAQ

What is Viewpoint at Metro Heights?

Viewpoint at Metro Heights is a new luxury home community in Montebello, California, offering distinct floor plans and luxury amenities.

When does sales start for Viewpoint at Metro Heights?

Sales for Viewpoint at Metro Heights begin on Saturday, February 15, 2025.

What features are included in the homes?

The homes feature 5 to 7 bedrooms, 5 bathrooms, spacious kitchens, and flexible living spaces designed for luxury and comfort.

What amenities are available in the community?

The community includes a recreation center, pools, spas, fitness center, parks, trails, and a future gated entry.

How can home buyers personalize their homes?

Home buyers can personalize their homes at the Toll Brothers Design Studio with a wide array of selections and assistance from Design Consultants.

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 318 institutional investors add shares of $TOL stock to their portfolio, and 379 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
POINT72 ASSET MANAGEMENT, L.P. removed 796,068 shares (-82.6%) from their portfolio in Q3 2024, for an estimated $122,984,545
DIMENSIONAL FUND ADVISORS LP removed 697,184 shares (-25.8%) from their portfolio in Q3 2024, for an estimated $107,707,956
BLACKROCK, INC. removed 605,529 shares (-4.5%) from their portfolio in Q4 2024, for an estimated $76,266,377
JPMORGAN CHASE & CO removed 476,490 shares (-51.0%) from their portfolio in Q4 2024, for an estimated $60,013,915
ACADIAN ASSET MANAGEMENT LLC removed 444,920 shares (-81.2%) from their portfolio in Q4 2024, for an estimated $56,037,674
GOLDMAN SACHS GROUP INC removed 393,540 shares (-27.8%) from their portfolio in Q4 2024, for an estimated $49,566,363

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Full Release

MONTEBELLO, Calif., Feb. 12, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, today announced the grand opening of Viewpoint at Metro Heights , a new luxury home community in Montebello, California. Sales will begin on Saturday, February 15, 2025 with three beautifully decorated model homes available for touring at 705 Alder Way in Montebello.

Viewpoint at Metro Heights offers new homes with three distinct floor plans featuring 5 to 7 bedrooms and 5 bathrooms in three stories of living space designed to showcase the incredible views. The home designs range from 2,900 to 3,300+ square feet and include a two-car attached garage, volume ceilings in the great room, spacious kitchens with convenient center islands, ample counter and cabinet space, and casual dining areas that open to the backyard. The second floor includes 10-foot ceilings, spacious and well-appointed primary suites, secondary bedrooms, and a laundry room. The third floor boasts a flex room with a private bedroom suite and covered deck perfect for entertaining. Structural options include a floating staircase, primary suite deck, conservatory, and more.

The Metro Heights master plan offers a future staffed gated entry and unparalleled resort-style amenities. The 10,000-square-foot recreation center will feature multiple pools, spas, private cabanas, and a state-of-the-art fitness center. This incredible amenity center also offers indoor and outdoor social gathering spaces and several event spaces. The pool area will include a luxury outdoor kitchen, BBQs, and fireplaces perfect for enjoying the beautiful California weather. A five-acre public park, four pocket parks, a scenic promenade, and six trails are located within the community.

“We are thrilled to open Viewpoint at Metro Heights, offering luxurious home designs with exceptional personalization options in a community that provides residents with a resort-style living experience,” said Brad Hare, Division President of Toll Brothers in Southern California. “Home buyers will enjoy the convenience of being close to shopping, dining, and entertainment, as well as the incredible amenities and views that Metro Heights has to offer.”

Residents of Viewpoint at Metro Heights will be able to walk to nearby Shops at Montebello and Montebello Town Square. With its proximity to Downtown Los Angeles, Viewpoint at Metro Heights provides an ideal location for those seeking a luxurious and convenient lifestyle.

Home buyers will experience one-stop shopping at the Toll Brothers Design Studio . The state-of-the-art Design Studio allows home buyers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers professional Design Consultants.

Homes at Viewpoint at Metro Heights are priced starting at $1.8 million. For more information on Viewpoint at Metro Heights, prospective home buyers are invited to call (844) 700-8655 or visit TollBrothers.com/CA .

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 .

Contact: Andrea Meck | Toll Brothers, Senior Director, Public Relations & Social Media | 215-938-8169 | [email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/65332f9c-71ef-4473-bf97-cb1bceab3243

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