Toll Brothers Announces Opening of Commonwealth Place at Westfields - The Belle Haven Collection in Chantilly, Virginia

Toll Brothers announces sale of luxury condos at Commonwealth Place in Chantilly, Virginia, featuring modern designs and amenities.

Quiver AI Summary

Toll Brothers, Inc. has announced the opening of its latest luxury condo community, Commonwealth Place at Westfields - The Belle Haven Collection, located in Chantilly, Virginia. The community offers flat and townhome-style luxury condos starting at $572,950, featuring one- and two-story floor plans with two bedrooms and various upscale amenities. Residents will benefit from a prime location near shopping, dining, and outdoor recreation, as well as easy access to major commuter routes and Dulles International Airport. The community provides a low-maintenance lifestyle, with exterior upkeep included in condo fees. Appointments to view the community can be scheduled through Toll Brothers' website or by phone.

Potential Positives

Toll Brothers has opened a new luxury condo community, Commonwealth Place at Westfields - The Belle Haven Collection, in the desirable Chantilly area, indicating a strategic expansion into a high-demand market.
The community features a diverse range of luxury living options, including open-concept floor plans and distinct architectural designs, appealing to a wide array of potential buyers.
Residents will benefit from a maintenance-free lifestyle, as condo fees include snow removal, lawn care, and exterior maintenance, enhancing the attractiveness of the living experience.
The prime location offers proximity to numerous shopping, dining, and outdoor recreational options, further increasing the appeal of the new community to potential buyers.

Potential Negatives

The community is currently open by appointment only, which may limit immediate accessibility for potential buyers and decrease overall interest.
The starting price of $572,950 for luxury condos may restrict potential buyers, especially in a competitive housing market.

FAQ

What is Commonwealth Place at Westfields?

Commonwealth Place at Westfields is a new luxury condo community by Toll Brothers in Chantilly, Virginia, featuring flat and townhome-style options.

What are the prices for homes at Commonwealth Place?

Homes at Commonwealth Place at Westfields are priced starting from $572,950.

What amenities are included for residents?

Residents will enjoy snow removal, lawn mowing, and exterior maintenance included in condo fees, promoting a low-maintenance lifestyle.

Where is Commonwealth Place located?

The community is conveniently located near Dulles International Airport and key commuter routes, providing easy access to the greater D.C. Metro area.

How can I schedule a visit to Commonwealth Place?

The community is open by appointment only. To schedule a visit, call (855) 298-0316 or visit TollBrothers.com/Virginia.

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:

CHRISTINE GARVEY has traded it 2 times. They made 0 purchases and 2 sales, selling 225 shares.
MARTIN P. CONNOR (Chief Financial Officer) has traded it 7 times. They made 0 purchases and 7 sales, selling 63,813 shares.
PAUL E SHAPIRO sold 3,837 shares.
DOUGLAS C. JR. YEARLEY (Chief Executive Officer) has traded it 7 times. They made 0 purchases and 7 sales, selling 212,584 shares.
JOHN A MCLEAN sold 1,000 shares.
ROBERT PARAHUS (President & COO) sold 6,900 shares.
WENDELL E. PRITCHETT sold 3,000 shares.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$TOL Hedge Fund Activity

We have seen 361 institutional investors add shares of $TOL stock to their portfolio, and 308 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

PACER ADVISORS, INC. removed 2,071,992 shares (-98.9%) from their portfolio in Q3 2024
FMR LLC added 1,046,758 shares (+97.7%) to their portfolio in Q3 2024
JPMORGAN CHASE & CO removed 821,081 shares (-46.8%) from their portfolio in Q3 2024
POINT72 ASSET MANAGEMENT, L.P. removed 796,068 shares (-82.6%) from their portfolio in Q3 2024
WESTFIELD CAPITAL MANAGEMENT CO LP added 722,130 shares (+inf%) to their portfolio in Q3 2024
DIMENSIONAL FUND ADVISORS LP removed 697,184 shares (-25.8%) from their portfolio in Q3 2024
BLACKROCK, INC. added 665,465 shares (+5.2%) to their portfolio in Q3 2024

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

Full Release

CHANTILLY, Va., Jan. 13, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest D.C. Metro-area community, Commonwealth Place at Westfields - The Belle Haven Collection , is now open for sale in Chantilly, Virginia. This exclusive Toll Brothers community includes both flat and townhome-style luxury condos in an ideal location priced from $572,950.

Commonwealth Place at Westfields—The Belle Haven Collection features an elevated selection of one- and two-story floor plans ranging from 1,342 to 1,767 square feet with two bedrooms, open-concept floor plans, balconies, two-car tandem garages, distinct architectural design, and professionally selected finishes. Residents will enjoy being within walking distance of charming shops and upscale eateries while surrounded by bountiful outdoor recreation. Located near highly ranked Fairfax County Public Schools, this community has everything home buyers need to live a luxury lifestyle.

“Our new Belle Haven Collection at the Commonwealth Place at Westfields community will offer residents the rare opportunity to own a luxury condo in the highly desirable Chantilly area,” said Nimita Shah, Division President of Toll Brothers in D.C. Metro. “With meticulously designed floor plans and an unrivaled location close to dining and shopping, this community will set a new standard for luxury living in Chantilly.”

Residents will enjoy a convenient and low-maintenance lifestyle with snow removal, lawn mowing, and exterior maintenance all included in condo fees. The community is conveniently located near Dulles International Airport and nearby commuter routes Interstate 66, Route 50, Route 28, and Dulles Toll Road/Route 267, offering easy access to the greater D.C. Metro area.

The community is within walking distance of all the shopping, dining, and entertainment options at The Field at Commonwealth, including Wegmans, Mellow Mushroom, Cava, Chipotle, South Block, and more. Nearby golf courses and parks include Chantilly National Golf & Country Club, Pleasant Valley Golf Club, Flatlick Stream Valley Park, Ellanor C. Lawrence Park, and Richard W. Jones Park.

The community is currently open by appointment only. To schedule an appointment or for more information on Commonwealth Place at Westfields - The Belle Haven Collection , call (855) 298-0316 or visit TollBrothers.com/Virginia .

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/e85d2274-fa2b-429e-8dbc-2559a1da9b36

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