Toll Brothers will soon open Stonemill Village, a luxury townhome community in Downingtown, offering 89 homes priced from the $600,000s.
Quiver AI Summary
Toll Brothers, Inc. has unveiled plans for a new townhome community, Stonemill Village, located at 5 Grayson Lane in Downingtown, Pennsylvania, set to begin sales in spring 2025. This community will feature 89 two-story townhomes ranging from 1,825 to over 2,114 square feet, situated within the highly regarded Downingtown Area School District. Homes will be priced starting in the $600,000s and will offer a low-maintenance lifestyle, including services like lawn care and snow removal. The designs cater to modern buyers with options for home offices and personalized features. Residents will benefit from easy access to shopping, dining, recreation, and major highways, facilitating commutes to nearby cities and attractions. Interested buyers can explore customization options at the Toll Brothers Design Studio.
Potential Positives
- Toll Brothers announced the upcoming launch of Stonemill Village, a new luxury townhome community, which enhances their product offerings in the Chester County area.
- The community features 89 two-story townhomes with a variety of designs, catering to a diverse range of home buyer preferences and needs.
- Stonemill Village is located in a prestigious school district and offers residents convenient access to shopping, dining, and recreational opportunities, increasing its appeal to potential buyers.
- The company continues to innovate by offering personalized home options through its state-of-the-art Design Studio, enhancing the home buying experience.
Potential Negatives
- Homes in the Stonemill Village community are priced from the $600,000s, which may be perceived as unaffordable for many potential first-time buyers, possibly limiting the customer base.
- The announcement lacks details on pre-sales or current demand for the townhomes, which could raise concerns about market saturation or competition in the luxury home market.
- The press release does not address the potential risks associated with economic conditions that could impact the housing market, such as interest rate fluctuations or regional economic downturns.
FAQ
What is Stonemill Village?
Stonemill Village is a new townhome community by Toll Brothers located in Downingtown, Pennsylvania, featuring 89 luxury two-story townhomes.
When will sales start for Stonemill Village?
Sales for Stonemill Village are expected to begin in spring 2025.
What features do the townhomes offer?
The townhomes range from 1,825 to over 2,114 square feet, with home offices, basements, and extensive personalization options available.
What amenities are included in Stonemill Village?
Homeowners will enjoy a low-maintenance lifestyle, including lawn care, snow removal, trash, and recycling services included in the community.
Where is Stonemill Village located?
Stonemill Village is situated in Downingtown, close to shopping, dining, and recreational destinations, with easy access to major highways.
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 360 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
DOWNINGTOWN, Pa., Jan. 10, 2025 (GLOBE NEWSWIRE) --
Toll Brothers, Inc.
(NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest Chester County townhome community,
Stonemill Village
, is coming soon to 5 Grayson Lane in Downingtown, Pennsylvania. Construction of the Sales Center and model home is underway and sales will start in spring 2025.
Located in the prestigious Downingtown Area School District, Stonemill Village will feature 89 two-story townhomes in a quiet neighborhood close to every convenience. Home buyers will be able to choose from a variety of exquisite home designs ranging from 1,825 to 2,114+ square feet, each built with the outstanding quality, craftsmanship, and value for which Toll Brothers is known. The community offers home buyers a low-maintenance lifestyle with lawn care, snow removal, trash, and recycling included. Homes will be priced from the $600,000s.
“With floor plans designed for today’s buyers featuring home offices, basements on select home sites, and outstanding personalization options, Stonemill Village will offer residents the best in luxury living,” said John Dean, Division President of Toll Brothers in Pennsylvania. “In addition to our build-to-order homes, we are excited to offer quick move-in homes at Stonemill Village that will be available for every timeline upon opening.”
Toll Brothers home buyers will enjoy proximity to nearby shopping, dining, arts and entertainment, and recreational destinations, including Marsh Creek State Park, Eagle Village Shops, Main Street at Exton, King of Prussia Mall and Town Center at King of Prussia, as well as Philadelphia’s sporting arenas, stadiums, and more.
Major highways including Routes 202 and 30 and the Pennsylvania Turnpike are easily accessible from Stonemill Village, offering homeowners convenient access to Philadelphia, New Jersey beaches, Pocono Mountains, and New York City.
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.
For more information on Stonemill Village and Toll Brothers communities throughout Pennsylvania, call (855) 872-8205 or visit
TollBrothers.com/Pennsylvania.
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 |
ameck@tollbrothers.com
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/95eb2b0a-35d0-48a8-a794-1b31c0a98e5c
https://www.globenewswire.com/NewsRoom/AttachmentNg/27194382-b6a2-4ece-9b5d-27cf78f5100d
Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)
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