PORTLAND, OR – Global real estate firm Lincoln Property Company celebrated the Grand Opening of The Sutton, a high-end waterfront apartment complex in Portland s North Pearl District with neighbors, local officials, and business leaders. Leasing activity is off to a robust start at the beautiful new 236-unit complex.
The Sutton received the Commercial Association of Brokers Multifamily Development of the Year award for its high-quality design and features, expansive views of the city, the Willamette River, and the Fremont Bridge, and proximity to the Pearl District—a vibrant neighborhood experiencing one of the highest rates of growth of any Portland area, nearly doubling in size in the past decade.
The Sutton is a 17-story residential tower located on the Willamette River in the North Pearl neighborhood. The building s front yard is on the Greenway Trail—which provides public access to the river and Portland s iconic trail system. As part of the project, Lincoln widened the Greenway Trail between the property and the river, giving pedestrians, cyclists, and skaters more space to enjoy, and agreed to help maintain and improve this section of the trail with new landscaping and site work. The Sutton also features space for a ground-floor restaurant with indoor/outdoor seating along the waterfront that will bring the community together.
As part of the opening ceremony, Patrick Gilligan, Executive Vice President with Lincoln, and Nick Gonzalves, Director with Bridge Investment Group, marked the property s official opening with a formal ribbon cutting. Andrew Hoan, President and CEO of the Portland Business Alliance, presented The Sutton with an official Proclamation. Many toured the property and explored the amenities, including hotel-quality guest suites that can be reserved for out-of-town visitors, a game room, multiple lounges, a coffee bar, a gourmet community kitchen, a pet spa, a bike storage and repair center, and a landscaped rooftop terrace with spectacular views of the Willamette River and Fremont Bridge.
The Sutton was a complex, multi-year development that required significant community engagement, collaboration, and support. This was a long time coming, said Gilligan. Despite a turbulent economy, COVID-19, and multiple rounds of revisions to secure approval—The Sutton team kept going. We are passionate about this project and so excited to see it finally coming to fruition.
Lincoln and The Sutton team are also excited to have been selected as the Multifamily Development of the Year by the Commercial Association of Brokers (CAB) in Oregon and Southwest Washington at their annual Night of Excellence in Commercial Real Estate ceremony earlier this year. The CAB awards gala was held on March 9, 2023, at the Portland Art Museum, where winning projects in various categories were honored.
Lincoln developed The Sutton with investor partner Bridge Investment Group. TVA, a Portland-based architecture and design firm, served as the lead Architect, with Andersen Construction as the General Contractor. Luxury lifestyle brand, Ink + Oro, handled the furnishings, while Portland s Carol Williamson + Associates oversaw the interior design.

SPARKS, NV – Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and asset manager, announced the start of leasing at Rowan, a sophisticated community in the burgeoning Reno, Nev. suburb of Sparks.
Rowan, a 360-home garden-style community, features an intelligent, elevated living experience in Sparks – a family-oriented city of more than 100,000, ideally located in Truckee Meadows between the Carson and Virginia mountain ranges of the eastern Sierra Nevadas. With a mild climate, plenty of sunshine and year-round recreational opportunities, Rowan’s location affords residents an active lifestyle and an enviable quality of life.
“Sparks has everything you’re looking for when you’re living in the West – mountains, sun, low humidity and endless outdoor opportunities,” said Jesse Herzog, Quarterra Division President, Northern California. “Rowan provides the living experience to match, with modern apartments, high-end finishes, outdoor amenities and thoughtfully designed common spaces that capture the essence of this spectacular region.”
Rowan residents are just minutes from dining, shopping and essentials, as well as Golden Eagle Regional Park, Red Hawk Golf and Resort, and the recreation options in Spanish Spring Canyon. Less than an hour to Lake Tahoe, with Renoto the west, Sparks has grown substantially over the past 30 years and become a popular option for residents looking to avoid the busier Reno area. Sparks is home to major tech employers, including Sierra Nevada Corp, and is the closest metropolitan area to the Tahoe-Reno Industrial Center (TRIC), home to Tesla Motors’ Gigafactory.
Situated at 6026 Golden Triangle Way, Rowan is just blocks from Vista Boulevard and Pyramid Parkway, providing easy access to both Reno and Spanish Springs. The community features covered parking and EV charging stations.
Rowan is composed of one-, two- and three-bedroom apartment homes, ranging from 694 to 1,251 square feet. Homes come equipped with keyless entries, energy-efficient HVAC systems, luxury vinyl plank flooring in kitchens and living spaces, and spa-style bathrooms. Gourmet kitchens are modeled with designer color schemes, sleek quartz countertops, stainless steel appliances and undermount sinks. Carpeted bedrooms are highlighted by spacious closets.
All Rowan residents enjoy a luxurious pool and spa courtyard, expansive 24-hour fitness center, resident clubhouse, pet spa and play area, outdoor social lounge, grill stations, gaming area, playground and bike wash station.
Rowan is Quarterra’s first Nevada community.

WINTER GARDEN, FL – Leading multifamily real estate developer Wood Partners announced the grand opening of its newest luxury residential property, Alta at Horizon West, located in Winter Garden, Florida.
The new luxury apartment project is situated on 21.6 acres near the intersection of Avalon Road and Phil Ritson Way in Horizon West, recently recognized as the third-fastest growing master-planned community in the U.S. With nearly ¼ mile of frontage on the newly four-laned Avalon Road and bounded to the west by Orlando’s Western Beltway, Alta at Horizon West offers unparalleled access to all this thriving community has to offer, including convenience to nearby Hamlin Town Center, which features an expansive roster of major retailers, local shops and leading medical facilities. Residents of Alta at Horizon West will also enjoy convenience to Orange County National Golf Center and Lodge, located directly across Avalon Road, and Walt Disney World, just 10 minutes away.
“We are thrilled to officially plant our flag in Horizon West – the epicenter of growth in Orange County over the last several years – as part of our ongoing effort to meet the diverse housing needs of Central Florida’s rapidly growing population,” said Bryan Borland, Managing Director. “We’re strong believers in the story that is unfolding along Orlando’sWestern Beltway having recently developed highly-successful communities just off the 429 in Apopka and in the City of Winter Garden, and Alta at Horizon West represents a continuation of that strategy.”
In total, Alta at Horizon West includes 348 garden-style apartment homes comprised of efficiently designed one-, two- and three-bedroom floor plans. Units feature modern, two-tone kitchen cabinetry with under-cabinet lighting, quartz countertops, brushed nickel fixtures and hardware, stainless steel appliances, electronic door locks, luxurious kitchen pendant lighting, kitchen tile backsplashes and wood-inspired plank flooring to foster a timeless and tasteful environment for residents.
The centerpiece of the community is its lavish, 10,000 square foot clubhouse, featuring a 24-hour fitness center with a dedicated yoga room and virtual trainer, a community co-working space with a coffee bar, social lounge, and game room with billiards and shuffleboard. Alta at Horizon West also offers a wide range of outdoor amenities for residents to enjoy, including a zero-entry, resort-style pool with pavilion and cabanas, a hammock garden, movie lawn, and multiple grilling stations for maximum convenience. Additionally, residents will enjoy private access to an on-site tot lot, pet park with pet washing station and monthly events hosted by the community’s dedicated on-site team.

DALLAS, TX – Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers, Inc. (NYSE: TOL), the nation s leading builder of luxury homes, and joint venture partner Pondmoon Capital USA, announced the groundbreaking of Mirra, a new five-story, 285-unit luxury mid-rise rental community totaling more than 330,000 square feet in the rapidly growing city of Frisco, Texas. Mirra is being financed through a $49.5 million construction loan facility from Santander Bank N.A.
A groundbreaking celebration at the construction site this week was attended by senior executives from Toll Brothers Apartment Living and Pondmoon Capital USA, local officials, as well as members of the media. Mirra is expected to be completed in 2024.
We are excited to bring even more luxury rental units to the rapidly growing and sought-after city of Frisco, Texas, which is known for its small-town charm, lively entertainment options, and overall great quality of life, said John McCullough, President of Toll Brothers Apartment Living. Mirra will offer residents thoughtfully designed apartments that exude the best in luxury living, with the region s best shopping and dining just steps away at Frisco Square.
Mirra will feature high-end luxury finishes and a best-in-class amenity package, including a leasing lounge and bar, a social mailroom, a resident clubroom, a billiards lounge, a coworking area, an expansive fully-equipped fitness center, a resort-style pool, an outdoor lounge with gaming and grills, and bike lounge. Mirra also includes parking for 435 vehicles, including a structured parking garage with EV (electric vehicle) charging stations.
Featuring studio, one- and two-bedroom floor plans, residences will include granite countertops with tile backsplash, stainless steel appliances, designer custom cabinetry, wood-style LVT flooring in living areas, plush carpeting in bedrooms, oversized closets, and smart home features. Private balconies and terraces, as well as private yards, will be offered in select residences.
We are excited to break ground on another Class A residential development with Pondmoon as part of our growing national partnership, said Tommy Rhodus, Managing Director of Toll Brothers Apartment Living. With distinction found in every detail, Mirra will offer the perfect balance of lifestyle and luxury that s thoughtfully curated, crafted without compromise, and situated in an exceptional community surrounded by top schools, restaurants, shopping, and endless fun.
Located at 8320 Church Street on a 2.96-acre lot in Frisco Square, the community will be ideally positioned at the intersection of Church and Oglethorpe Streets, adjacent to the Dallas North Tollway, which is a major thoroughfare providing direct access to large employment corridors including Frisco Square, Legacy Business Park, Granite Business Park, the new PGA of America headquarters, Legacy West, Hall Park, and The Star, which is located within the $5 Billion Mile. DFW International Airport, Dallas Love Field Airport, and the city of Dallas are easily accessible by car. Mirra residents will also benefit from outstanding walkability to an abundance of restaurants, retail, and entertainment options at Frisco Square, including a Cinemark movie theater, a public library, and MLS franchise FC Dallas soccer stadium. Mirra is also adjacent to Frisco s City Hall and Medical City Frisco hospital.
It s sheer joy to commence yet another great development with Toll Brothers, said Patrick Chen, CEO of Pondmoon. The growth of our multifamily portfolio in the Sunbelt markets, such as Frisco, is based on our firm belief in the economic and population growth of the region. The recent announcement of the upcoming Universal Studios to the north of Mirra is another example of Frisco s growth momentum. With the strong partnership between Pondmoon and Toll, we have every confidence that Mirra will be a rewarding success.
Mirra is adjacent to Remy and Kilby, two additional communities developed by Toll Brothers Apartment Living with other partners. Remy, a five-story, 357-unit multifamily rental community in Frisco, broke ground in February 2022 and is anticipated to open this fall. Kilby, another Frisco community, was completed in 2021 and consists of 258 luxury units. This news follows Toll Brothers announcement in October 2022 of its plans to build various luxury rental communities in major markets across the country as part of a $1.9B partnership with Equity Residential.

NEWPORT NEWS, VA – Community Preservation Partners (CPP), a mission-driven affordable housing preservation developer, announced that it has closed on City Line Apartments. This marks CPP s third of similar building renovations in the state of Virginia.
Built in 1979, with its last renovation almost 20 years ago, the property will receive improvements in all 200 units, including new kitchen and bathroom appliances, new luxury vinyl plank (LVP) flooring and new HVAC units. The building will also undergo a complete roof replacement. Shared spaces will be renovated with a new computer room and community library. Expansive exterior renovations are planned, including the addition of a new playground, an outdoor fitness center, basketball court, BBQ area and community garden.
This development is vital to the Newport News area, which is lacking in affordable options for working class and Section 8 housing residents, said Anand Kannan, President at CPP. This purchase and renovation will extend the affordability of the property s 200 units for years to come.
With sustainability top of mind, the project will meet a Home Energy Rating System of 80 (HERS80 rating) after the renovation.
We believe that improving housing is the first step in transforming the lives of community members, said Seth Gellis, Senior Vice President at CPP. This is an existing tax credit community that will have a fresh 30-year affordability agreement on it due to this renovation. We are excited that City Line Apartments will continue to be rented to tenants who are at, or under, 50% of the area s median income.
The project s Land Use Restrictive Agreement (LURA) will be in place for 30 years. The Housing Assistance Payments (HAP) contract was set to expire in 2025, but with the renovation the project will earn a new 20-year HAP contract. The project is part of the Low-Income Housing Tax Credit (LIHTC) program. Permanent financing will be provided by Redstone and the equity investor is PNC Bank.
CPP s total development investment is expected to be approximately $57 million, with a purchase price of $30.1 million. Renovation costs are estimated at $55,000 per unit.
Construction is expected to last for 12 months and be completed in December 2023. CPP is working to ensure that impact on residents will be as minimal as possible. Paragon Construction is the General Contractor, with Ebersoldt + Associates serving as the architect.

CHARLOTTE, NC – Nationally recognized Crescent Communities celebrated the groundbreaking celebration for what will be Charlotte s most transformative master-planned development in over 20 years: The River District. The project will include more than 5,000 homes and apartments as well as hotels, retirement units, and 8 million square feet of commercial space. Spanning 1,400 acres including more than 500 acres of preserved land, The River District is nestled between the Catawba River and Charlotte Douglas International Airport and will bring a long-term wave of economic vitality to West Charlotte. At completion, the project is expected to generate over $5.6B of gross annual economic impact for the region and state.
The groundbreaking ceremony commemorated key construction milestones with representatives from Crescent Communities, the City of Charlotte and the State of North Carolina. This first series of milestones includes delivering major utility and roadway infrastructure for The River District s first mixed use development, Westrow. This area will feature a range of residential offerings including apartments, townhomes and single-family residential lots as well as small retail spaces, restaurants, event space, and office space, all with immediate proximity to trails, parks, an event lawn, and a two-acre working farm. Crescent s NOVEL brand will anchor Westrow with 514 market-rate apartments as well as 124 mixed-income units in partnership with Charlotte-based affordable housing developer Laurel Street Residential. Crescent Communities is proud to donate land to Laurel Street to achieve a diverse mix of housing and incomes and foster an inclusive community throughout The River District.
The River District will uniquely infuse energy into Charlotte s robust housing and lifestyle market, building on years of tremendous growth and demand for a truly mixed-use ecosystem that blends the built environment with natural environment, said Chase Kerley, Managing Director at Crescent Communities. The River District s location along the Catawba River, Charlotte s only major body of water, will provide urban amenities and public access to the riverfront that has not previously been available to Charlotte. The community s full spectrum of residential and commercial spaces and proximity to major thoroughfares and the Charlotte Douglas International Airport makes The River District an exceptional location for families and businesses to thrive. By offering an organic blend of urban life and proximity to nature, The River District will truly provide a lasting legacy for the region.
Crescent Communities is excited to celebrate this incredible milestone for The River District and the market-changing impact it will have on the greater Charlotte community, said Brendan Pierce, President of Commercial for Crescent Communities. The River District will show our commitment to creating a dynamic and sustainable community for future residents, office tenants, retail owners, and visitors alike. We believe in this project and our team is dedicated to ensuring it not just lives up to the vision, but also delivers what our city needs to continue to grow and evolve.
Underscoring this ongoing commitment to stewardship through environmental, community, wellness, and resiliency initiatives, Crescent Communities is developing an action plan aligned with the One Planet Living sustainability framework for The River District. This plan will set goals in support of equity, circularity, responsible transit, health, and a reduced carbon footprint. Developers around the world use the One Planet Living framework to inform sustainable development, but The River District represents the first community in the Southeast US to use this tool.
Participants in Wednesday s groundbreaking ceremony included partners from Crescent Communities as well as officials from the City of Charlotte, with remarks by Tracy Dodson, Assistant City Manager and Economic Development Director for the City of Charlotte, and Chris Chung, CEO of the Economic Development Partnership of North Carolina.
The River District will add to the character of Charlotte and the west side through a decade long public private partnership to deliver an intentionally designed, master planned development, said Tracy Dodson, Assistant City Manager, City of Charlotte. Our partnership with Crescent Communities will leverage our investment to contribute to City Council s renewed commitment to helping residents access affordable places to live, good jobs, and reliable transportation.

PALO ALTO, CA – HOMMA Group, Inc., a hybridized technology developer, designer and builder of turnkey smart homes, announced a partnership with Mitsubishi Corporation’s real estate investment subsidiary, Diamond Realty Investments (DRI). HOMMA develops proprietary technology for homes – blended with modern architecture and design, and sourced quality materials – to create harmonious living experiences.
Partner companies and builders like these can leverage HOMMA’s Cornerstone AI (Architectural Intelligence) platform to seamlessly embed smart technology into their projects – and as a centralized management tool for installed devices and services when units are occupied.
In this initial joint development project, HOMMA and DRI are working with builder Alamo Manhattan to bring HOMMA’s aesthetics and living experience to 30 rental units in the new Willamette Tower currently under construction in the South Waterfront District of Portland. These units will feature an adaptive lighting system, integrated connected door locks, and smart thermostats.
“The collaboration between DRI and HOMMA is a proof-of-concept within the emerging smart-home market that has been challenged with delivering ubiquitous solutions to an exponentially growing ‘do-it-for-me’ segment demanding ease-of-use and simplicity. DRI gains the most advanced platform for delivering pre-built smart technology and the benefits of modern living to residents – today. HOMMA Group gains a one-to-many partner that will be a key driver in our mission to quickly expand into urban markets undergoing major growth. We look forward to continuing to work with DRI and to exploring the many other opportunities for growth and collaboration,” said Takeshi (Ted) Homma, HOMMA founder and CEO.

BALTIMORE, MD – National multifamily real estate development leader Wood Partners announced the official groundbreaking of its newest luxury property, The Quill by Alta, in South Baltimore’s Federal Hill district. The forthcoming community serves as phase two of the already successful Alta Federal Hill project, which Wood Partners debuted in October 2021. With construction on the project already underway, the community is set to open in 2024 with pre-leasing to begin in the first half of next year.
Located just north of I-95’s Hanover Street exit at 1900 S Hanover Steet, the site sits at the gateway for anyone exiting or entering the city from Federal Hill and into the Inner Harbor. The Quill by Alta’s prime location provides residents immediate access to South Baltimore’s expansive roster of shopping, dining and entertainment venues including Cross Street Market, the Baltimore Peninsula, Camden Yards, M&T Bank Stadium, and the recently opened Top Golf Baltimore.
Future residents will benefit from a quick commute to many of Baltimore’s top employers, such as Johns Hopkins University and Hospital, Under Armour, Exelon, and T Rowe Price, all within minutes of the property. Additionally, The Quill by Alta’s access to I-95 allows residents the ability to live in an urban environment, while easily commuting to other major employment nodes outside of the city, including Fort Meade, Columbia, MD, Bethesda, MD, and Washington, DC.
“As our third project in the Baltimore area, The Quill by Alta perfectly encapsulates Wood Partners’ continued mission of developing properties that successfully cater to the needs of our future residents while also supporting the ongoing growth and progress of the surrounding community,” said Scott Zimmerly, Executive Managing Director for Wood Partners. “As the second phase of Wood Partners’ Alta Federal Hill project, we designed The Quill by Alta to continue the success we’ve already experienced in Baltimore by providing premier access to the area’s renowned dining and entertainment attractions, as well as commuting options in and out of the city to ensure the highest level of convenience for any and all resident needs.”
The Quill by Alta will offer 270 apartment homes comprised of micro, junior, one-, two-, and three-bedroom custom designed floorplans. Each home will come complete with high-end finishes including 9-foot ceilings, designer wood-style flooring and stunning kitchens featuring quartz countertops, designer tile backsplash, stainless steel GE appliances, and soft close cabinetry. Bedrooms will offer upscale wood-style flooring leading into the spacious ensuite main bath with large format tile, shower and tub surrounds and frameless glass shower doors. Additional features will include ecobee thermostats, keyless access systems and full-sized washer and dryer sets with select homes also offering spacious walk-in closets and patios.
The Quill by Alta’s outdoor spaces will feature a resort-style pool with spacious tanning deck, an outdoor entertainment area offering multiple grilling stations, TVs, lounges and gaming area, a pet spa and bark park, and an open-air rooftop lounge with private seating and spectacular views of downtown Baltimore and the harbor. In addition, The Quill by Alta will offer 11,500 square feet of indoor amenity space, which will be home to the club area featuring hi-def TVs, lounge seating, co-working spaces and conference rooms, as well as a 24/7 fitness center with top-of-the-line Echelon and Precor workout equipment. Residents will also have access to a sports lounge complete with a bar/kitchen area, billiards table, shuffleboard and big screen TVs.

ALEXANDRIA, VA – Bonaventure, an integrated alternative asset manager focused on the development, construction, and property management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions, announced that its affiliated private REIT acquired three multifamily properties in separate UPREIT transactions.
Bonaventure furthers its footprint in Virginia and expands into Florida with the strategic off-market purchases of three properties. Within Virginia, Bonaventure s private REIT acquired Cedar Broad Apartments and East Beach Marina, 204-unit and 137-unit communities in the Richmond and Norfolk markets, respectively. In Florida, Bonaventure s REIT acquired Shadetree Apartments, a 260-unit community located in Ruskin, a submarket of the Tampa MSA.
These transactions demonstrate our ability to continually source and close on attractive opportunities that meet our strict investment criteria, said Dwight Dunton, Bonaventure s CEO and Founder. As a well-capitalized, cycle-tested investor, we pride ourselves on serving as a reliable transaction partner and our ability to steadily expand our footprint in our target markets.
Dunton continued, UPREIT transactions like these continue to serve an important purpose for property owners who are seeking long-term tax efficient compounding growth and greater after-tax returns. As a company, we will continue to pursue acquisition and development opportunities where we believe we can achieve the best risk-adjusted returns.
Details on the three multifamily communities, which were sourced through Bonaventure s extensive network of relationships, can be found below:
Cedar Broad Apartments: Constructed in 2011, the mid-rise apartment community is well located in the Shockoe Bottom district. It features one-, two-, and three-bedroom units as well as a breakfast/coffee concierge, a rooftop terrace with full kitchen, an electric vehicle charging station, covered parking, fully equipped gym and more.
East Beach Marina Apartments: Built in 2015, the Chesapeake Bay waterfront apartment community is located in the East Beach submarket and offers one- and two-bedroom units with modern open floor plans and high-end features and a wealth of outdoor amenities to complement its waterfront positioning.
Shadetree Apartments: Constructed in 2019, the garden-style apartment community offers one, two, and three-bedroom units. Top-of-the-line amenities include expansive windows, private entertaining cabanas, a clubhouse with state-of-the-art fitness equipment, a swimming pool and sauna.

NORWALK, CT – Toll Brothers, the nation s leading builder of luxury homes, through its Toll Brothers Apartment Living rental division, and Harris Realty Company have announced a new joint venture to develop Piper, a six-story, 393-unit multifamily rental community in Norwalk, Conn. The project is being financed through a $136 million construction loan facility from Wells Fargo N.A. as agent and TD Bank. The equity and debt were arranged by Toll Brothers in-house Finance Department.
The community will consist of 393 rental apartments, including 356 market-rate and 37 affordable units, as well as a 589-space parking garage that will include EV (electric vehicle) charging stations. The apartment units will feature high-end luxury finishes and a best-in-class amenity package, including a state-of-the-art fitness center and pool, rooftop deck, coworking spaces, library and wine room, high-end demo kitchen and dining room, a clubroom, and an indoor pet run and spa.
Piper is located at the intersection of West Avenue and Orchard Street, about one mile from the South Norwalk Metro Station, which provides convenient train access to New York City. This growing and dynamic corner of Norwalk is immediately adjacent to notable sites such as Mathews Park, featuring tennis courts, playgrounds, and two museums, and The SoNo Collection, a recently completed upscale mall. The South Norwalk neighborhood, located nearby, provides residents with an excellent variety of restaurants, bars, cafés, bakeries, and craft breweries. This vibrant thoroughfare is undergoing rapid growth and investment and offers a prime location catering to neighborhood residents and visitors alike. Piper will include nearly 24,000 square feet of ground-floor retail, with flexibility for multiple uses, ranging from a single-tenant market to multiple boutiques, restaurants, or cafes.
John McCullough, President of Toll Brothers Apartment Living, said, As our second project to break ground in the economically dynamic southeastern Connecticut corridor, following Julius, our 356-unit community in Stamford, we are excited to add Piper to our growing portfolio of luxury rental communities across the northeast. Piper will elevate the level of luxury available among the residential rental offerings in Norwalk and introduce the same extraordinary living experience that we are known for nationwide.
Fred Cooper, Senior Vice President, Finance and Investor Relations for Toll Brothers, said, We are pleased to be teaming with Harris Realty to undertake this unique project. We appreciate the support and value of our long-time relationships with Wells Fargo and TD Bank which have shown their confidence to provide us this $136 million construction loan in this challenging environment. Piper is Toll Brothers fourth project being built in Opportunity Zones across the U.S. We are looking forward to developing this dynamic community.
Marvin Strauss, Executive Vice President of Harris Realty, said Harris Realty is grateful to have been given the opportunity to partner with Toll Brothers in this project. Toll Brothers quality home building skills and reputation align with our standard for excellence.