Toll Brothers’ Commitment to Charlotte Housing Market Making an Impact

July 30, 2012 - PRLog -- (Charlotte, NC)  –Toll Brothers, the nation's leading builder of luxury homes , continues to have a huge impact on the Charlotte housing market. With its recent acquisition of communities in some of the most prestigious areas of Charlotte, Toll Brothers is now poised to offer home buyers some of the best home values the area has seen in recent years.  

The company recently purchased 40 golf cottage home sites in the exclusive Club at Longview community on the splendid Jack Nicklaus signature golf course. These home sites are considered some of the most sought-after golf home sites in the area. The Club at Longview is located in desirable Union County and is just minutes from shopping and entertainment, yet secluded and private.  Scheduled to open this fall, Enclave at Longview will feature golf cottages starting in the upper $500’s.
   
In addition, Toll Brothers has purchased 103 estate home sites in Bromley at Weddington, an elegant, luxury community located in picturesque Weddington.  Just 25 minutes from Uptown Charlotte, Bromley offers luxurious homes in a breathtaking setting.  Bromley at Weddington will feature designs from Toll Brothers Signature Collection starting in the mid $500’s.  It is scheduled to open in late August.

“Toll Brothers’ investment in these two communities illustrates our continued commitment to the Charlotte area and has helped spur a turnaround in the upper end housing market in the area,” said Tom Anhut, Group President of the Carolinas.   “Charlotte and its surrounding areas are once again becoming a vibrant and exciting housing market, and Toll Brothers is proud to be on the leading edge of this recovery.”

“We expect a great response from home buyers with both of these communities,” said Bob Kardos, Division President for Toll Brothers.  “Here at Toll Brothers, we are filling a niche that is still in demand in the market.  With many custom or luxury home builders falling victim to the economy of the past several years, Toll Brothers, with its financial stability, is able to provide a luxury home experience at a great value.”

“Both of these communities offer amenities, services and prime real estate, along with the convenience of being close to Uptown Charlotte, Southpark, and other areas that home buyers are looking for,” continued Kardos.  “We see our commitment fueling continued growth in the Charlotte home building market.”

Bromley Estates at Weddington will offer six Toll Brothers designs, including the Duncan, the Audubon and the Henley.  All of these homes offer four bedrooms, three-car garages, and luxurious master bedrooms.  Each design offers several exquisite exteriors that will allow home buyers to choose the look that is right for them.

The Enclave at Longview will offer an exclusive collection of luxury golf cottages. The Enclave offers pristine views of the gentle rolling golf course and wooded preserves, and is in close proximity to the Main Clubhouse and the Club Activity Center.  The initiation fee for a Social Membership will be included with a new home purchase.

In addition to the Enclave at Longview and Bromley Estates at Weddington, Toll Brothers also offers luxury homes in Bellmore Hall, Enclave at Providence and Marvin Creek in Waxhaw.  Toll Brothers sales centers and decorated model homes are open Monday through Friday from 11 a.m. to 6 p.m.; Saturday 10 a.m. to 6 p.m. and Sunday 12 p.m. to 6 p.m. For more information about Toll Brothers and its luxury communities throughout the Charlotte area, visit TollBrothers.com/NC.
 
All Toll Brothers homes are energy efficient with high performance Low-E windows, high efficiency gas furnace and air conditioning and programmable thermostats.

Mortgage rates are still low and affordability is at an all-time high.  Toll Brothers’ in-house mortgage company, TBI Mortgage, can make the home buying process easy and offers a wide variety of mortgage programs to fit most situations.
About Toll Brothers

Toll Brothers, Inc. is the nation's leading builder of luxury homes.  The Company began business 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 move-up, empty-nester, active-adult, and second-home buyers and operates nationwide.
Toll Brothers builds luxury single-family detached and attached home communities; master planned luxury residential, resort-style golf communities; and urban low-, mid-, and high-rise communities, principally on land it develops and improves.  The Company operates its own architectural, engineering, mortgage, title, land development and land sale, golf course development and management, home security, and landscape subsidiaries.  The Company also operates its own lumber distribution, and house component assembly and manufacturing operations.
Toll Brothers was ranked #1 in 2011 and 2010 in Financial Soundness, Long-term Investment, and Quality of Product/Services in FORTUNE magazine‘s annual World’s Most Admired Companies survey in the home building category. The Company is also honored to have won the three most coveted awards in the home building industry: America’s Best Builder, the National Housing Quality Award, and National Builder of the Year. Toll Brothers proudly supports the communities in which it builds; among other philanthropic pursuits, the Company sponsors the Toll Brothers - Metropolitan Opera International Radio Network, bringing opera to neighborhoods throughout the world. For more information, visit TollBrothers.com.
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