Toll Brothers announces groundbreaking for Willis Brook at Lynnfield, a luxury 55+ community in Massachusetts, opening summer 2025.
Quiver AI Summary
Toll Brothers, Inc., a leading builder of luxury homes, held a groundbreaking ceremony for its new community, Willis Brook at Lynnfield, in Massachusetts on January 2, 2025. This 55+ active adult community will feature 66 single-family homes and a clubhouse, located conveniently across from the Sagamore Springs Golf Club. Sales are expected to begin in the summer of 2025, with homes offering features like gourmet kitchens and spacious living areas. The company has experienced significant interest in this development and anticipates providing high-quality home designs in this desirable location.
Potential Positives
- Toll Brothers has successfully broken ground on its newest luxury home community, Willis Brook at Lynnfield, indicating a positive expansion of its market presence in Massachusetts.
- The community will feature 66 single-family homes with luxury amenities, catering to the growing demand for high-quality active adult living spaces.
- The opening of Willis Brook is expected in summer 2025, generating anticipation and interest from potential homebuyers.
- Toll Brothers continues to receive recognition for excellence in the industry, having been named one of Fortune's Most Admired Companies for ten consecutive years, enhancing its reputation and credibility.
Potential Negatives
- The announcement does not provide specific details on pricing or projected sales performance for the new community, which may create uncertainty among potential buyers.
- The press release may not address any potential environmental concerns related to the development, which could lead to community pushback or regulatory hurdles.
- The lack of any mention of sustainability initiatives or eco-friendly building practices could be viewed negatively in a market increasingly focused on environmental responsibility.
FAQ
What is the location of Willis Brook at Lynnfield?
Willis Brook at Lynnfield is located at 1301 Main Street, Lynnfield, Massachusetts.
When will home sales begin at Willis Brook?
Home sales at Willis Brook are expected to open in summer 2025.
What types of homes will be available at Willis Brook?
The community will feature 66 single-family homes with various designs and distinctive features.
Is there a clubhouse at Willis Brook?
Yes, Willis Brook will have an exclusive community clubhouse for residents.
Who is the developer of Willis Brook at Lynnfield?
Toll Brothers, Inc. is the developer of the Willis Brook at Lynnfield community.
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 359 institutional investors add shares of $TOL stock to their portfolio, and 309 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
LYNNFIELD, Mass., Jan. 03, 2025 (GLOBE NEWSWIRE) --
Toll Brothers, Inc.
(NYSE:TOL), the nation's leading builder of luxury homes, today announced the highly anticipated groundbreaking at its newest luxury home community, Willis Brook at Lynnfield, located in Lynnfield, Massachusetts. The groundbreaking ceremony was held on Thursday, January 2 together with officials and residents of the town of Lynnfield. The community, located at 1301 Main Street, is expected to open for sales in summer 2025.
Known for its luxury 55+ active adult communities across the state, Toll Brothers has designed its Willis Brook at Lynnfield community to feature 66 single family homes along with an exclusive community clubhouse for residents. The community is ideally situated across from the Sagamore Springs Golf Club.
Homebuyers will have a choice of home designs with an array of distinctive features, including gourmet kitchens, spacious living areas, and private first-floor primary bedroom suites.
"We are excited to celebrate the groundbreaking of this highly anticipated new home community together with the town of Lynnfield," said James Fitzpatrick, Group President of Toll Brothers in Massachusetts. "We have seen incredible interest from homebuyers in this community, and we look forward to bringing our home designs to this exceptional location."
For more information on Willis Brook at Lynnfield and other Toll Brothers communities in Massachusetts, visit
TollBrothers.com/MA
or call 866-232-1632.
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
A photo accompanying this announcement is available at
Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)
