Fort Washington-based Toll Brothers bought 21 acres of undeveloped land near Quakertown Borough from Feasterville-based developer Trinity Realty Companies for $3.9 million. A spokesperson for Toll Brothers said site improvements are planned to begin “very soon" for the property along East Paletown Road in Richland Township. Plans submitted to the township show 38 single-family homes. The location is just over two miles from downtown Quakertown and 17 miles from Allentown. Toll Brothers has benefited from low inventory and a tight resale market, which is pushing some buyers to shift their focus to new construction homes.
Source: Philadelphia Business Journal; 10/8/2023