Toll Brothers has acquired 22 acres in East Brandywine Township with plans to build 89 townhomes, further expanding the company’s presence in the Philadelphia suburbs. The Fort Washington-based homebuilder paid $6.23 million for the parcels at 1130 and 1136 Horseshoe Pike, according to property records. Toll bought the land, which is located two miles from Route 30 and Downingtown Middle School, from ELU Planebrook Guthriesville LLC. The builder plans to begin site improvements in the coming weeks for a townhome community called Stonemill Village. John Dean, Pennsylvania and Delaware division president for Toll Brothers, said in a statement that the company expects to begin selling the homes in spring 2025.
Source: Philadelphia Business Journal; 4/22/2024