Toll Brothers bought a 29-acre manure composting site in Royersford with plans to build 54 single-family homes. The property at 248 Rittenhouse Road, a mile-and-a-half east of Route 422, was purchased for $3.1 million. The developer has begun site work at the location that will be named Hearthfield. Toll expects homes in the development to open for sale in early 2025. Toll Brothers is busy in Montgomery County. The developer is building 496 homes as part of the Regency at Waterside development in Ambler, 278 homes in the Stonebrook at Upper Merion development in King of Prussia, and 142 townhomes in The Village at Valley Forge, also in King of Prussia.
Source: Philadelphia Business Journal; 6/9/2024