Fort Washington-based Toll Brothers paid $8.2 million for a 42-acre site in Perkiomenville. The parcel, acquired from Provident Trust Group, is on Little Road and Route 29 behind a row of existing single-family homes. Toll Brothers plans to build 43 single-family homes on the land and expects to start selling homes next fall. It’s the latest in a series of Toll Brothers acquisitions across the Philadelphia suburbs, including: 17 acres in Sellersville, Bucks County, for townhomes; 55 “estate homes” on a 57-acre site in Collegeville, Montgomery County; and the opening of sales in a 280-townhome development in Malvern, Chester County.
Source: Philadelphia Business Journal; 12/3/2024