This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Toll Brothers Announces Development Of River Parc, A Luxury Rental Apartment Community In Washington, D.C.

HORSHAM, Pa., Nov. 21, 2013 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL) ( ), the nation's leading builder of luxury homes, through its Toll Brothers Apartment Living® subsidiary, announced today they have commenced construction of River Parc, a 287-unit luxury rental apartment project located in the Capitol Riverfront area of Washington, D.C. While Toll Brothers has a long history of development in surrounding areas, River Parc is Toll Brothers' first project in Washington, D.C.
River Parc EPR

The site at 1011 1 st Street SE is located in the vibrant Capitol Riverfront area, just a one-block walk from the Navy Yard Metro station on the Green Line, and two blocks north of Nationals Park baseball stadium. It is less than 10 minutes by Metro to the major city hubs including Capitol Hill, L'Enfant Plaza, and Gallery Place. The project, which will include a 179-space below-grade parking garage, is within walking distance of attractions such as Yards Park, the Anacostia Riverwalk Trail, Boilermaker Shops, Capitol Hill, a soon-to-open Harris Teeter Supermarket and other conveniences.

Toll Brothers Apartment Living® will oversee the building's marketing, leasing and property management. Toll Brothers City Living will oversee development with Tishman Construction Company as general contractor. The project, a joint venture, is being financed through a construction loan facility from PNC Bank, National Association.

"We're extremely excited to be launching the Toll Brothers Apartment Living brand in the Nation's capital," said Charles Elliott, Managing Director of Toll Brothers Apartment Living. "River Parc is sure to be a great addition to the wonderful Capitol Riverfront neighborhood."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.99 0.00%
FB $102.01 0.00%
GOOG $682.40 0.00%
TSLA $151.04 0.00%
YHOO $27.04 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs