Toll Brothers Announces Upcoming Franklin Ridge Luxury Home Community in Franklin, Tennessee

Toll Brothers announces Franklin Ridge, a luxury home community in Franklin, Tennessee, featuring 34 spacious home sites.

Quiver AI Summary

Toll Brothers, Inc. has announced the upcoming development of Franklin Ridge, a new luxury home community in Franklin, Tennessee, set to begin construction in summer 2025. The project will feature 34 spacious single-family home sites with views of Ropers Knob, offering homes with 4 to 5 bedrooms and up to 4,350 square feet of living space, starting at approximately $1.5 million. Home buyers will have the option to choose from three different home designs with unique exterior styles. The community is conveniently located near shopping, dining, and recreational opportunities, with access to quality schools in the Williamson County and Franklin Special School Districts. Toll Brothers aims to provide exceptional luxury living tailored to discerning buyers as they introduce their first community in Franklin.

Potential Positives

Announcement of Franklin Ridge, a new luxury home community, expands Toll Brothers' footprint in the Nashville area, tapping into a growing market.
Construction of the model home and Sales Center to begin in summer 2025, indicating strong future revenue potential as sales are expected to commence later in the year.
Franklin Ridge will feature 34 spacious single-family home sites designed with modern buyers in mind, catering to demand for luxury living.
Community's proximity to major highways and the Cool Springs area enhances appeal, promoting convenience and accessibility for potential homeowners.

Potential Negatives

High starting price of homes at $1.5 million may limit potential buyer interest, especially in a competitive real estate market.
Construction timeline for the model home and sales center starting in summer 2025 may mean a lengthy wait for prospective buyers, potentially affecting initial sales momentum.
The market may face increased competition from other luxury home builders, particularly with multiple upcoming communities planned in the Nashville area.

FAQ

What is Franklin Ridge?

Franklin Ridge is a new luxury home community coming soon to Franklin, Tennessee, featuring 34 spacious home sites.

When will construction and sales begin?

Construction of the model home and Sales Center will start in summer 2025, with sales expected to commence later that year.

What home designs are available at Franklin Ridge?

Prospective homeowners can choose from three stunning home designs, each with three distinct exterior options.

What are the prices for homes in Franklin Ridge?

Homes in Franklin Ridge are anticipated to be priced from $1.5 million, offering up to 4,350 square feet of living space.

What amenities are near Franklin Ridge?

Residents will enjoy easy access to shopping, dining, arts, entertainment, and excellent educational opportunities in the surrounding area.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$TOL Insider Trading Activity

$TOL insiders have traded $TOL stock on the open market 20 times in the past 6 months. Of those trades, 0 have been purchases and 20 have been sales.

Here’s a breakdown of recent trading of $TOL stock by insiders over the last 6 months:

CHRISTINE GARVEY has traded it 2 times. They made 0 purchases and 2 sales, selling 225 shares.
MARTIN P. CONNOR (Chief Financial Officer) has traded it 7 times. They made 0 purchases and 7 sales, selling 63,813 shares.
PAUL E SHAPIRO sold 3,837 shares.
DOUGLAS C. JR. YEARLEY (Chief Executive Officer) has traded it 7 times. They made 0 purchases and 7 sales, selling 212,584 shares.
JOHN A MCLEAN sold 1,000 shares.
ROBERT PARAHUS (President & COO) sold 6,900 shares.
WENDELL E. PRITCHETT sold 3,000 shares.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$TOL Hedge Fund Activity

We have seen 360 institutional investors add shares of $TOL stock to their portfolio, and 309 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

PACER ADVISORS, INC. removed 2,071,992 shares (-98.9%) from their portfolio in Q3 2024
FMR LLC added 1,046,758 shares (+97.7%) to their portfolio in Q3 2024
JPMORGAN CHASE & CO removed 821,081 shares (-46.8%) from their portfolio in Q3 2024
POINT72 ASSET MANAGEMENT, L.P. removed 796,068 shares (-82.6%) from their portfolio in Q3 2024
WESTFIELD CAPITAL MANAGEMENT CO LP added 722,130 shares (+inf%) to their portfolio in Q3 2024
DIMENSIONAL FUND ADVISORS LP removed 697,184 shares (-25.8%) from their portfolio in Q3 2024
BLACKROCK, INC. added 665,465 shares (+5.2%) to their portfolio in Q3 2024

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Full Release

FRANKLIN, Tenn., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, today announced Franklin Ridge, a highly anticipated new Nashville-area community, is coming soon to Franklin, Tennessee. Construction of the model home and Sales Center will begin in summer 2025, with sales expected to commence later in the year.

Conveniently located near the McEwen Interstate 65 interchange, Franklin Ridge will feature 34 spacious single-family home sites with breathtaking views of Ropers Knob. The new Toll Brothers luxury homes in Franklin Ridge will feature 4 to 5 bedrooms and offer up to 4,350 square feet of living space. Homes are anticipated to be priced from $1.5 million. Prospective homeowners will select from three stunning home designs, each offered with three distinct exterior designs. Homes in Franklin Ridge will be built with the unparalleled quality, craftsmanship, and value for which Toll Brothers is renowned.

“With thoughtfully designed floor plans that cater to the needs of today’s discerning buyers, and an array of personalization options available, Toll Brothers will provide the ultimate in luxury living in Franklin,” said Jordan Hartigan, Division President of Toll Brothers in Tennessee. “We are thrilled to introduce our first community in Franklin and look forward to continue building exceptional homes in this remarkable city in the Nashville area.”

Franklin Ridge residents will enjoy easy access to a wide array of shopping, dining, and all that the Cool Springs area offers. Franklin is also rich in the arts, entertainment, and recreational opportunities, making it a vibrant place to live. The community is also served by the highly regarded Williamson County and Franklin Special School Districts, ensuring excellent educational opportunities for families.

With major highways, including Interstate 65, just moments away, residents will appreciate convenient connections to Brentwood, Downtown Nashville, and the entire South Nashville corridor.

Toll Brothers’ portfolio of new home communities in the greater Nashville area includes Toll Brothers at The Nations in Nashville, Tomlinson Pointe in Mt. Juliet, and upcoming communities Meadowlark in Murfreesboro, which is set to open in early 2025, and Toll Brothers at August Park in Spring Hill, scheduled for a spring 2025 opening.

For more information on Franklin Ridge and other Toll Brothers communities in the Nashville area, prospective home buyers can call (855) 949-8655 or visit TollBrothers.com/TN .

About Toll Brothers

Toll Brothers, Inc., a Fortune 500 Company, is the nation’s leading builder of luxury homes. The Company was founded 58 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol “TOL.” The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, smart home technology, and landscape subsidiaries. The Company also develops master-planned and golf course communities as well as operates its own lumber distribution, house component assembly, and manufacturing operations.

In 2024, Toll Brothers marked 10 years in a row being named to the Fortune World’s Most Admired Companies™ list and the Company’s Chairman and CEO Douglas C. Yearley, Jr. was named one of 25 Top CEOs by Barron’s magazine. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit TollBrothers.com .

Contact: Andrea Meck | Toll Brothers, Senior Director, Public Relations & Social Media | 215-938-8169 | [email protected]

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/704c18b2-daf2-46ad-bff6-5b0f9b2accb8

https://www.globenewswire.com/NewsRoom/AttachmentNg/bf6c81eb-0fcc-46c3-973b-9c4957a3c702

Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)