November 16, 2024 5:52 pm
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Toll Brothers moves forward on 800-acre Surprise community

Toll Brothers has 14 model homes under construction at Sterling Grove in Surprise. / Joel Chadwick / Phoenix Business Journal

Development is part of expansive master-planned community in the northwest Valley

By Angela Gonzales | Phoenix Business Journal

Toll Brothers Inc. is moving dirt in Surprise for an 800-acre community it has named Sterling Grove.

Construction of 14 model homes can be seen by drivers on Loop 303 in the West Valley, said Bob Flaherty, Arizona division president for Horsham, Pennsylvania-based Toll Brothers (NYSE: TOL).

The company will invest about $250 million to develop Sterling Grove, Flaherty said, which is within the 3,200-acre Prasada master-planned community being developed by a partnership composed of Salt Lake City-based Suburban Land Reserve Inc., Macerich Development, WDP Partners and RED Development. That entire community is on both sides of Loop 303, between Greenway Road and Peoria Avenue.

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