By Christine Serlin | Multifamily Executive
Toll Brothers Apartment Living, the rental subsidiary of national home builder Toll Brothers, has delivered another 403 luxury multifamily homes to the Phoenix market. This marks the developer’s third multifamily community in the market, which continues to see strong job and population growth.
Developed with joint-venture partner The Davis Cos., Callia offers market-rate studio, one-, two-, and three-bedroom apartments as well as nine live-work units. Construction began in 2021, with resident move-ins starting in October 2022. The community was financed with a construction loan facility from Pinnacle Financial Partners and Trustmark.
“We’re thrilled to open another exceptional luxury community in Midtown Phoenix. This community serves the most discerning residents who seek the luxury living experience for which Toll Brothers is already well known here and nationwide,” said John McCullough, president of Toll Brothers Apartment Living. “Phoenix has seen significant employer growth, which has been the catalyst for bringing in transformative developments. The market continues to see tremendous population growth, attracting renters and home buyers alike.”
