April 30, 2024 8:14 am
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Toll Brothers JV to develop Deer Valley luxury community

(Disclosure: Rose Law Group represents Toll Brothers.)

By Vicentiu Fusea | MultiHousing News

A joint venture of Toll Brothers Apartment Livingand Willton Investment Management has begun the development of Lumara, a 456-unit luxury community in Phoenix. Financing for the project includes an $86 million construction loan from Santander Bank N.A. The equity and debt were arranged in-house.

The development team includes Biltform Architecture Group, landscape architect Collaborative V Design Studio Inc. and civil engineer Hubbard Engineering. Lumara is set to come online in early 2025.

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