Toll Brothers Inc. have recently bought 180 acres in Katy, Texas, which is the first and largest raw land contract for this national home-builder since they entered the Houston market in 2009.
This latest property will be called Silver Oak, and luxury home builders Toll Brothers intend to build 305 homes, with building predicted to begin at the end of the year.
Karl Mistry, Houston Division Vice President says "I am thrilled about the acquisition of this premier land opportunity in Katy and all the other communities we have recently opened. This reflects how interested we are in securing luxury sites locally to boost future growth in the Houston Division."
Toll Brothers have successfully purchased lot options in several communities since first entering the Houston market 18 months ago. The communities include Player Vista at Stirling Ridge in The Woodlands, Creekside at West Branch in Friendswood and Vintage Lakes in Houston. The company is also building luxury home communities in San Antonio and Dallas.
Toll Brothers first opened the business in 1967 and became a public company in 1986 with common stock listed on the New York stock exchange under TOL. This luxury developer builds single-family detached and attached home communities, master planned luxury residential homes, and resort style golf communities and is active nationwide. It also built urban low, mid and high rise communities. The type of people who buy Toll Brothers homes tend to be empty nesters, active adults or second home buyers.
The company has won three of the most prestigious awards in the home building industry which are the National Housing Quality Award, National Builder of the Year and America's Best Builder. Toll Brothers supports the communities in which it builds, and philanthropic interests include the Toll Brothers Metropolitan Opera International Radio Network which brings opera to neighborhoods throughout the world.