Toll Brothers recently acquired 37 acres of undeveloped land in Upper Southampton Township for $7.2 million, where it plans to build 115 active-adult carriage homes, writes Paul Schwedelson for the Philadelphia Business Journal.
The development, located at 984 Second St. Pike across from Tamanend Community Park and aimed at people ages 55 and older, will be part of Toll Brothers’ Regency collection. The construction is expected to start this summer.
However this is not the Fort Washington-based luxury homebuilder’s only project in Bucks County. Toll Brothers is working on a 55-plus development named Regency at Rockhill Ridge, with home prices expected to start in the high $500,000 range. The housing development company purchased a 17-acre site in Sellersville for $5.3 million for the project…