Toll Brothers JV Opens Luxury Community in Connecticut
This is the developer's second project in the state.
A joint venture between Toll Brothers Apartment Living and Harris Realty Company has opened Piper, a 393-unit luxury apartment community located in Norwalk, Conn. The property also includes ground-floor retail space.
Built in 2023, the eight-story community includes a mix of studio, one-, two- and three-bedroom units. It is the developer’s second multifamily community in the state. Toll Brothers developed Piper with the aid of a $136 million loan originated from Wells Fargo Bank in 2023, according to Yardi Matrix.
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Amenities at Piper include a pool, rooftop deck, coworking lounge, private dining room and library. The building also includes garage parking with electric vehicle charging stations, along with a bike repair and gear room.
Located at 467 West Ave., Piper is within walking distance of The Block, a mixed-use development featuring dining and retail options. The property is also within two miles of the South Norwalk Metro-North station, as well as Interstate 95.
Recent Toll Brothers activity
Toll Brothers has opened or begun development on several multifamily communities in recent months. In September 2024, the company began receiving residents at Julius, a 356-unit luxury community in nearby Stamford, Conn.
In July, the company obtained a $57 million construction loan from TD Bank for construction of The Airedale, a 348-unit luxury community in Charlotte, N.C. That project is a joint venture with International Capital.
In June, the firm opened Mirra, another luxury community comprised of 285 units in Frisco, Texas. Toll Brothers partnered with Pondmoon Capital USA on the project.
