Toll Brothers JV Opens Phoenix Community
The project is the developer’s third in the growing metro.
Toll Brothers Apartment Living is growing its multifamily presence in the Phoenix metro with the opening of 403-unit community Callia. Along with joint venture partner The Davis Cos., the firm began construction on the project in 2021. The property plans to welcome its first residents in October 2022.
The joint venture tapped Biltform to design Callia, while Streetsense handled the community’s branding and interior design. Toll Brothers also secured a construction loan facility from Pinnacle Financial Partners and Trustmark to back the community’s development.
The four-story apartment project has studio, one-, two- and three-bedroom units, nine of which are live-work units. The units were built with oak-style flooring, smart home tech and private balconies. Certain premium units have double bathroom vanities, soaking tubs, stand-up showers and oversized closets.
Community amenities include a hospitality lounge, wellness lobby, sun lounge, package room, fitness center, gaming lounge, dog park, rooftop lounge, coworking spaces, bicycle storage and two pools. Residents also get access to 624 parking spaces with tuck-under garages and electric vehicle charging stations.
Located on a 8.2-acre site at the intersection of Indian School Road and Central Avenue, Callia is near the city’s Valley Metro light rail stop. The community also has more than 1,100 square feet of ground-floor retail space with a covered patio and on-site short-term parking with frontage on Central Avenue.
Fourth Phoenix community on the way
Callia marks the developer’s third multifamily community in the Phoenix market. Toll Brothers previously built the 323-unit Haverly, which marked its entry into the Phoenix market, in November 2022. After that, the firm completed a student housing community near Arizona State University called Canvas in 2021. Toll Brothers is working on the 313-unit Henri project in downtown Phoenix alongside joint venture partner EJF Capital.
While Toll Brothers has already developed nearly 8,900 units, the firm has a development pipeline of more than 17,500 units. Toll Brothers’ development plans include a 393-unit luxury community in Norwalk, Conn. that it will be constructing alongside Harris Realty Co.