DALLAS, TX – Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers, the nation leading builder of luxury homes, and Equity Residential an S&P 500 company focused on the acquisition, development, and management of residential rental properties located in and around dynamic cities, celebrated the groundbreaking of three new luxury rental communities totaling 1,053 units in the Dallas-Fort Worth metropolitan area.
Lyle, Remy, and The Settler represent the first three joint ventures in North Texas under the strategic relationship that Toll Brothers and Equity Residential established in 2021. The three communities join the continued expansion of Toll Brothers Apartment Living in Texas, with future communities in the state plotted for Austin and Houston.
Hosted at the construction site of Lyle in Dallas, the October 27 groundbreaking celebration was attended by senior executives from Toll Brothers Apartment Living and Equity Residential, and members of the media.
We are excited to break ground on our first three Class A residential development projects in Texas as part of our new partnership with Equity Residential. Through our continued successful partnership, we look forward to providing thoughtfully designed and uniquely elevated apartment homes, said Charles Elliott, President of Toll Brothers Apartment Living. These communities are located in some of the most vibrant and desirable neighborhoods of the Dallas-Fort Worth market, offering the perfect blend of lifestyle and luxury with everything a resident would need and want right outside their doorstep.
The three new communities currently under construction in North Texas include:
Lyle, a five-tale, 334-unit multifamily rental community in Dallas. Located at the intersection of Trinity Mills and Addison Road, and adjacent to the Dallas North Tollway, the site offers fantastic access to several employment hubs including the Galleria Dallas, Legacy Business Park, Granite Business Park, Las Colinas, CityLine, Hall Park, and The Star, which is located within the $5 Billion Mile. The project is being financed through a construction loan facility from Santander Bank, N.A. Lyle broke ground in August 2022 and is anticipated to open in spring 2024.
Remy, a five-tale, 357-unit multifamily rental community in the vibrant Frisco Town Center in the Dallas suburb of Frisco. The site is located at the intersection of Gordon and Church Streets and along Frisco s North Platinum Corridor, a Development Center on the Dallas North Tollway. Residents will benefit from walkability to an abundance of restaurants, retail, and entertainment options, including a Cinemark movie theater, a free public library, and MLS franchise FC Dallas soccer stadium. It is also located adjacent to Frisco s City Hall and Medical City Frisco hospital. The project is being financed through a construction loan facility from Santander Bank, N.A. Remy broke ground in February 2022 and is anticipated to open in Fall 2023.
The Settler, a four-tale, 362-unit multifamily rental community in Fort Worth. Located in the heart of Fort Worth s River District, the site is in proximity to Fort Worth s Central Business District, Cultural, and Medical districts, and the historic Fort Worth Stock Yards. With a sky lounge overlooking downtown Fort Worth, the community is surrounded by Trinity River s scenic hiking and biking trails, various museums, The Fort Worth Botanical Garden, the Fort Worth Zoo, and just north of PGA Tour Host Colonial Country Club. The project is being financed through a construction loan facility from U.S. Bank. The Settler broke ground in June 2022 and is anticipated to open in early 2024.
All three communities will feature high-end luxury finishes and residents will delight in best-in-class amenity packages, including resort-style pools, co-working spaces, state-of-the-art fitness centers, and more.
Dallas-Fort Worth is a dynamic market with a growing population of the affluent renter demographic that we are interested in capturing. We are expanding our presence in the market and believe that these properties will make brilliant additions to our existing portfolio there, said Benjamin Stoll, Equity Residential s Senior Vice President of Development. We are delighted to be partnering with the highly capable team at Toll Brothers and feel that these developments are a terrific start to a strategic partnership that will be very beneficial for both Equity Residential and Toll Brothers.
Through the partnership between Toll Brothers and Equity Residential, the parties initially intend to focus on selectively acquiring and developing sites for apartment rental communities in specific metro markets, including Dallas-Fort Worth, where both parties have a significant or growing presence. Under the partnership, Equity Residential has committed to invest 75% of the equity for each selected project and Toll Brothers will invest 25%. It is expected that each project will also be financed with approximately 60% leverage. Equity Residential will have the option to buy each property upon stabilization. The parties have targeted an initial minimum co-investment of approximately $750 million in combined equity, or nearly $1.9 billion capacity, assuming 60% leverage.
These joint venture projects join a growing portfolio of Toll Brothers Apartment Living apartment communities across North Texas, including Aster, a 22-tale, 270-unit luxury high-rise in Dallas, and Ferro, a four-tale, 383-unit luxury apartment community in Plano.

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CHARLOTTE, NC – Embrey has closed on the land buy for Finley, a 343-unit multifamily community project in Charlotte, North Carolina.
The project is Embrey’s second in the Charlotte market and is in the vibrant University City submarket. The location offers future residents close access to the city center, shopping, leisure activities and to the University of North Carolina at Charlotte via the LYNX Blue Line.
“University City has a strategic vision that will continue the momentum of being a highly sought-after place to live,” said Brad Knolle, Embrey’s Executive Vice President of Development. “This project embodies Embrey’s purpose of making communities where residents delight in premium living and luxurious amenities to fit active lifestyles.”
University City is home to many recent graduates and others in the University of North Carolina at Charlotte community. Finley’s location is in the heart of the community, which is the second largest employment center in Charlotte.
Finley’s first residential units and the clubhouse are expected to be available in the third quarter of 2024, with project completion scheduled in 2025.
Amenities will include a clubhouse with a game room and a business center that includes micro-offices and a conference room. Outdoor grilling areas, an outdoor gas fireplace, and a landscaped courtyard complement a resort-style pool. The property will feature a game room with billiards and arcade games, a leading-edge fitness studio with on-demand technology, and a yoga room.
Interior finishes will feature 9-foot ceilings. High-end kitchens will feature quartz countertops, custom cabinetry with designer pulls, stainless steel appliances, undercabinet lighting and upgraded undermount sinks.

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BOSTON, MA – Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and asset manager, announced the start of construction at Harper, a mid-rise community in the Boston neighborhood of Allston, known as the city’s hub for public art and music.
Harper brings 265 apartment homes to Allston, which is named after American painter and poet Washington Allston. Fittingly, Allston is renowned for its collection of murals and unique music venues. The neighborhood historically attracted a large student demographic, due to its location at the center of Boston’s top universities, Harvard University, Massachusetts Institute of Technology (MIT), Boston College, Tufts University and Boston University. In recent years, but, the area has also become home to a diverse population of young professionals, lured by the public art and burgeoning music scene.
“Allston is perfectly positioned amid Boston’s unparalleled academic institutions. But the neighborhood has really taken on its own identity over the years,” said Dan Lee, Quarterra’s Division President for New England. “Harper residents will have simple access to everything those first-class university systems have to offer but will also be at the heart of an incredibly active and eclectic arts and entertainment scene. We’re excited to introduce a Quarterra community to this already thriving neighborhood and contribute to the vibe that makes Allston such an enviable place to live.”
Situated at 40 Rugg Road, Harper will truly be at the center of it all. Harper is also just a stone’s throw away from several sports venues: historic Fenway Park, home of the Red Sox; Warrior Ice Arena, practice facility for the Boston Bruins; Auerbach Center, practice facility for the Boston Celtics; and the Track at New Balance multisport complex. Other local cultural opportunities include the Museum of Fine Arts, the Honan-Allston Branch of the Boston Public Library and the annual Allston Village Street Honest. Residents will also delight in nearby Magazine Beach, Ringer Playground, Artesani Wading Pool and Spray Deck, Arsenal Community Park and Skate Park, Penniman Road Play Area, and Mansfield Street Dog Park.
Harper is within walking distance of Allston’s retail, dining and nightlife district along Harvard Avenue and Cambridge Street. The Allston Yards mixed-use development, with 50,000 square feet of retail and a new, 67,000 flagship Stop & Shop grocery store, is only a quarter mile away. Less than half mile away, the mixed-use Boston Landing development features 25 shops and restaurants. Major employers in the Boston Landing campus include the New Balance headquarters, WGBH-TV, Proteostasis Therapeutics, Roche Diagnostics and Mass Innovation Labs. Harper is also a small commute from Longwood Medical Area and the athenahealth headquarters.
The Boston Landing MBTA Commuter Rail station is in close proximity to the community, providing direct access to Boston’s Yawkey (Longwood), Back Bay and South Station along the Framingham/Worcester line. The train accesses most entertainment and commercial hubs – including Fenway and the financial district – in less than 15 minutes. Additionally, Harper is located half a mile from the Harvard Avenue Station of the MBTA Green light rail station. The community will also have brilliant highway connectivity, with the Mass Pike (I-90) just a quarter mile down Cambridge Street, and Boston’s other major thoroughfares just minutes away.
At Harper, residents will choose from studio, one- and two-bedroom apartment homes, ranging from 450 to 1,120 square feet, including eight designated artist studio units. Homes will be appointed with stainless steel appliances, quartz countertops, wood-inspired flooring throughout, keyless entries, under-cabinet lighting and movable islands in select floor plans.
The community, which has been designed to achieve LEED Gold certification, will be highlighted by two rooftop decks, 11,000 square feet of landscaped green space, interactive streetscapes and 2,500 square feet of ground-floor retail space. Harper residents will have access to a club room with a fireplace lounge, a fitness studio with flex space, co-working spaces with a private conference room, an artist studio, dog run and pet spa, bike storage rooms and a fully automated parking garage.

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