Toll Brothers Apartment Living, the multifamily division of single-family home builder Toll Brothers, broke ground on two new projects in the Phoenix metro area earlier this month: Navona, a 400-unit development in Mesa, Arizona, and Lumara, a 456-unit property in Phoenix. These join two other projects — Henri and Maza — to make a total of 1,317 units in the developer’s Phoenix pipeline.
Phoenix has long been a booming market for new housing, with over 20,000 new units expected to deliver in 2023 alone, and employment opportunities, particularly in tech. In addition to the TSMC plant, employers near the new developments include Intel, Meta, Amazon and Apple.
Toll has three existing properties in the Phoenix market. Callia and Haverly opened in midtown Phoenix in 2022, and Canvas in Tempe, Arizona, opened in 2021 and was sold to Tempe-based student housing manager University Partners in 2022.