Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers, Inc., the nation’s leading builder of luxury homes, along with joint venture partner PGIM, announced the grand opening of The Laurent, a new seven-story, 525-unit luxury mid-rise multifamily community in Cambridge, Massachusetts.
Construction of The Laurent was financed through a $142 million construction loan facility from Wells Fargo Bank, N.A as Admin Agent, and BNY Mellon, and first occupancy began in October 2023. The community’s grand opening celebration was held last week, including a ribbon cutting event with local officials and development partners, as well as a reception for current and prospective residents.
“The Laurent represents our commitment to bringing luxury living to vibrant locations positioned for growth,” said John McCullough, President of Toll Brothers Apartment Living. “Together with our partners at PGIM, we have set a new standard of apartment living in Cambridge while expanding our footprint in the Boston area.”
“The Laurent offers an unparalleled living experience, blending modern conveniences with the charm of Cambridge,” said Will Adams, Regional Director of Acquisitions and Development for Toll Brothers Apartment Living in New England. “Residents will appreciate the thoughtful design and high-end finishes throughout the community, as well as the close proximity to all that Boston has to offer.”
The Laurent features a diverse mix of studio, one-bedroom, two-bedroom, and three-bedroom apartments, along with townhomes. Each residence at The Laurent is designed with luxury in mind, featuring Caesarstone quartz countertops, hardwood-style flooring, stainless steel appliances, smart home technology, and floor-to-ceiling windows. Select residences offer balconies or patios and views of Boston.
Located at 55 Wheeler Street, The Laurent is just a ten-minute walk from Alewife Station, providing easy access to Kendall Square, Davis Square, and downtown Boston. The
Toll Brothers, Inc. (NYSE: TOL), a Fortune 500 Company, is the nation’s leading builder of luxury homes. The Company was founded 57 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol “TOL.” The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, insurance, smart home technology, and landscape subsidiaries. The Company also develops master-planned and golf course communities as well as operates its own lumber distribution, house component assembly, and manufacturing operations.
