Toll Brothers Apartment Living, the rental division of Toll Brothers, Inc., the nation’s leading builder of luxury homes, announced the signing of Gold’s Gym as its first retail tenant at Vermeer, a luxury mixed-use multifamily community located at 113 Potomac Avenue SW in Washington, D.C.
The deal was brokered by Jared Meier and Taylor Hayes of CBRE and Edwin M. Clark, III, of Newmark Group, and the project’s joint venture partner, CrossHarbor Capital Partners, was integral to the process.
Founded in 1965, Gold’s Gym is an international chain of fitness centers offering state-of-the-art strength and cardio training, exercise classes, and personal training. The location at Vermeer will offer over 3,000 square feet of turf with extensive functional training equipment, nationally certified personal trainers, a wide variety of strength and cardio training equipment including 10 lifting platforms, Therabody recovery products, and luxury locker rooms with infrared saunas.
“We are excited to welcome Gold’s Gym as our first retail partner at Vermeer, which will be an anchor for the dynamic street-level experience we envision along Potomac Avenue,” said Michael Skena, Managing Director of Toll Brothers Apartment Living in the Mid-Atlantic region. “Toll Brothers Apartment Living is committed to best-in-class retail partnerships that help to create communities at the intersection of home and life. We look forward to working with Gold’s Gym – DC Metro to create a fitness destination for all residents of the Buzzard Point and greater Capitol Riverfront neighborhoods.”
Vermeer will provide its residents and the surrounding neighborhood with a diverse mix of retailers to strengthen the offerings of this rapidly developing area. Its prime location is at the intersection of two growing neighborhoods that connect residents to restaurants, shopping, entertainment venues, two major league sports stadiums, and the amenities and activities of the riverfront.
“Buzzard Point and the Capitol Riverfront Business Improvement District offer tremendous opportunity for businesses in D.C.,” said Matthew Anderson, Director of Development and Construction for Toll Brothers Apartment Living in the Mid-Atlantic region. “With Vermeer’s luxury multifamily residences and Gold’s Gym’s renowned fitness offerings, we expect to make a significant positive impact on the development of this neighborhood.”
Construction on Vermeer began in late 2022. The 13-story building will include 11 stories of modern residences and expansive amenities at the penthouse level, all above the ground-floor retail space. The curated amenity offerings will include a refined resident lounge and game room, a penthouse-level fitness center, a rooftop pool and terraces, a private dining room, tech savvy co-working spaces, and two courtyards. The rooftop will provide breathtaking 360-degree views of Washington, D.C., including the Capitol Building, Audi Field (home to D.C. United, the Washington Spirit, and the D.C. Defenders), Nationals Park (home to the Washington Nationals), the Anacostia and Potomac Rivers, and the Frederick Douglass Memorial Bridge.
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, 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.
