Toll Brothers Acquires West Chelsea Development Site

Toll Brothers, through its Toll Brothers City Living division, has purchased a development site in West Chelsea, Manhattan, for $45 million, aiming to build a 240,000-square-foot condo building with 105 units and commercial space.

Why it matters. Toll Brothers is expanding its luxury housing projects in Manhattan, affecting the local real estate market and potentially increasing housing options for high-end buyers.