FORT WASHINGTON, PA — Toll Brothers, Inc. (NYSE: TOL) has teamed up with Gables Residential to launch Gables Angeline, a new luxury multifamily community in Littleton, Colorado. This joint venture marks Toll Brothers’ inaugural rental project in the state, signaling a strategic foray into the Denver market. The development is backed by a $57 million construction loan from JPMorgan Chase, arranged by Toll Brothers’ internal finance team.
The project will feature 243 apartment units spread across four stories, totaling 331,498 square feet. Floor plans will range from studios to three-bedroom residences, each boasting upscale finishes like quartz countertops, spacious closets, and private outdoor spaces. Optional private garages will also be available. Residents will enjoy a comprehensive amenity package, including a resort-style pool, a state-of-the-art fitness center with a rock climbing wall, a community garden, a dog park and run, an outdoor pavilion, and a putting green.
Strategic Location and Connectivity
Located at 7900 S. Platte River Parkway, Gables Angeline offers excellent connectivity to downtown Denver and major employers such as the Denver Tech Center and Lockheed Martin. The site is within walking distance of the RTD Light Rail Littleton/Mineral Station and near key thoroughfares such as C-470. Nearby attractions include the Aspen Grove shopping center and Chatfield State Park, providing residents with easy access to shopping, dining, and outdoor recreation.
John McCullough, President of Toll Brothers Apartment Living, underscored the project’s significance, describing it as a prime opportunity to deliver a high-end living experience in a rapidly growing suburban area. Charles Elliott, Chief Investment Officer of Gables Residential, emphasized the strength of the new partnership and the shared commitment to quality.
Meeting the Demand for Luxury Housing
The development reflects the ongoing demand for luxury rental housing in suburban Denver, spotlighting both companies’ strategies to expand their multifamily portfolios in high-growth markets. Gables Angeline is poised to become a landmark community, offering residents a blend of sophisticated design, premium amenities, and strategic location.
“The move represents a significant step in meeting the increasing demand for upscale living options in the Denver suburbs,” said McCullough.
This announcement comes as the Denver metropolitan area continues to experience a boom in population and economic activity, driven by its appeal to both young professionals and families seeking a vibrant yet accessible urban lifestyle. The region’s growth has spurred a surge in residential developments, with luxury apartments becoming a key component in catering to the influx of new residents.
Historical Context and Future Prospects
Historically, the Denver area has been a magnet for real estate investment due to its robust job market and quality of life. The introduction of Gables Angeline aligns with a broader trend of suburban expansion, where developers are increasingly focusing on creating communities that offer urban-like amenities in more tranquil settings.
According to real estate analysts, the partnership between Toll Brothers and Gables Residential could set a precedent for future collaborations in the region. The project’s success may encourage similar ventures, as developers seek to capitalize on the growing demand for luxury living spaces outside the traditional urban core.
Looking ahead, the completion of Gables Angeline is expected to further enhance the appeal of Littleton as a desirable residential destination. The community’s strategic location and comprehensive amenities are likely to attract a diverse demographic, from young professionals to retirees seeking a comfortable and connected lifestyle.
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