Toll Brothers Inc. is set to move forward with the construction of the Reserve at Chester Springs, a residential community with 61 single-family houses in Downingtown, Pennsylvania.
The developer plans to begin selling the houses this September, roughly two years after it received approval for the project. The project will rise at 380 Little Conestoga Road. Houses will range from 3,100 to more than 4,200 square feet.
This comes on the heels of Toll recently closing on the acquisition of a 7.8-acre property at 381 Little Conestoga Road from the Frame family, according to Chester County records. The property, a field bound by Little Conestoga on one side and the Pennsylvania Turnpike on the other, traded for $3.77 million.
The property at 381 Little Conestoga along with 380 Little Conestoga Road and 55 Green Valley Road make up a larger 100-acre tract that that the Frame family sold and became part of Toll's (NYSE: TOL) overall plans.
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