Toll Brothers Apartment Living has partnered with Willton Investment Management to develop Lumara, a 456-unit luxury community in Phoenix. According to Multihousingnews.com, the project’s financing includes an $86 million construction loan from Santander Bank N.A., arranged by the development team.
The team consists of Biltform Architecture Group as well as landscape architect Collaborative V Design Studio Inc. and civil engineer Hubbard Engineering. Lumara is expected to be completed in early 2025.
This four-story property spans over 13.5 acres and offers common-area amenities such as a swimming pool, rooftop terrace, virtual sport simulator, business conference room, and ample parking with EV charging stations.
Located at 25255 N.19th Ave., within the Deer Valley submarket near Taiwan Semiconductor’s multi-billion plant site,Toll Brothers’ latest development will add another luxurious option for residents in this thriving area.
According to Yardi Matrix data,Toll Brothers currently owns two multifamily properties that are already completed in this market,and four others are under various stages of development.When all six communities are finished,the total number of units will exceed2 ,150.Turn your dream home into reality today!
