Developer and national homebuilder Robert Toll of Toll Brothers discusses his company's decision to expand its homebuilding from the suburbs into high density urban development.
In an interview with Michael Corkery, developer Robert Toll of Toll Brothers comments on the company's expansion to urban high density development; market demand for inner-city housing; current slowing of the housing market; and his perceptions of Americans' attitudes.
"Robert Toll stands on the rooftop of a 21-story condominium tower his company is developing in Manhattan's trendy Union Square area. "That's not a bad view," he says.
The project illustrates a shift in strategy for Toll Brothers Inc. and a shift in attitude for many of its affluent customers. Long known for building minimansions in the suburbs, the company Toll co-founded with his brother Bruce in 1967 is the first publicly traded national homebuilder to develop housing in Manhattan. It's also developing condos in Queens, Brooklyn and nearby Hoboken, N.J"
FULL STORY: Toll Brothers expand into Urban Markets
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