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Toll Brothers breaks ground on luxury multifamily rental community in Washington, D.C.
Toll Brothers Apartment Living®, the rental subsidiary of Toll Brothers, and joint venture partner CrossHarbor Capital Partners, has broken ground on Vermeer, a 13-story, 501-unit multifamily rental and mixed-use community in Washington, D.C.
Vermeer is anticipated to open in 2024.
“We are excited to add Vermeer to our growing portfolio of luxury rental communities in Washington, D.C.,” said Michael Skena, mid-Atlantic regional director of acquisitions and development for Toll Brothers Apartment Living. “Toll Brothers has been building homes in this market for nearly 30 years. Now, with more than 3,000 rental units completed or under development in the area, Toll Brothers Apartment Living is extending the esteemed Toll Brothers luxury brand reputation even further into this dynamic market with Vermeer.”
Located at 113 Potomac Ave. S.W., Vermeer will feature 12 stories of residential atop ground-floor retail on an approximately 1.5-acre site. The pro