Toll Brothers, through its Toll Brothers Apartment Living rental division, and Cross Harbor Capital Partners have announced a new joint venture to develop 777 Summer, a 355-unit multifamily rental community in Stamford, Conn. The project, which will be the first development of Toll Brothers Apartment Living in Connecticut, is being financed through a $94 million construction loan facility from Capital One, N.A. as agent and Comerica Bank. The debt was arranged by Toll Brothers’ in-house finance department, with JLL advising on the equity financing.
777 Summer will be located in the epicenter of the rapidly developing Stamford downtown and within walking distance to the Stamford Transportation Center, providing convenient connectivity to Midtown Manhattan and major Connecticut employment hubs such as New Haven, Hartford and Greenwich via Metro-North Railroad and Amtrak, as well as close proximity to I-95. The location is adjacent to “Restaurant Row” on Bedford Street, pr
