Pursuits
Toll Brothers Buys Manhattan Condominium Land for $35.5 Million
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Toll Brothers Inc., the largest U.S. luxury homebuilder, bid $35.5 million to win a bankruptcy auction for a vacant lot in Manhattan’s Gramercy Park area, where it plans to build a condominium tower.
The company plans to develop about 80 condos with ground-floor retail on the site at East 22nd Street and Third Avenue, said David Von Spreckelsen, president of the Horsham, Pennsylvania-based builder’s City Living division.