FORT WASHINGTON, PA — Toll Brothers, Inc. (NYSE: TOL) has partnered with Daiwa House to create Vista Pointe, a luxury condominium community situated in the New York City metro area. Located on the Hudson River waterfront in West New York, New Jersey, Vista Pointe will offer residents unobstructed views of the Manhattan skyline.
This nine-story development will feature 73 upscale units at 8 Avenue at Port Imperial. Toll Brothers will serve as both the managing member and development leader, overseeing the project’s design, construction, and sales. The venture has secured an acquisition and construction loan through Bank OZK, facilitated by Toll Brothers’ internal finance team.
David Von Spreckelsen, President of Toll Brothers City Living, expressed enthusiasm for the project: “We are thrilled to embark on a new partnership with Daiwa House to develop this incredible community on the Hudson River waterfront directly across from New York City. Vista Pointe represents a rare opportunity to build a luxury waterfront community with outstanding amenities and unparalleled views of Manhattan.” The project will include one-, two-, three-, and four-bedroom residences, ranging from 988 to 2,235 square feet.
Residents will enjoy 11,000 square feet of indoor amenities such as a 24-hour staffed lobby, a residents’ lounge with a dining room and catering kitchen, a fitness center, a game room, and a children’s playroom. Outdoor features will include a patio with an infinity pool.