Toll Brothers has launched Hearthfield, a new 54-home luxury community in Collegeville, writes Paul Schwedelson for Philadelphia Business Journal.
The new community is on a 29-acre site formerly occupied by Two Particular Acres farm, designed with every home on a cul-de-sac. It features residences ranging from 3,029 to 3,672 square feet with four to five bedrooms, 3.5 to 5.5 bathrooms, basements, flexible living spaces, and two-car garages.
Homes in Hearthfield start in the mid-$900,000 range, with a sales center and model home located at 304 Grayson Court, Collegeville, about 1.5 miles from Route 422. Toll Brothers acquired the property from Edward and Gail Foley for $3.1 million, according to county records.
The Fort Washington-based homebuilder remains highly active in Montgomery County, with additional projects including Regency at Waterside, Stonebrook at Upper Merion, Charterfield Landing, and Bellflower.
Toll Brothers had a record-breaking 2024, generating $10.6 billion in home sales revenue, with an average home price of $977,000. The company delivered 10,813 homes, a 13% increase from the prior year, fueled by high demand for new construction amid a tight resale market.
Despite national expansion, Toll Brothers continues to focus on the Greater Philadelphia region, with several new developments in the pipeline.
Read more about Toll Brothers in the Philadelphia Business Journal.
