The Horsham, Pennsylvania-based firm announced this week that they will be developing high-end dormitories for two unidentified East Coast universities. Amenities at these upmarket student digs will include private bathrooms for every resident, film-screening rooms and gyms. The buildings will not be run by the colleges, which will give Toll Brothers more leeway in overseeing the properties.
The developments are “not the dorm living I experienced,” Toll Brothers Chief Executive Officer Douglas Yearley Jr. said in an interview at the International Builders’ Show in Las Vegas, Bloomberg reported.
The builder, most well-known for creating single-family houses in suburban areas, has gradually expanded into urban high-rises and rentals. The firm recently made two major Manhattan acquisitions — a $56.5 million buy of a 200,000-square-foot site at 76-86 King Street in Soho, and a $64 million purchase of Alexico Group’s stalled Midtown East development site on First Avenue near 53rd Street. Previous projects in New York have included One Ten Third in Union Square, 303 East 33rd in Murray Hill, Northside Piers in Williamsburg, 205 Water in Dumbo and The Touraine in the Upper East Side.
We’re eager to see which lucky university students will get to upgrade from the typical beanbag-and-mini-fridge college living experience. Perhaps Toll Brothers will take a cue from these seven crazy dorm rooms?