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Toll Brothers Plans Luxury Apartment Project in Phoenix

Local Investor Sells 8.2-Acre Site for $17.9 Million
The 8.2-acre site at the northwest corner of Central Avenue and Indiana School Road in Phoenix. (Cushman & Wakefield)
The 8.2-acre site at the northwest corner of Central Avenue and Indiana School Road in Phoenix. (Cushman & Wakefield)
By Thomas Ferguson
CoStar Research
January 16, 2020 | 5:33 P.M.

Toll Brothers has purchased an 8.2-acre multifamily development site in Phoenix from local full service investment firm Bayless Investment & Trading Co. for $17.9 million, or about $2.2 million per acre.

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