Toll brothers city living® and sculptor announce joint venture to develop urban high-rise condo communities in new york city and jersey city

Fort washington, pa., aug. 16, 2022 (globe newswire) -- toll brothers, inc. (nyse: tol) (tollbrothers.com), the nation's leading builder of luxury homes, through its toll brothers city living division, and sculptor real estate (“sculptor”), the real estate business of sculptor capital management, inc. (nyse: scu), have announced a new joint venture to develop two luxury condominium communities in the new york city market: the rockwell is a 13-story, 81-unit condominium community on the upper west side of manhattan in new york city and 151 bay street is a 34-story 259-unit condominium community in jersey city, new jersey. toll brothers is acting as managing member and development lead for each project, overseeing approvals, design, construction, and sales. these projects' debt and equity were secured by toll brothers' in-house finance department. moelis & company acted as advisor to toll brothers.
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