Toll Brothers, Inc., has contracted to acquire 387 lots at Anthem Ranch, the premier active-adult community in the metro Denver market, the company announced. This represents Toll Brothers' expansion of its active-adult Active Living brand to the western United States.
Anthem Ranch is a 1,700-home, 800-acre active-adult community in Broomfield, Colo. It is part of the larger master plan known as Anthem Colorado, in which nearly 1,400 homes have been built since its opening in 2006.
Amenities at Anthem Ranch include the 32,000-square-foot Aspen Lodge Community and Recreation Center, a 90-acre park, an outdoor amphitheater, picnic pavilion, multiple fishing lakes, and fishing pier. Located just 20 minutes from both downtown Denver and Boulder, Colo., and 25 minutes from Denver International Airport, Anthem boasts extraordinary Rocky Mountain views and more than 48 miles of walking and hiking trails intermingled among 735 acres of preserved open space, making it the ideal place for active-adult living.
Neighborhoods in the community where Toll Brothers is building will be identified as "Anthem Ranch by Toll Brothers." Toll Brothers plans to offer 12 to 15 different floor plans ranging in size from 1,500 to over 3,000 square feet with base home prices from the low $300,000s to the upper $400,000s. Through Toll Brothers' unique customization system, buyers will be able to extensively customize their homes with a tremendous variety of structural and designer options to enhance their lifestyles. The company expects to open for sale in May 2013 with the grand opening of its model home park in January 2014.
Douglas C. Yearley, Jr., Toll Brothers' CEO, stated: "We are very excited to be bringing Toll Brothers' Active Living brand to Anthem Ranch and the American West. Since 1999, when we entered the active-adult market, we have completed or have in development over 50 active adult communities totaling nearly 10,000 homes in 10 East Coast and mid-western states. Today we have become the premier luxury brand in the 55+ buyer market. As waves of baby boomers continue to enter their 55+ years, we are expanding our Active Living brand across the nation."
Jeff Handlin of Oread Capital, which along with partner Wheelock Street Capital acquired Anthem in 2011 from Del Webb, the original developer, stated: "Our goal has always been to maintain Anthem Ranch's standing as the No. 1 active-adult community in Colorado. Bringing a builder of the quality and stature of Toll Brothers to our community only enhances the appeal of Anthem Ranch to discerning, active-adult home buyers. Named Builder of the Year in 2012 by Professional Builder magazine, Toll Brothers is the only builder to have won the award twice."
Charles W. Bowie, Toll Brothers' division president for Colorado, stated: "Having built move-up and empty-nester homes in the metro Denver market for over a decade, we believe Anthem Ranch is the ideal location for us to introduce our Active Living brand in the western United States. We are thrilled to have closed on our first neighborhood and look forward to working with the Wheelock/Oread team to bring our beautiful homes to this magnificent community."