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Toll Brothers Condominium Residing® Opens Notion, New Luxurious Condominium Group in Decatur, Georgia

Toll Brothers Apartment Living® opens Notion, a new luxury apartment community in Decatur, Georgia

ATLANTA, March 02, 2023 (GLOBE NEWSWIRE) — Toll Brothers Apartment Living®, the leasing subsidiary of Toll Brothers, Inc. (NYSE: TOL), the nation’s leading luxury real estate developer, and joint venture partner Pondmoon Capital USA announced the opening of Notion, the company’s new 290-unit five- and six-story luxury condominium development in Decatur, a suburb of Atlanta. Construction of Notion, funded with a $45.7 million construction loan from Santander Bank, began in 2020 and will offer residents first occupancy in August 2022. The community’s official opening event was held today with local officials and development partners as well as current and potential residents.

“We are excited to launch another exceptional luxury community in Pondmoon Capital,” said Charles Elliott, President of Toll Brothers Apartment Living. “The Atlanta market continues to experience tremendous employer and population growth, attracting renters and homebuyers alike, as well as significant investment thanks to its excellent quality of life and dynamic economy.”

Notion was designed by Dwell Design Studio and is set on nearly 8 acres. The luxurious, mid-size condominium includes a mix of studio, one-, and two-bedroom floor plans. The community also has a 417-space structured parking facility that includes EV (electric vehicle) charging stations and storage solutions for residents. The community is part of a larger mixed-use development anchored by a Publix grocery store in Sam’s Crossing Village, along with 12,000 square feet of retail space in a row.

“Notion will be a great addition to this Decatur neighborhood, offering an upscale suburban living experience with the amenities of city living and easy access to major work centers and downtown Atlanta,” said Will Chappell, regional director for development and construction at South East of Toll Brothers Apartment Living. “With Decatur’s charming tree-lined streets, boutique shops and trendy restaurants just steps away, residents will love making Notion their home.”

Notion features over 8,000 square feet of indoor and outdoor facilities, including a hospitality lobby and lounge, Luxer® lockers and an oversized parcel room, a mail lounge with a complimentary coffee bar and meeting room, a fitness center with state-of-the-art state-of-the-art cardio and strength training with an on-demand gym with Wellbeats®, a resident billiards lounge with booths and bar seating, a show kitchen, a resort-style pool with cabanas, courtyard lounges with lawn games and grills, a pet park, and a Paw spa, self-service bike shop and storage, and community-wide WiFi.

The residences feature wood-style floors in the living areas, bedrooms with plush textured carpet, quartz countertops and kitchen splashbacks with designer tiles, Whirlpool® stainless steel appliances, soft-close drawers and doors, designer lighting, large walk-in closets and smart home features such as keyless entry Latched access and smart thermostats. Select residences also include large soaking tubs, walk-in showers, and private balconies.

Notion was designed to meet the requirements of the National Green Building Standards, which provide a blueprint for the design and construction of new and renovated single-family and multi-family homes. The standards focus on the sustainability of energy, water, resources, property development, operations and maintenance, and the quality of the indoor environment. Notion introduces multiple sustainability features, Energy Star appliances, water-saving plumbing fixtures, and sensor-controlled common area lighting.

“Notion is a continuation of our rewarding partnership with Toll Brothers Apartment Living across the country,” said Patrick Chen, CEO of Pondmoon Capital USA. “We’re proud to help make quality residential communities available in high-demand neighborhoods like Decatur, and we’re confident this will mark another success in our expanding multifamily portfolio in the Sun Belt markets.”

The Notion is located at 125 North Arcadia Avenue, a five-minute walk from the Avondale MARTA station, which offers easy train access to Buckhead, downtown Decatur and downtown Atlanta. Decatur is close to major healthcare and university employers including Emory University and Emory Healthcare, the Centers for Disease Control, the Veterans Administration Medical Center and the Children’s Hospital of Atlanta. Atlanta’s easily accessible Midtown and Downtown neighborhoods offer numerous additional employment opportunities, including Fortune 500 companies such as Delta Air Lines, The Home Depot, UPS and the Coca-Cola Company.

Notion is the third community and newest project that Toll Brothers Apartment Living has implemented in the Atlanta market, following Oleander and Osprey, both of which sold in 2021.

For more information about Notion, visit LiveYourNotion.com.

ABOUT TOLL BROTHERS APARTMENT LIVING®

Toll Brothers Apartment Living is the residential division of Toll Brothers, Inc. (NYSE: TOL), an award-winning Fortune 500 company and the nation’s leading luxury home builder. Toll Brothers Apartment Living offers the same quality, luxury and service that Toll Brothers is known for for its exceptional rental and mixed-use communities in select markets including Atlanta, Boston, Dallas, Los Angeles, New York, Philadelphia, Phoenix and Beyond Washington, DC Toll Brothers Apartment Living communities combine the energy of vibrant locations with unparalleled amenities, resident services, design and the expertise of America’s Luxury Home Builder®. In 2022, NMHC Toll Brothers ranked Apartment Living the 11th largest apartment developer in the United States. The company has developed nearly 8,900 units, manages nearly 5,000 units and controls a national pipeline of more than 17,500 units. Visit TollBrothersApartmentLiving.com for more information.

ABOUT TOLL BROTHERS

Toll Brothers, Inc., a Fortune 500 company, is the nation’s leading manufacturer of luxury real estate. The company was founded 56 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol “TOL”. The company serves first-time buyers, up-and-coming movers, empty-skin buyers, active adults and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia and Washington and the District of Columbia. The Company operates its own subsidiaries in the areas of architecture, engineering, mortgages, titles, property development, golf course development, smart home technology and landscaping. The company also runs its own lumber sales, assembly of house components and production plants.

Toll Brothers was named #1 Home Builder in Fortune of the World’s Most Admired Companies® magazine’s 2023 survey, the eighth year of being so honored. Toll Brothers was also named Builder of the Year by Builder Magazine and is the first two-time recipients of Builder of the Year by Professional Builder Magazine. Visit TollBrothers.com for more information.

©2023 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with Toll Brothers and do not endorse Toll Brothers products or services.

ABOUT PONDMOON CAPITAL USA

Founded in 2014, Pondmoon Capital USA, formerly known as JD Capital USA, is a private investment manager. Pondmoon Capital focuses primarily on investments in rental residential development in major metropolitan areas in the United States, including New York City, Washington DC, Chicago, Minneapolis, Atlanta, Dallas, San Francisco and Los Angeles. The Company’s total investment consists of over 3,500 apartment or hotel units and over two million square feet of apartment and retail space. Visit Pondmoon.com for more information.

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Broadcast by Toll Brothers via Regional Globe Newswire (TOLL-REG)

  • Toll Brothers Apartment Living® opens Notion, a new luxury apartment community in Decatur, Georgia

Andrew L. Gagliano Toll Brothers Apartment Living (202) 808-2489 agagliano@tollbrothers.com

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