The Real Deal New York

Toll Brothers, JPMorgan team up on $157M Harrison luxury tower

January 24, 2019 08:47AM

Home construction giant Toll Brothers and J.P. Morgan Asset Management have formed a joint venture to develop a 421-unit luxury apartment building in Harrison, according to GlobeSt. Toll Brothers broke ground on the $157 million project, known as the Carraway, after acquiring and demolishing a three-story office building on the property in August 2017. The joint venture has now secured a $102 million construction loan split between Wells Fargo, National Association and Capital One to complete the Carraway. The Real Deal reported last year that Toll Brothers was one of several national developers flocking to Westchester. [GlobeSt]