The 334-unit luxury multifamily community is the company’s third to open in Dallas
DALLAS, June 27, 2024 – Toll Brothers Apartment Living, the rental division of Toll Brothers, Inc. (NYSE: TOL), the nation’s leading builder of luxury homes, in partnership with Equity Residential, is pleased to announce the opening of Lyle. Located at 17727 Addison Road in Dallas, Texas, this new community features 334 apartment residences and an immersive collection of amenities and offers convenient access to exciting destinations in Dallas and beyond. Lyle’s construction, financed by a $55.6 million construction loan from Santander Bank, N.A., commenced in 2022.
Lyle’s apartment homes were crafted to create a serene, chic retreat and include a mix of spacious studio, one-, two-, and three-bedroom floor plans. The residences are replete with sophisticated features and finishes, including kitchens with quartz countertops and tile backsplashes, modern flat panel cabinetry, and hardwood-style flooring in the living areas. Residents will find homes designed to exceed their expectations, with features including custom roller shade window treatments and oversized closets with built-in storage and shelving. In addition, each apartment home is outfitted with smart home technology, including keyless entry and smart thermostats. Select residences also include private balconies, terraces, or fenced-in yards.
Lyle’s upscale amenities include options for both social gatherings and individual pursuits. Outdoor spaces include a luxury resort-style pool with sundeck and a courtyard with lounge seating, ping pong, and lawn games. The sky lounge with connecting outdoor terrace offers an entertainment kitchen, lounge seating, and expansive city views. Residents can support their active lifestyles with Lyle’s fitness center, with state-of-the-art strength and cardio equipment as well as flex studios. An immersive coworking lounge, featuring a Starbucks Serenade coffee bar, provides residents with both private options as well as conference room space. The community was constructed to meet LEED Gold certification standards, and the parking garage includes EV charging stations.
“We are thrilled to open our newest luxury community in Dallas with Equity Residential,” said John McCullough, President of Toll Brothers Apartment Living. “The Dallas market continues to be a hub for tremendous growth, and Lyle represents our continued commitment to delivering first-class multifamily communities in highly desirable locations.”
Striking a balance between urban and suburban, Lyle is perfectly positioned with easy accessibility to the Dallas North Tollway. Residents can explore the diverse dining, shopping, and entertainment options of North Dallas, while only a short drive to the best of both downtown and the surrounding area. Lyle is located in the highly rated Plano Independent School District and boasts a WalkScore® of 71.
“Lyle’s sophisticated design offers an elevated living experience to residents, and its premier location affords easy access to both the lifestyle destinations as well as the major employment centers of Dallas and beyond,” said Tommy Rhodus, Managing Director of Toll Brothers Apartment Living in the Central region.
Lyle is one of three new communities opening in Texas this year as part of a strategic development partnership between Toll Brothers Apartment Living and Equity Residential. For more information about Lyle, visit LyleAddison.com.
