Naval Square by Toll Brothers Named a 2008 Grand Jury Award Winner by the Preservation Alliance for Greater Philadelphia

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Naval Square by Toll Brothers is honored to be recognized by the Preservation Alliance for Greater Philadelphia as a recipient of the 2008 Grand Jury Award for Preservation Achievement.

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We are so pleased that the Preservation Alliance has named us among the Grand Jury Award Winners for 2008

Naval Square by Toll Brothers is honored to be recognized by the Preservation Alliance for Greater Philadelphia as a recipient of the 2008 Grand Jury Award for Preservation Achievement. Chosen by a panel of industry experts, the awards recognize the efforts of organizations dedicated to the preservation of historically significant architecture and structures throughout the Philadelphia metropolitan region, South Jersey, and Delaware. The awards will be presented at the 15th Annual Anniversary Luncheon and Ceremony on May 1, 2008, at the Park Hyatt Philadelphia at the Bellevue.

“We are so pleased that the Preservation Alliance has named us among the Grand Jury Award Winners for 2008,” remarked Chuck Breder, Vice President for Toll Brothers. “Naval Square is such an extraordinary community because of its historical significance, and our team has worked very hard to help restore the site to its original grandeur. In addition, we’ve made sure that any new buildings that were added complemented the existing structures by keeping with the architectural themes and elements.”

Dating back to the early 1800s, the property once served as the original site of the U.S. Naval Home, a hospital and retirement community for sailors, marines, and other service personnel. Its buildings were designed by architect William Strickland and included a large main building, Biddle Hall, and two smaller flanking structures, the Surgeon General’s Mansion and the Governor’s Mansion, all three of which have been preserved. In 1839, the first U.S. Naval Academy was established in Biddle Hall. Today, both Biddle Hall and the Surgeon General’s Mansion have had their exteriors fully restored by Toll Brothers to house luxury residences in awe-inspiring historical settings.

“Buyers have a unique opportunity to be part of a community that combines the ultimate in luxury living with a rich historical background,” adds Mr. Breder. “Naval Square represents the perfect symbiosis of past and present, allowing residents to feel like they truly own a piece of history.”

“We have enjoyed tremendous sales success with our first three condominium buildings - Biddle Hall, Surgeon’s Residence Collection, and Strickland Court - all now completely sold out. With the recent opening of the new Pemberton Collection, a striking building of studio, 1- and 2-bedroom condominium residences, we are giving prospective buyers another opportunity to be part of this special community.”

The homes in the Pemberton Collection will offer up to 1,479 square feet of luxury living space with an impressive selection of upscale appointments and finishes including rich hardwood flooring, exquisite bath fixtures, and gourmet kitchens with sleek stainless steel appliances. Studio residences are preconstruction priced from the $200,000s, and condominiums are priced from the low $300,000s.

Residents at Naval Square enjoy access to the community’s impressive roster of amenities including on-site deeded parking, a community fitness center, a 24-hour gate attendant, and complimentary shuttle service to the Central Business District, 30th Street Station, and University City. Plans are also currently underway for a new, larger state-of-the-art fitness center with cardio and weight equipment and a sizeable outdoor pool with a sundeck.

For more information on Naval Square, please visit NavalSquare.com or call (215) 732-TOLL. To view a full list of this year’s honorees, please visit the Preservation Alliance website, PreservationAlliance.com.

Toll Brothers, Inc. is the nation's leading builder of luxury homes. The Company began business 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 move-up, empty-nester, active-adult, and second-home buyers and operates in 21 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Texas, Virginia, and West Virginia.

Toll Brothers builds luxury single-family detached and attached home communities; master planned luxury residential, resort-style golf communities; and urban low-, mid-, and high-rise communities, principally on land it develops and improves. The Company operates its own architectural, engineering, mortgage, title, land development and land sale, golf course development and management, home security, and landscape subsidiaries. The Company also operates its own lumber distribution, and house component assembly and manufacturing operations.

Toll Brothers, a Fortune 500 company, is the only publicly traded national home building company to have won all three of the industry's highest honors: America's Best Builder, the National Housing Quality Award, and National Builder of the Year. For more information, visit TollBrothers.com.

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Katie DeTurk