# Toll Brothers and Brookfield Residential Launch Joint Venture Community in Washington

- URL: https://stocks.freetheai.org/news/toll-brothers-and-brookfield-residential-launch-joint-venture-community-in-360774
- Published: 2026-10-14T18:36:00Z
- Category: company_news; sentiment: neutral; impact: low
- Symbols: [NYSE:TOL](https://stocks.freetheai.org/symbols/NYSE-TOL)
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Toll Brothers, Inc. (NYSE:TOL) has partnered with Brookfield Residential on a joint venture master-planned community called LakePointe in Covington, Washington. Located about 35 minutes from downtown Seattle in King County, the development will feature single-family homes and townhomes built by Toll Brothers in a lakeside setting.

The project expands Toll Brothers' presence in the Pacific Northwest market. Site preparation is currently underway, and the community will include six distinct home collections ranging from 1,204 to 2,878 square feet. The neighborhood is designed around parks, trails, and future retail development, with a major road connection to Highway 18 scheduled to open later this year to improve regional transit links.

Home sales at LakePointe are projected to start in mid-2027. Investors and homebuyers will monitor construction progress and regional demand for suburban luxury housing ahead of the launch. Shares of Toll Brothers were trading at $129.60, down 2.34% on the day of the announcement.

## Key points

- Toll Brothers, Inc. (NYSE:TOL) and Brookfield Residential announced a joint venture community, LakePointe, in Covington, Washington.
- The development will offer single-family homes and townhomes ranging from 1,204 to 2,878 square feet.
- Site work is currently underway, with sales anticipated to begin in mid-2027.
- LakePointe Boulevard will connect to Highway 18 later this year, providing direct access to Seattle and regional hubs.

## Questions and answers

### When will sales begin at the LakePointe community in Covington?

Home sales at the LakePointe master-planned community are expected to begin in mid-2027, with site work already underway.

### What types of homes will Toll Brothers build at LakePointe?

Toll Brothers will offer six collections of homes, including two- to four-bedroom townhomes and three- to six-bedroom single-family homes ranging from 1,204 to 2,878 square feet.

### Where is the new LakePointe development located?

LakePointe is located at 25430 200th Lane SE in Covington, Washington, approximately 35 minutes from downtown Seattle in King County.