Bruce and Robert Toll built their first subdivision in rural Pennsylvania in 1967. The company has since built luxury suburban and retirement communities in 19 states, and the Toll family is worth $1.3B.
While the firm’s bread-and-butter has been suburban development, the publicly traded company has subsidiaries in engineering, marketing, golf courses, architecture, mortgaging and landscaping. Toll Brothers City Living also develops residential and mixed-use projects in major urban areas. Among its most prominent projects is Pierhouse, a condo and hotel development overlooking New York Harbor in Brooklyn Bridge Park. The project is a joint venture with Starwood Capital Group, and was part of a public-private partnership. — Scott Klocksin