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PRINCETON JUNCTION, NJ -The New Jersey Supreme Court unanimously affirmed earlier rulings by lower courts and granted Huntingdon Valley, PA-based Toll Brothers, Inc. the right to proceed with the Estates at Princeton Junction. The residential community will consist of 130 townhouses, 635 multifamily rental units and 400 single-family homes on 290 acres in Princeton Junction, NJ, which is minutes from the Philadelphia, New York, Washington, DC rail corridor.

The nine-year court battle was between Toll Brothers and the property’s neighboring township of West Windsor, NJ, which raised objections over land-use, traffic, supporting infrastructure.

Toll Brothers will break ground by year-end and open in early 2003, according to a statement.

Expressing frustration over the delay, Robert I. Toll, chairman and chief executive officer, says, “the length of time and cost of gaining approvals for this community, although extraordinary, highlight the difficulty in bringing new lots to market in many parts of the US. The reality is that only the largest builders, with the expertise, capital and stamina to persevere can bring projects of this scale to fruition. The result is a shortage of available home sites, despite rising demand, which translates into rising home prices.

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