05:17 PM EDT, 07/02/2025 (MT Newswires) -- Toll Brothers ( TOL ) and Gables Residential said Wednesday that they are starting a new joint venture to develop Gables Angeline.

The project consists of a four-story, multifamily rental community spanning 331,498 square feet in Littleton, Colorado, that will feature 243 units and 1,200 square feet of retail space, according to the companies.

The companies said they will finance the project with a $57 million construction loan facility from JPMorgan Chase ( JPM ) .