KB
Home (NYSE:KBH), one of the nation’s largest and most recognized
homebuilders, and Newhall Land, a premier community planner in north Los
Angeles County, today announced a land purchase agreement for a new home
community within the highly desirable master-planned development of
River Village in Valencia,
which is also known as “Awesometown.” KB Home acquired 54 finished lots
from Newhall Land for a new community called Charleston
at River Village. Model home construction is currently underway,
with plans to open this new community to home shoppers in the spring.
“Recent activity in the market and our sell-out success at other
communities in the area have proven there is a great demand for new
homes here. The exciting new product we are introducing at Charleston
reflect what our customer surveys tell us home shoppers are looking for:
bigger homes with more bedrooms, state-of-the-art energy efficiency,
higher-end options, and flexible floor plans that allow for
personalization,” said Tom DiPrima, executive vice president of KB
Home’s Southern California division. “We are pleased to once again
expand our presence in Valencia and Santa Clarita. It is truly ‘awesome’
to be part of such a flourishing and highly desirable community, thanks
to our strong relationship with Newhall Land.”
The five two-story floor plans anticipated to be offered at Charleston
at River Village include up to six bedrooms, four-and-a-half baths, and
range in size from 3,413 to 4,511 square feet. Sun rooms, first-floor
junior suites and large walk-in dual closets in the master bedroom are
just some of the Built to Order options that will be available at
Charleston at River Village.
Residents will also have access to River
Village’s exclusive amenities like recreation centers, parks, and
trails along the Santa Clarita River. Families will be served by the
highly-rated Saugus Unified School District. The community is also in
close proximity to Metrolink stations and the I-5 freeway, making for an
easy commute to major employment centers in the greater Ventura and Los
Angeles metropolitan areas.
“KB Home has been a valuable partner in making the dream of
homeownership a reality for residents wishing to live in the Valencia
Masterplan,” said Greg McWilliams, President of Newhall Land. “We hope
Charleston at River Village is one of many opportunities we will have to
once again collaborate with KB Home in the future.”
Charleston at River Village will be one of 21 Southern California
communities where KB Home includes solar power systems as a standard
feature of all its new homes. The photovoltaic systems can help KB
homeowners reduce their monthly energy bills and lower the overall cost
of homeownership.
KB homes at Charleston at River Village will include a 1.8 kW solar
power system at no additional cost to buyers. When combined with the
standard energy-conserving features KB Home already includes to make all
of its new homes ENERGY STAR® certified, the solar power homes at
Charleston at River Village could help homeowners reduce their energy
bills by up to nearly 70% when compared to a typical resale home. Home
shoppers will also have the option to upgrade to a 2.25 kW or 3.15 kW
solar power system to further increase their potential energy savings.
The community will be further distinguished from other new home
communities and resale alternatives by KB Home’s signature Built to
Order homebuying experience that allows customers to choose their home’s
lot location, its floor plan, and many of its interior and exterior
design features.
Charleston at River Village is scheduled to open in the spring. To learn
more or to join a growing interest list, visit www.kbhome.com
or call 888-KB-HOMES.
About KB Home
KB Home is one of the largest and most recognized homebuilding companies
in the United States. Since its founding in 1957, the company has built
more than half a million quality homes. KB Home's signature Built to
Order™ approach lets each buyer customize their new home from lot
location to floor plan and design features. In addition to meeting
strict ENERGY STAR® guidelines, all KB homes are highly energy efficient
to help lower monthly utility costs for homeowners, which the company
demonstrates with its proprietary KB Home Energy Performance Guide®
(EPG®). A leader in utilizing state-of-the-art sustainable building
practices, KB Home was named the #1 Green Homebuilder in the most recent
study by Calvert Investments and the #1 Homebuilder on FORTUNE
magazine's 2011 World's Most Admired Companies list. Los Angeles-based
KB Home was the first homebuilder listed on the New York Stock Exchange,
and trades under the ticker symbol "KBH." For more information about KB
Home's new home communities, call 888-KB-HOMES or visit www.kbhome.com.
About Newhall Land
Newhall Land is a premier community planner in north Los Angeles County.
Its primary activities are planning the communities of Valencia and
Newhall Ranch, which together form one of the nation’s most valuable
landholdings, just 30 miles north of downtown Los Angeles.
Today, Valencia is a thriving community of business owners and
homeowners alike that offers a way of life that is simply unmatched
elsewhere. Valencia’s 15,000 acres is home to over 60,000 jobs, 20,000
homes, 30 miles of paths called paseos, a thriving regional shopping
mall, award winning schools and abundant parks and open space.
Newhall Land’s next master planned community is Newhall Ranch, a
12,000-acre continuation of Valencia and approved for over 20,000 homes,
60,000 additional jobs and ten square miles of open space (more than 50
percent of its total area). Newhall Land is managed by FivePoint
Communities, Inc, an independent real estate development company jointly
owned by Emile Haddad and Lennar Homes of California, Inc.
