KB Home (NYSE: KBH), one of the nation’s largest and most recognized
homebuilders, today announced it has acquired 40 acres of land in
Eastvale, Calif. from Irvine-based Stratham Communities. WD Land had the
exclusive listing and represented both parties in the transaction.
Located at the northwest corner of Limonite and Cleveland Avenues, KB
Home plans to build 207 Built to Order™ homes at the site, currently
named Cleveland Square, and has the option to purchase an additional 143
homesites at the community.
KB Home is already one of the Inland Empire’s most active homebuilders,
with more than a dozen communities open for new home sales today. Most
recently, KB Home debuted four new neighborhoods during the first
weekend of August alone ̶ Cantata at The Preserve in Chino, Parkside in
Ontario, The Pinnacle at Roripaugh Ranch in Temecula and Sequoia at
Monument Park in Perris.
“KB Home is not only one of the Inland Empire’s premier homebuilders, we
also pride ourselves on being one of the area’s first-choice land
buyers,” said Chris Haines, president of KB Home’s Inland Empire
division. “Our strong relationships with local land sellers, like our
colleagues at Stratham Communities and WD Land, give KB Home unique and
exceptional opportunities to offer our homes in some of Riverside
County’s most sought-after submarkets.”
“Eastvale continues to have a sound track record for strong home sales
and has become one of the most desirable markets in the Inland Empire,”
said Les Whittlesey, a founding principal at WD Land. “KB Home’s
purchase demonstrates the company’s aggressive strategic actions to
further advance its leading position in meeting the needs of homebuyers
in the Eastvale market.”
KB Home plans to break ground on the new community this spring, where it
will offer potential homeowners three collections of homes and exclusive
access to extensive neighborhood amenities.
KB Home will build 125 single-family homes in one collection, featuring
three floor plans ranging from 1,552 to 1,985 square feet, with
distinguishing design details like spacious great rooms, outdoor patios,
and an optional first floor bedroom suite.
A second collection of 123 homes with three floor plans available
ranging from 1,829 to 2,334 square feet will include up to five bedrooms
and incorporate customizable elements, allowing for plenty of
personalization.
KB Home’s third collection of 102 homes features the largest planned for
this community, offering four floor plans between 2,443 and 3,367 square
feet and up to five bedrooms.
Community amenities will include three beautiful parks with tot lots for
children, basketball and tennis courts, picnic areas, open green space
and a dog park. There will also be a central recreation area that
features a 3,123 square foot clubhouse with a Junior Olympic pool, spa,
children’s pool, BBQ and lounge area with a fire pit.
The property is served by the acclaimed Corona-Norco Unified School
District, and offers convenient access to shopping, restaurants, outdoor
recreation and parks.
For more information about KB Home communities in California or
elsewhere, 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.
Copyright Business Wire 2013