KB Home (NYSE:KBH), one of the nation’s largest and most recognized
homebuilders, today announced that development has commenced at Oakwood
North, a new community of 39 single-family homes the builder is
constructing in the heart of Raleigh. With a grand opening planned for
May, KB Home’s Oakwood North will give homebuyers an exclusive
opportunity to own a spacious, Built to Order™ home in a
well-established Raleigh location.
Surrounded by historic landmarks and major city sites, KB Home’s Oakwood
North is ideally situated in downtown Raleigh, minutes away from the
Capitol building and the many renowned museums, restaurants, shops, and
cultural attractions that call the city home. North Carolina State
University, Peace College, and Saint Augustine’s College are also very
close to Oakwood North, and the community is just a short walk to the
Historic Oakwood area.
“There are very few new homeownership opportunities available in such a
well-established area of Raleigh, and we are very excited to transform
one of the city’s few remaining open land parcels into a vibrant new
community at Oakwood North,” said Tom Sewitsky, president of KB Home’s
Raleigh/Durham division. “At Oakwood North, homebuyers will find they
can own a large home in a charming neighborhood while enjoying all the
modern conveniences offered by the community’s prime city location. And
with an interest list growing fast, we believe Oakwood North is well
positioned to become one of our most popular communities in the region.”
KB Home plans to build two-story single-family homes at Oakwood North
that range between 1,881 and 2,778 square feet, with up to five bedrooms
and three-and-a-half baths. Because KB homes are Built to Order,
homebuyers at Oakwood North will be able to personalize nearly
everything about their home to their lifestyle and budget. In addition
to selecting their specific lot location, floor plan and structural
options, KB homeowners at Oakwood North will work one-on-one with an
expert design consultant at the KB Home Studio who will walk them
through the various décor, technology, and sustainability-focused
components that can be incorporated in a KB home.
All KB homes at Oakwood North will be ENERGY STAR® certified and built
with an array of water-conserving features such as WaterSense labeled
faucets and fixtures. These and other items like radiant barrier
roofing, low-E windows and advanced USB outlets that are included as
standard in all KB homes will allow homeowners at Oakwood North to
experience significant savings on their utility bills compared to
similar resale homes in the area.
KB Home has enjoyed many years of success building its new homes in the
Triangle area, and is currently open for new home sales at 10 other
communities from Wake Forest to Fuquay-Varina, Durham to Clayton, and
locations in between.
For more information about KB Home in North Carolina or other KB Home
communities, 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. As a leader in utilizing
state-of-the-art sustainable building practices, all KB homes are highly
energy efficient and meet strict ENERGY STAR® guidelines. This helps to
lower monthly utility costs for homeowners, which the company
demonstrates with its proprietary KB Home Energy Performance Guide®
(EPG®). KB Home has been named both an ENERGY STAR Partner of the Year
Sustained Excellence Award winner and WaterSense® Partner of the Year
for three consecutive years by the EPA. 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 2014