KB Home (NYSE: KBH), one of the nation’s largest and most recognized
homebuilders, today announced that it has purchased property at 2655
Bush Street in San Francisco for a new luxury mid-rise residential
building in one of the city’s most desirable zip codes. Located in Lower
Pacific Heights, KB Home’s Bush Street represents a rare opportunity for
new homeownership in this popular and well-established neighborhood.
KB Home’s future 81-unit mid-rise condo building is conveniently nestled
at the corner of Bush Street and Divisadero near many of San Francisco’s
major employers, universities, and cultural attractions, including UCSF
Medical Center, Kaiser Permanente, California Pacific Medical Center,
UCSF’s main campus, University of San Francisco School of Law, Golden
Gate Park, and neighbors the city’s dynamic Laurel, Fillmore, and NoPa
districts.
Pedestrians and bicyclists will appreciate the area’s relatively flat
terrain, and a number of nearby BART (Bay Area Rapid Transit) stations
put the entire city of San Francisco within reach.
Surrounded by some of the Bay Area’s best boutiques, restaurants, green
spaces, and cultural attractions, KB Home’s Bush Street will offer the
ultimate live-work-play lifestyle sought by home shoppers.
“KB Home’s strategic focus in the Bay Area has been to grow our business
by pursuing exceptional land opportunities in prime, urban locations
like San Francisco’s Lower Pacific Heights, where homeowners can live
just steps away from major employers, iconic landmarks, and everything
this vibrant city has to offer,” said Chris Apostolopoulos, regional
president for KB Home. “Our back-to-back acquisitions in San Francisco,
first with 72 Townsend and now at Bush Street, underscore the successful
execution of our aggressive land strategy, and we intend to build upon
the presence we’ve established in this major metropolitan market.”
Planned amenities for KB Home’s Bush Street include an on-site gym,
rooftop common areas, community gardens, and a gated garage. Home
designs are anticipated to range from 615 and 1,704 square feet, with up
to two bedrooms with dens and two baths.
Named the Community Builder of the Year by the nonprofit Build it Green™
for constructing the highest volume of GreenPoint Rated projects in
2013, KB Home, which is a member of the organization, will include its
award-winning energy efficiency in all of the new homes at Bush Street.
While KB Home has enjoyed many years of success building in the
surrounding areas, KB Home’s Bush Street acquisition is the builder’s
second in the city of San Francisco in less than a year. KB Home first
entered the market last fall, announcing its plans for 72 Townsend, a
nine-story luxury complex currently under construction in San
Francisco’s South Bay/SOMA district.
For more information about KB Home in the Bay Area, 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 an ENERGY STAR Partner of the Year
Sustained Excellence Award winner for four straight years 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.
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