This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

KB Home Announces Plans For New Luxury Homes On Westside Of Los Angeles

KB Home (NYSE: KBH), one of the nation’s largest and most recognized homebuilders, today announced that it has purchased land from Brookfield Residential Properties Inc. in the master planned coastal community of Playa Vista. KB Home plans to construct more than 100 new luxury homes as part of Playa Vista’s exciting final phase of development. Well-familiar with this now-thriving community, KB Home has already enjoyed success with condominium homes in the first phase of development, including its award-winning LEED Platinum certified Primera Terra project which sold out earlier this year.

“Playa Vista has become one of the crown jewels of Los Angeles’ Westside and we’re very pleased to be a part of its next evolution,” said Jeffrey Mezger, president and chief executive officer of KB Home. “Our new homes planned for the final phase of Playa Vista are designed to appeal to the discerning Westside buyer looking for a true haven to call home, nestled in a small-town atmosphere with the conveniences and excitement of a big city. Playa Vista already has so much going for it and we’re ready to help make it an even better place to live, work and play.”

Indeed Playa Vista, one of the Westside’s most desirable zip codes is already home to over 6,500 LA residents, and KB Home is ready to “welcome home” even more Angelenos. Construction on KB Home’s new communities in Playa Vista will begin in the spring with three-story detached homes with as many as four bedrooms and three-and-a-half baths in up to 2,800 square feet. KB Home also plans to build contemporary single-level condominiums offering private elevator access to each home, with more than 2,000 square feet of living space and customizable interiors.

Residents will enjoy the benefits of living in a well-established and pedestrian-friendly neighborhood ideally situated near the vibrant Westside communities of Marina Del Rey, Venice, Culver City and Santa Monica. The CenterPointe Club, a private resident activity center with a host of amenities including pools, a spa and gym, is within walking distance of the new KB Home projects, and a second all-new activity center is also planned in Playa Vista’s final phase. An additional 24 acres of new parks, walking trails and green space will link to the already massive network of recreational area in Playa Vista that also includes sports fields and courts, dog parks and performance venues. Families with children are served by the newly-opened Playa Vista Elementary School, a demonstration school in partnership with Loyola Marymount University

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs