KB Home (NYSE: KBH), one of the nation’s largest and most recognized homebuilders, today announced that it has acquired 56 acres in the existing master-plan development of Georgetown Village located just west of downtown Georgetown, Texas and Interstate 35. KB Home’s new community, the last phase of a 750 unit subdivision, will include 184 home sites. Model home construction and land development is expected to begin in the spring.
“Georgetown Village is a beautiful Hill County neighborhood with mature live oak trees and a desirable location just west of IH-35, making for an easy commute to many of the area’s major employers, and convenient for military families at Fort Hood,” said Ken Langston, president of KB Home’s Central Texas division. “With the community’s great location and KB Home’s experience in building quality, energy-efficient homes, we anticipate this phase of Georgetown Village will be well-received by homebuyers in the Austin area.”
“Georgetown Village is especially attractive because of its on-site, highly-rated elementary school and its neighborhood amenities, such as hiking trails, pools and parks,” Langston continued.
KB Home’s purchase in Georgetown Village comes shortly after the builder announced plans for additional new communities in both Leander and Hutto. KB Home currently offers new homes at more than 20 new home communities in the Austin area, including two in Georgetown – University Park and La Conterra.“We’ve built in Austin for over 15 years,” Langston said, “and we look forward to delivering many new Built to Order homes to happy homeowners here for years to come.” Built to Order is KB Home’s signature homebuying experience, during which customers choose their home’s lot location, its floor plan and many of its interior and exterior design features before construction begins. The fifteen one- and two-story floor plans that will be offered at Georgetown Village range in size from approximately 1,600 square feet to more than 3,100 square feet with up to four bedrooms and two-and-a-half baths. Like all KB homes, the homes built at Georgetown Village will be ENERGY STAR® certified, which may help homeowners save money on their utility bills when compared to other new or resale homes.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV