KB Home Acquires Lots For Exclusive New Community In Valencia

KB Home (NYSE:KBH), one of the nation’s largest and most recognized homebuilders, and Newhall Land, a premier community planner in north Los Angeles County, today announced a land purchase agreement for a new home community within the highly desirable master-planned development of River Village in Valencia, which is also known as “Awesometown.” KB Home acquired 54 finished lots from Newhall Land for a new community called Charleston at River Village. Model home construction is currently underway, with plans to open this new community to home shoppers in the spring.

“Recent activity in the market and our sell-out success at other communities in the area have proven there is a great demand for new homes here. The exciting new product we are introducing at Charleston reflect what our customer surveys tell us home shoppers are looking for: bigger homes with more bedrooms, state-of-the-art energy efficiency, higher-end options, and flexible floor plans that allow for personalization,” said Tom DiPrima, executive vice president of KB Home’s Southern California division. “We are pleased to once again expand our presence in Valencia and Santa Clarita. It is truly ‘awesome’ to be part of such a flourishing and highly desirable community, thanks to our strong relationship with Newhall Land.”

The five two-story floor plans anticipated to be offered at Charleston at River Village include up to six bedrooms, four-and-a-half baths, and range in size from 3,413 to 4,511 square feet. Sun rooms, first-floor junior suites and large walk-in dual closets in the master bedroom are just some of the Built to Order options that will be available at Charleston at River Village.

Residents will also have access to River Village’s exclusive amenities like recreation centers, parks, and trails along the Santa Clarita River. Families will be served by the highly-rated Saugus Unified School District. The community is also in close proximity to Metrolink stations and the I-5 freeway, making for an easy commute to major employment centers in the greater Ventura and Los Angeles metropolitan areas.

“KB Home has been a valuable partner in making the dream of homeownership a reality for residents wishing to live in the Valencia Masterplan,” said Greg McWilliams, President of Newhall Land. “We hope Charleston at River Village is one of many opportunities we will have to once again collaborate with KB Home in the future.”

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