KB Home Scores Great San Francisco Location with Latest Land Buy at Bush Street

Located in Lower Pacific Heights, KB Home’s Newest Urban Development Will Offer the Ultimate Live-Work-Play Lifestyle

Rendering of KB Home's proposed 81-unit mid-rise at 2655 Bush Street in San Francisco. (Graphic: Business Wire)

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SAN FRANCISCO--()--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.

Contacts

KB Home
Craig LeMessurier, 925-983-4509
clemessurier@kbhome.com

Release Summary

KB Home acquires property at 2655 Bush Street, the builder's second acquisition in the city of San Francisco in the past six months.

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Contacts

KB Home
Craig LeMessurier, 925-983-4509
clemessurier@kbhome.com