KB Home Acquires Land for 234 New Homes in Texas Research Park
May 17 2016 - 9:00AM
Business Wire
With its latest acquisition, KB Home becomes the first
single-family home community in TRP
KB Home (NYSE: KBH) today announced that it has purchased nearly
75 acres along the Highway 211 corridor near Potranco Road in far
Northwest Bexar County, where the builder plans to construct 234
new homes at Texas Research Park. Land development at the site is
currently underway, with the community’s grand opening anticipated
in early 2017.
KB Home’s planned Hidden Canyons at TRP neighborhood will be the
first residential community in Texas Research Park, a 1,200-acre
campus-like environs established more than 25 years ago to further
the economic development mission of the Texas Research and
Technology Foundation. Hidden Canyons at TRP will also be KB Home’s
first new development in San Antonio’s far Northwest since 2013.
This highly-desirable area is known for its distinct position
between the Texas Hill Country and the Coastal Plains, abundant
nearby attractions and top-rated schools.
The Hidden Canyons at TRP parcel is KB Home’s latest land
acquisition in San Antonio, extending the builder’s growth
trajectory in the region. So far in 2016, KB Home has opened new
home communities at The Ridge at Bandera, The Heights at Northeast
Crossing, and Misiones, with two additional communities, Dove Creek
and Copano Ridge, expected to open later this year. KB Home
currently offers new homes for sale at 26 locations in San Antonio,
Boerne, Cibolo, Converse, Universal City and New Braunfels.
“With picturesque ranchland that is home to deer, birds and
native wildflowers, families are going to love this new community
when it opens,” said Brett Dietz, president of KB Home’s San
Antonio division. “We plan to build two model parks, Hidden Canyons
and Hidden Bluffs, which will highlight our energy-efficient home
designs and showcase both the attractiveness and value today’s
families demand in their new homes.”
Floor plans for Hidden Canyons at TRP will include two home
design collections and are expected to range from 1,516 square feet
to 3,475 square feet. Planned amenities include a community park
with a pool, a picnic pavilion and a children’s playground for
residents’ exclusive use. Public hiking trails at Texas Research
Park and events at the newly renovated Golf Club of Texas will
offer additional recreational opportunities for families.
For more information about KB Home in San Antonio, visit
www.kbhome.com or call 888-KB-HOMES.
About KB HomeKB Home is one of the largest and most
recognized homebuilders in the United States and an industry leader
in sustainability, building innovative and highly energy- and
water-efficient new homes. Founded in 1957 and the first
NYSE-listed homebuilder (ticker symbol: KBH), the company has built
nearly 600,000 homes for families from coast to coast.
Distinguished by its personalized homebuilding approach, KB Home
lets each buyer choose their lot location, floor plan, décor
choices, design features and other special touches that matter most
to them. To learn more about KB Home, call 888-KB-HOMES, visit
www.kbhome.com or connect on Facebook.com/KBHome or
Twitter.com/KBHome.
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version on businesswire.com: http://www.businesswire.com/news/home/20160517005555/en/
KB HomeCathy Teague, 210-415-6670cteague@kbhome.com
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