KB Home Acquires Property in Broomfield’s North Park Community
May 27 2015 - 10:00AM
Business Wire
KB Home (NYSE: KBH), one of the nation’s largest and most
recognized homebuilders, today announced that it has acquired land
from McWhinney, an experienced Colorado-based real estate
investment, management and development company, for a new KB Home
community within the highly desirable North Park development in
Broomfield. Land development is currently underway, with plans to
open the new community this fall.
“McWhinney has developed some of the most successful real estate
projects in Colorado, and it has been a privilege to work with the
company in planning KB Home’s new North Park neighborhood,” said
Matt Mandino, president of KB Home’s Colorado division. “Our strong
partnerships with local land sellers, like our colleagues at
McWhinney, give KB Home unique and exceptional opportunities to
offer our homes in desirable communities such as North Park.”
Located in Broomfield, North Park is a 935-acre development
strategically positioned west of I-25, between Highway 7 and
Northwest Parkway, with easy access to the I-25 and E-470 corridor.
The mixed-use community is centrally located with direct connection
to downtown Denver and close proximity to Denver International
Airport (DIA) and Boulder, including access to major Front Range
universities and regional attractions. Plans for North Park’s
additional development include direct access to shopping and
dining, natural open spaces and trails, and a walkable urban core
business district.
KB Home currently plans to build 96 paired homes at North Park,
offering four two-story floor plans that range in size from 1,443
to 1,682 square feet, can accommodate up to four bedrooms,
two-and-a-half baths, and feature two-car garages. All KB homes at
North Park will be built to exacting ENERGY STAR® guidelines,
making them among the most energy-efficient new homes available
today. Pricing is anticipated to begin in the mid-$300,000s.
“KB Home is a welcome addition to the neighborhoods at North
Park,” said Denise Gammon, President of Community Development at
McWhinney. “We hope this will be one of many opportunities our
organizations will have to collaborate and build upon McWhinney’s
history of creating exceptional communities.”
KB Home is currently open for new home sales at 15 Denver-area
locations. For more information about KB Home, 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
unique homebuilding 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 five straight years and a WaterSense® Partner of the Year for
four consecutive years. A FORTUNE 1,000 company, 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, call 888-KB-HOMES, visit www.kbhome.com,
or connect with KB Home on Facebook.com/KBHome and
Twitter.com/KBHome.
About McWhinney:
McWhinney has offices in Loveland and Denver, Colo. and is
comprised of a team of talented professionals who are passionate
about creating great places for people and providing fabled
experiences to our customers. McWhinney develops innovative and
sustainable master-planned communities and award-winning vertical
commercial and mixed-use projects. Since 1991, McWhinney has
planned and developed more than 6,000 acres in several
master-planned communities and more than 6 million square feet of
vertical commercial and mixed-use properties throughout the Rocky
Mountain region and on the West Coast. For additional information,
visit mcwhinney.com
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version on businesswire.com: http://www.businesswire.com/news/home/20150527005531/en/
KB HomeCraig LeMessurier,
925-983-4509clemessurier@kbhome.comordovetail solutions for
McWhinneyAndy Boian, 303-868-0085aboian@dovetailsolutions.com
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