KB Home Acquires 500 Lots at Patterson Ranch in Fremont

One of Bay Area’s leading builders to offer single-family homes in last phase of development at historic ranch with convenient access to San Jose, East Bay and Peninsula

Business Wire

FREMONT, Calif.--(BUSINESS WIRE)--

KB Home (KBH), one of the nation’s largest and most recognized homebuilders, today announced plans for a new home community in the city of Fremont called Patterson Ranch. KB Home will offer approximately 500 new single-family homes on the property, which will also include 15 acres of parks and open space, a community center, and an urban farm that reflects the site’s agrarian history. Land development has commenced at the fully-entitled property, with model homes expected to open by the spring of 2015.

“We continue to be very aggressive with our targeted land acquisition strategy in the San Francisco Bay Area, and are particularly interested in parcels situated in and around the Silicon Valley. We are excited to be developing a property of this size that is already entitled, a rare combination in today’s inventory-constrained Bay Area market,’’ said Chris Apostolopoulos, president and regional general manager for KB Home Northern California. “Strong initial interest in our plans for Patterson Ranch speaks to the overwhelming demand in Fremont for new homes located near the Valley’s major employment centers.”

KB Home plans to offer six one- and two-story floor plans at Patterson Ranch, ranging in size between 1,700 and 3,300 square feet and featuring up to five bedrooms and three-and-a-half baths. Lot sizes at Patterson Ranch are expected to range from 3,300 to 5,400 square feet.

In keeping with its agrarian heritage, KB Home’s Patterson Ranch community will feature more than 15 acres of parks and open space highlighted by an urban farm consisting of a communal garden and working orchard. Additional amenities will include parks, a community center, BBQs, picnic areas, basketball and tennis courts, plus walking paths. Homeowners with a green thumb will be able to take advantage of a barn planned for the urban farm that will have tools to use to cultivate vegetables, herbs and native plants, as well as the apple, almond, peach and fig trees in the orchard.

Homebuyers at Patterson Ranch will be able to personalize their new KB homes to their own unique needs and lifestyle. In addition to selecting their specific lot location, floor plan and structural options, KB homebuyers will work one-on-one with an expert design consultant at the KB Home Studio, who will walk them through the various décor, technology, and sustainability-focused components that are included or can be incorporated in a KB home.

All KB homes at Patterson Ranch will be ENERGY STAR® certified, GreenPoint Rated, and built with an array of water-conserving features such as WaterSense® labeled faucets and fixtures as well as a Wiser home management system that allows homeowners to monitor and control their home’s energy usage in real-time with a smartphone or tablet. These features should enable homeowners at Patterson Ranch to experience significant savings on their utility bills compared to similar resale homes in the area.

KB Home, a member of Build It Green, was recently named Community Builder of the Year by the organization, and offers new homes at 18 communities in the Bay Area. The company plans to open new communities in San Ramon, Hayward, Milpitas, San Pablo, Gilroy, San Jose and Martinez in the near future, and has two mid-level residential properties in San Francisco that are under development.

For more information about KB Home in the Bay Area or other KB Home communities, 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 by the EPA as an ENERGY STAR Partner of the Year Sustained Excellence Award winner for four straight years and a WaterSense® Partner of the Year for three consecutive years. 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.

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

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