With the purchase of two new communities in the region, KB Home has managed to increase its presence in northeast Florida by over 70% in 2013, having accumulated more than 900 lots since 2012.
“It’s been an exciting year for KB Home in Jacksonville, where the region’s dynamic economy offers plenty of potential for long-term growth," said Todd Holder, president of KB Home's Jacksonville division. "In 2013, we strategically pursued opportunities to expand our business and uniquely positioned KB Home to meet rising homebuyer demand for new homes. With the positive momentum we’ve established in Jacksonville this year, we’re looking forward to delivering the American dream of homeownership to many more Floridians well into 2014 and beyond."
The homebuilder announced on Tues. the purchase of Angora Bay in Orange Park and Whitmore Oaks in Mandarin. The latter is slated for a grand opening in November, with single-family homes between 2,003 and 3,555 sq. ft. starting in the mid $200,000s. The former will include 98 single-family homes between 1,865 and 3,181 sq. ft. beginning in the high $100,000s.
KB Home first entered the Jacksonville market over a decade ago. At the moment, there are 10 KB Home communities open for new home sales in the area.