), recently announced that it has begun the construction of a new
mid-rise luxury condo building at 72 Townsend in San Francisco's
highly-desirable South Beach/SOMA district.
The condo building, which will include condominiums,
penthouses and one exclusive townhome, is scheduled for a summer
2014 opening. The 74 residences in this nine-story condo building
will provide sweeping Bay views, concierge services, outdoor
living spaces and other exclusive first-class amenities.
Each unit, ranging between 810 and 2,859 square feet, will
comprise up to three bedrooms and two-and-a-half baths. The homes
have been built with KB Home's 'Built to Order' model which
allows the buyers to personalize their homes.
The condo building will be just blocks away from San
Francisco's entertainment and business hub. It will also be very
close to the iconic city landmarks, like AT&T Park and the
KB Home is actively selling new homes throughout the Bay Area
and 72 Townsend, which marks further expansion of its Bay Area
operations. KB Home has built many mid-rise, condominium and
townhome-style communities in the region, including Vicino at San
Jose's Santana Row, The Preserve in Redwood Shores, Laterra in
Hayward and Monte Vista in San Jose.
Last week KB Home launched two communities - Katy Oaks
Preserve and Katy Oaks Estates - in Katy, Texas.
KB Home carries a Zacks Rank #3 (Hold). Other homebuilders
that are currently doing well include
Standard Pacific Corp.
Beazer Homes USA Inc.
). Both the companies carry a Zacks Rank #1 (Strong Buy). Among
the building products companies,
) is worth mentioning which carries a Zacks Rank #2 (Buy).
BEAZER HOMES (BZH): Free Stock Analysis
KB HOME (KBH): Free Stock Analysis Report
MASCO (MAS): Free Stock Analysis Report
STANDARD PAC (SPF): Free Stock Analysis
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