KB Homes Acquires Land in Sunnyvale, Unveils Latest Residential Project in the Area
- Sep 04, 2014
Part of an increasingly aggressive development policy in The Bay Area, KB Homes recently announced the purchase of a plot of land in Sunnyvale and its development strategy for the property. The home builder has announced that the site will house a new housing community called Solaire. The company has rolled out its plans for its new location at the heart of Silicon Valley where the entity has planned to build 47 homes that would be added to the area’s housing stock.
Solaire will feature contemporary styled, single-story, stacked flat condominium homes. The developer is currently working on model home development, and a grand opening is already scheduled for this fall. The choice of Sunnyvale as the latest KB Home target is obvious, given the city’s location in the bustling Silicon Valley. The city offers some of the best employment options in the world, with world-famous businesses such as Google, Cisco, Yahoo!, Juniper Networks, Lockheed Martin, Northrop Grumman Electric Systems and others having a substantial presence in the area.
The lot on which the Solaire community will be developed offers great access to the 101, Interstate 280, 237 and 85. Other transportation options nearby include the Santa Clara Transportation Authority and the Caltrain commuter rail, with the latter having two different stops in the city.
Solaire is the latest in a number of ventures started by KB Homes in the area. The company has also recently acquired land for a property set for 500 single-family homes at Patterson Ranch in Fremont, and completed other land deals for its 72 Townsend and Bush Street luxury development projects. KB Homes is currently open for new home sales at 14 different locations in the Bay Area.
Image courtesy of kbhome.com