KB Home Announces the Grand Opening of Two New Gated Communities at Summerlin, a Premier Las Vegas Master Plan

Rhea-AI Summary

KB Home (NYSE: KBH) announces the grand opening of two new gated communities, Landings and Reserves at Alton, in Las Vegas' Summerlin master plan. Located in Grand Park Village, the communities offer personalized homes starting from the $620,000s and $680,000s respectively. The developments feature one- and two-story homes with up to five bedrooms, modern amenities, and views of Red Rock Canyon. Residents will have access to resort-style facilities including parks, pools, and community centers. The communities are strategically located near schools, the planned urban core, and the future 100-acre Grand Park.

Positive

• Launch of two new premium communities in a desirable Las Vegas location
• Homes starting from $620,000s and $680,000s indicate strong pricing power
• Strategic location near planned urban core and amenities enhances property value potential
• ENERGY STAR® certification differentiates the properties (top 10% nationwide)

Negative

• None.

Insights

Market Research Analyst

The launch of two new gated communities in Summerlin represents a strategic expansion for KB Home in the Las Vegas luxury housing market. With base prices from $620,000 to $680,000, these communities target the upper-middle-income segment, positioning above the Las Vegas median home price. The development's location in Grand Park Village, featuring premium amenities and proximity to planned urban developments, suggests strong potential for property value appreciation.

The project's timing aligns with continued demand for high-end residential properties in master-planned communities, despite higher mortgage rates. KB Home's focus on customization and energy efficiency addresses current market preferences for personalized, sustainable homes. The development's scale and premium positioning should contribute positively to KB Home's revenue and margin performance in the Las Vegas market.

Landings and Reserves at Alton in Summerlin’s Grand Park Village offer personalized, new homes with resort-style amenities and close to schools, priced from the low $600,000s.

LAS VEGAS--(BUSINESS WIRE)-- KB Home (NYSE: KBH), one of the largest and most trusted homebuilders in the U.S., today announced the grand opening of Landings and Reserves at Alton at Summerlin, two new gated communities within one of Las Vegas’ premier master plans. The new homes are designed for the way people live today, with popular features like modern kitchens overlooking large great rooms, bedroom suites with walk-in closets, ample storage and beautiful outdoor living spaces. The two-story homes at Landings at Alton at Summerlin offer up to five bedrooms and four baths, while the one- and two-story floor plans at Reserves at Alton at Summerlin offer up to five bedrooms and five baths.

KB Home, one of the largest and most trusted homebuilders in the U.S., today announced the grand opening of Landings at Alton at Summerlin, a new gated community within one of Las Vegas’ premier master plans. (Photo: Business Wire)

Homeowners will appreciate the premier location in Summerlin’s new Grand Park Village, which features stunning views of Red Rock Canyon. The master plan also features resort-style amenities, which include parks, swimming pools, community centers, children’s playgrounds, walking and running paths, and sport courts and fields. Additionally, Landings and Reserves at Alton are close to schools and walking distance to Summerlin West’s planned urban core and 100-acre plus Grand Park, a vibrant town center with shopping, dining and entertainment.

What sets KB Home apart is the company’s focus on building strong, personal relationships with every customer, so they have a real partner in the homebuying process. Every KB home is uniquely built for each customer, so no two KB homes are the same. Homebuyers have the ability to personalize their new home, from floor plans to exterior styles to where they live in the community. Their home comes to life in the KB Home Design Studio, a one-of-a-kind experience where customers get both expert advice and the opportunity to select from a wide range of design choices that fit their style and their budget. Reflecting the company's commitment to creating an exceptional homebuying experience, KB Home is the #1 customer-ranked national homebuilder based on homebuyer satisfaction surveys from a leading third-party review site.

“We are pleased to offer Las Vegas–area homebuyers spacious new homes at Summerlin, one of Las Vegas’ premier master-planned communities,” said Jim McDade, President of KB Home’s Las Vegas division. “Landings and Reserves at Alton is situated within Summerlin West’s new Grand Park Village, which is adjacent to the planned town center and close to schools. Our new homeowners will appreciate the stunning views and access to the master plan’s resort-style amenities, including swimming pools, community centers and parks. At KB Home, we’re here to help you achieve your dream with a personalized new home built uniquely for you and your life.”

Innovative design plays an essential role in every home KB builds. The company’s floor plans inspire contemporary living, with a focus on roomy, light-filled spaces that have easy indoor/outdoor flow. KB homes are engineered to be highly energy and water efficient and include features that support healthier indoor environments. They are also designed to be ENERGY STAR^® certified — a standard that fewer than 10% of new homes nationwide meet — offering greater comfort, well-being and utility cost savings than new homes without certification.

Landings and Reserves at Alton at Summerlin feature a commuter-friendly location that offers homebuyers an exceptional lifestyle. The new communities are situated at the corner of Far Hills Avenue and Grand Park Boulevard, providing easy access to Interstate 15, Interstate 215, the Las Vegas Strip, the area’s major employment centers and Harry Reid International Airport. The new neighborhoods are also convenient to Downtown Summerlin and Red Rock^® Casino Resort & Spa for prime shopping, dining and entertainment. Landings and Reserves at Alton at Summerlin are just a short drive or bike ride to outdoor recreation at Red Rock Canyon and Lone Mountain Regional Park as well as top-rated golf courses.

The Landings and Reserves at Alton at Summerlin sales office and model homes are open for walk-in visits and private in-person tours by appointment. Homebuyers also have the flexibility to arrange a live video tour with a sales counselor. Pricing begins from the $620,000s and $680,000s, respectively.

For more information on KB Home, call 888-KB-HOMES or visit kbhome.com.

About KB Home

KB Home is one of the largest and most trusted homebuilders in the United States. We operate in 47 markets, have built over 680,000 quality homes in our more than 65-year history, and are honored to be the #1 customer-ranked national homebuilder based on third-party buyer surveys. What sets KB Home apart is building strong, personal relationships with every customer and creating an exceptional experience that offers our homebuyers the ability to personalize their home based on what they value at a price they can afford. As the industry leader in sustainability, KB Home has achieved one of the highest residential energy-efficiency ratings and delivered more ENERGY STAR® certified homes than any other builder, helping to lower the total cost of homeownership. For more information, visit kbhome.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241114536137/en/

Craig LeMessurier, KB Home

925-580-1583

clemessurier@kbhome.com

Source: KB Home

FAQ

What is the starting price for KB Home's new communities in Summerlin (KBH)?

The Landings community starts from the $620,000s, while the Reserves community starts from the $680,000s.

How many bedrooms do the new KB Home (KBH) Summerlin properties offer?

Both communities offer homes with up to five bedrooms, with Reserves at Alton featuring up to five baths and Landings at Alton offering up to four baths.

Where are KB Home's (KBH) new Summerlin communities located?

The communities are located at the corner of Far Hills Avenue and Grand Park Boulevard in Summerlin's Grand Park Village, Las Vegas.

What amenities are included in KB Home's (KBH) new Summerlin communities?

The communities feature resort-style amenities including parks, swimming pools, community centers, children's playgrounds, walking and running paths, and sport courts and fields.