LGI Homes opens new community of move-in-ready homes in Kitsap County

Rhea-AI Summary

LGI Homes (Nasdaq: LGIH) has announced the grand opening of Bay Vista, a new community of 120 single-family homes in Bremerton, Washington. The homes range from 1,200 to over 2,100 square feet, offering five distinct floor plans. This development is strategically located near WA-3 and the Bremerton Ferry Dock, making it convenient for commuting to Seattle and Tacoma. Bay Vista aims to provide homebuyers a blend of affordable, high-quality living with attractive local amenities, including parks and shopping, and features a pocket park and paved walking paths.

Positive

• Launch of Bay Vista community with 120 homes boosts LGIH's position in the growing Bremerton market.
• Strategic location enhances appeal for potential buyers, offering easy access to Seattle and Tacoma.
• Variety in floor plans caters to diverse buyer preferences, potentially increasing sales.
• High-quality interior finishes in homes may attract customers looking for value.

Negative

• None.

SEATTLE, June 25, 2020 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (Nasdaq:LGIH) today announced the grand opening of Bay Vista, a community of single-family homes located in Bremerton, Wash. LGI plans to construct 120 move-in ready homes at Bay Vista.

"We're excited to announce the opening of our Bay Vista community in the heart of the Kitsap Peninsula,” said Ryan Stokes, LGI Homes’ Division President. “Now more than ever, our customers seek personal space and a safe place they can call their own. Bay Vista offers a tremendous value to homebuyers looking for a high-quality home within reach of modern conveniences and amenities."

Situated between WA-3 and the Bremerton Ferry Dock, Bay Vista provides a commuter-friendly location where homeowners can easily reach the employment and attractions of both Tacoma and downtown Seattle. Bay Vista residents will find a multitude of local amenities available nearby, including a number of grocery stores, restaurants and local parks located within walking distance from the community. A destination for outdoor enthusiasts and travelers alike, the city of Bremerton offers a variety of diversions, such as the Bremerton Naval Museum, Gold Mountain Golf Club, several marinas and more than 35 local parks showcasing the area’s lush natural landscape.

In addition to a peaceful, harborside atmosphere, Bay Vista residents will enjoy a pocket park with picnic tables, benches and a children’s playground. Paved walking paths wind throughout the community and streetlights illuminate the sidewalk-lined streets for added safety at night.

Homebuyers at Bay Vista may choose from five floor plans with three, four or five bedrooms, ranging in size from 1,200 square feet to over 2,100 square feet. Each of the one- and two-story homes come equipped with LGI Homes’ CompleteHome Plus™ interior package, featuring luxury finishes like granite countertops, stainless steel Whirlpool^® appliances, 42-inch upper cabinets with crown molding, designer light fixtures, 2-inch faux wood blinds, and a Wi-Fi-enabled garage door opener. In addition to the upgraded interiors, every home constructed at Bay Vista includes a welcoming covered front porch, exterior coach lighting, front yard landscaping and a fully fenced backyard.

For additional information on available homes at Bay Vista, interested homebuyers are encouraged to call (844) 792-3700 or visit LGIHomes.com/BayVista. To accommodate homebuyers during this time, LGI Homes’ information centers are open for tours by appointment only and are in compliance with Centers for Disease Control and Prevention and local safety guidelines.

About LGI Homes, Inc.

Headquartered in The Woodlands, Texas, LGI Homes, Inc. engages in the design, construction and sale of homes in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, Nevada, West Virginia and Virginia. Recently recognized as the 10^th largest residential builder in America, based on units closed, the Company has a notable legacy of more than 17 years of homebuilding operations, over which time it has closed more than 35,000 homes. For more information about the Company and its new home developments, please visit the Company’s website at www.LGIHomes.com.

MEDIA CONTACT:
Rachel Eaton
(281) 362-8998 ext. 2560

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5af2a2b3-7d33-4189-a2e4-e6d5fb527c83

FAQ

What is the new community announced by LGI Homes?

LGI Homes announced the grand opening of Bay Vista, which includes 120 single-family homes in Bremerton, Washington.

Where is Bay Vista located?

Bay Vista is located in Bremerton, Washington, situated between WA-3 and the Bremerton Ferry Dock.

What types of homes are available at Bay Vista?

Homebuyers can choose from five floor plans, with homes ranging from 1,200 to over 2,100 square feet.

When did LGI Homes announce the opening of Bay Vista?

LGI Homes announced the grand opening of Bay Vista on June 25, 2020.

What amenities are near Bay Vista?

Bay Vista offers access to local amenities such as grocery stores, restaurants, parks, and recreational activities.