Increased Growth Leads to More Housing Opportunities

More people continue to call Jacksonville home. According to the most recent Census Bureau data, the metro area saw its growth rate increase for the third-straight year. New housing construction continues to grow as well. Price Park is one of the latest developments coming soon to the Mandarin area.

KB Home will build more than 100 single-family homes in Price Park, which is at the corner of Lourcey and Hood Roads. The homes will range in size form 1,769 square feet to more than 3,000 square feet. More housing opportunities will bring more jobs and economic development. Mandarin, one of the most popular neighborhoods in the city, has a population of more than 24,000.

Linda Daniels and Warren “Buzz” Tyre, certified commercial investment members (CCIMs) with CRES Commercial Real Estate, Inc., brokered the deal. “We are excited to work with our partner, KB Home, to bring quality housing to the First Coast. We know that Price Park will add continued value to the Mandarin area,” said Daniels and Tyre.

“KB Home is very excited about opening its newest community in the Mandarin market and providing quality homes at a great value,” said Todd Holder, president of KB Home’s Jacksonville division. “Price Park will offer homebuyers the chance to build a new home that they can not only personally design to fit their budget and style, but also a home that is extremely energy-efficient.”

Homes in Price Park will start in the mid $200,000s. The grand opening is scheduled for May 2018.

About CRES

CRES Commercial Real Estate, Inc., formed in 2007, specializes in industrial, retail, office and land real estate. The company’s brokers and consultants have more than 50 years of experience. They handle each transaction with due diligence through identifying zoning issues, looking at deed restrictions or bringing engineers and architects to the table. CRES’ guiding principle is its clients’ success. For more information, please visit www.cresjax.com.

About KB Home

KB Home (NYSE: KBH) is one of the largest homebuilders in the United States, with nearly 600,000 homes delivered since our founding in 1957.  We operate in 36 markets in 7 states, primarily serving first-time and first move-up homebuyers, as well as active adults.  We are differentiated in offering customers the ability to personalize what they value most in their home, from choosing their lot, floor plan, and exterior, to selecting design and décor choices in our KB Home Studios.  In addition, we are an industry leader in sustainability, building innovative and highly energy- and water-efficient homes.  We invite you to learn more about KB Home by visiting www.kbhome.com, calling 888-KB-HOMES, or connecting with us on Facebook.com/KBHome or Twitter.com/KBHome.