Reinert said KB Home would break ground in a few weeks. Homes will be priced in the $250,000 to $300,000 range, with sales anticipated in the Third Quarter. The neighborhood will feature a community pool, cabana and children's playground.
KB named the community "Hanover Square." It borders the 140-lot Hanover Reserve community now in active development by Royal Oak Homes.
Last month, CalAtlantic Homespaid $6.3 million for a lot takedown at Sunset Groves, located across Zuni Road from the KB Homes property. CalAtlantic's purchase includes the entire first phase of the subdivision: 106 residential lots on 36 acres, with a mix of 50-foot and 60-foot lots.