SDRP > In the News > KB Home Acquires 32 Acres in Summerlin for $44.7 Million

KB Home Acquires 32 Acres in Summerlin for $44.7 Million

KB Home, a Los Angeles-based homebuilder, plans to construct 200 single-family residences in their newest community, named Alton, in Summerlin West’s Grand Park District, spanning 32 acres. According to the Las Vegas Review Journal, KB Home purchased the land for $44.7 million. Construction is said to start in the winter of 2024. Plans for the project will feature one-and two-story homes ranging from 1,817 to 3,063 square feet, offering three to five bedrooms. The community is located west of the 215 Beltway and northwest of the Red Rock Resort. Summerlin, renowned as one of the best-selling master-planned communities in the country, was initiated by tycoon Howard Hughes in 1952.

Read more here:
https://www.reviewjournal.com/business/housing/homebuilder-buys-summerlin-land-for-44-7m-2963702/