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Article: The Brand New Orleans: KB Home Opens First New Residential Community Since Katrina.
- Article from:
- Business Wire
- Article date:
- August 28, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW ORLEANS -- KB Home (NYSE:KBH), the only national homebuilder building houses and seeking land permits in New Orleans, announced today that it has begun sales in its first residential community in New Orleans. The community called River Garden currently has one model complete and eleven more homes under construction.
Located within minutes of downtown New Orleans, the seventy-three homes will all be built in traditional New Orleans architecture. Fifty-eight of the homes will be market priced (from the $300s) and 15 of the homes will be designated "affordable" and priced by the Housing Authority of New Orleans.
"I believe that our effort in New Orleans ...