SAN FRANCISCO—KB Home has purchased property at 2655 Bush Street in San Francisco for a new luxury mid-rise residential project in one of the city’s most desirable zip codes.

Located in Lower Pacific Heights, KB Home’s Bush Street represents a rare opportunity for new homeownership in this popular and well-established neighborhood.

KB Home’s future 81-unit mid-rise condo building at the corner of Bush Street and Divisadero near many of San Francisco’s major employers, universities, and cultural attractions.

Pedestrians and bicyclists will appreciate the area’s relatively flat terrain, and a number of nearby BART (Bay Area Rapid Transit) stations put the entire city of San Francisco within reach.

Surrounded by some of the Bay Area’s best boutiques, restaurants, green spaces, and cultural attractions, KB Home’s Bush Street will offer the ultimate live-work-play lifestyle sought by home shoppers.

“KB Home’s strategic focus in the Bay Area has been to grow our business by pursuing exceptional land opportunities in prime, urban locations like San Francisco’s Lower Pacific Heights, where homeowners can live just steps away from major employers, iconic landmarks, and everything this vibrant city has to offer,” said Chris Apostolopoulos, regional president for KB Home. “Our back-to-back acquisitions in San Francisco, first with 72 Townsend and now at Bush Street, underscore the successful execution of our aggressive land strategy, and we intend to build upon the presence we’ve established in this major metropolitan market.”

Planned amenities for KB Home’s Bush Street include an on-site gym, rooftop common areas, community gardens, and a gated garage. Home designs are anticipated to range from 615 and 1,704 square feet, with up to two bedrooms with dens and two baths.

Named the Community Builder of the Year by the nonprofit Build it Green for constructing the highest volume of GreenPoint Rated projects in 2013, KB Home, which is a member of the organization, will include its award-winning energy efficiency in all of the new homes at Bush Street.

While KB Home has enjoyed many years of success building in the surrounding areas, KB Home’s Bush Street acquisition is the builder’s second in the city of San Francisco in less than a year. KB Home first entered the market last fall, announcing its plans for 72 Townsend, a nine-story luxury complex currently under construction in San Francisco’s South Bay/SOMA district.