KB Home (NYSE: KBH) announced that it has purchased 13 acres in Cary, N.C. near US-1/US-64, where it plans to construct 41 new homes at its Wynwood community. Land development at the site will begin soon, with the community's grand opening anticipated for early 2017.

"We are excited to bring our beautiful and smartly-designed new KB homes to more families here in Cary," said Tom Sewitsky, president of KB Home's Carolinas division. "With its prime commuting location and picturesque setting, we believe that Wynwood will be an excellent place to call home."

KB Home's planned Wynwood community is just 10 minutes from downtown Raleigh and provides convenient access to I-40, I-440, US-64 and I-540. This highly desirable part of Cary is also close to premier shopping and dining at Crossroads Plaza. Residents at Wynwood will be able to enjoy a community walking trail.

Wynwood will feature large home sites and single-family homes ranging in size from 2,194 to 3,098 square feet. The one- and two-story homes will offer three to seven bedrooms, up to four-and-a-half baths and basement options. All KB homes at Wynwood will be built to exacting ENERGY STAR® guidelines and include an array of water-conserving features such as WaterSense® fixtures, which will make them among the most efficient new homes available in the local area.