K. Hovnanian® Homes® Breaks Ground on Highly-Anticipated K. Hovnanian’s® Four Seasons at Parkland 55+ Active Adult Community

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Nearly 100 members of the local community, press, and others attended the national homebuilder’s April 8th groundbreaking for its new, resort-style baby boomer community. K. Hovnanian’s® Four Seasons at Parkland, deemed the next generation of 55+ active adult living, will feature luxury single-family homes and abundant, on-site amenities.

Local dignitaries and K. Hovnanian® representatives break ground at K. Hovnanian’s® Four Seasons at Parkland.

Leading national residential builder K. Hovnanian® Homes® broke ground on April 8th on Parkland’s first-ever, resort-style community for 55+ active adults - K. Hovnanian’s® Four Seasons at Parkland. A crowd of nearly 100 people, including press and members of the community, gathered for the historic ceremony. The event featured a ceremonial groundbreaking, speeches from K. Hovnanian® Homes® representatives, and appearances by Parkland Mayor Michael Udine, Broward County Commissioner Stacy Ritter and other prominent local officials.

K. Hovnanian’s® Four Seasons at Parkland will be a gated community for 55+ active adults that features 538 expansive home sites with a wealth of resort-style amenities. The community will offer 18 brand new single-family home designs that are architecturally designed to enhance the lifestyle of 55+ homeowners. Pricing is expected to range from the $400,000s to the $700,000s. Each home will feature 2,000 sq. ft. to 3,600+ sq. ft. of smartly-designed living space with two or more bedrooms, energy-efficient features, and a wide array of options.

The community promises a unique all-inclusive lifestyle with a strong social component. Resort-style amenities will include a 25,000 sq. ft. world-class lifestyle center with a fitness and movement studio, grand ballroom, virtual sports studio, card and billiard rooms, arts and crafts room, commercial and demonstration kitchens, and much more. Residents will enjoy the outdoor Florida lifestyle with two swimming pools, a putting green, tennis courts, a Pro Shop with a tennis pro, basketball, bocce ball, pickle ball and more. The impressive community entrance will include a manned guard house, water features and lush landscaping. These amenities will be nestled in picturesque surroundings including 12 lakes, walking trails and covered verandas.

“K. Hovnanian’s® Four Seasons at Parkland will be the next generation of 55+ active adult living,” said Derek Fenech, K. Hovnanian® Homes® Southeast Florida Division President. “We are not just building top-quality homes and amenities, but creating a private oasis that provides a true resort-at-home lifestyle. At K. Hovnanian’s® Four Seasons at Parkland, baby boomers can fully celebrate life with unlimited opportunities for recreation and socialization right in their own backyard.”

Sales at K. Hovnanian’s® Four Seasons at Parkland are expected to begin in late summer 2015 from a modern sales gallery. Later this year, twelve professionally decorated model homes will begin opening in a scenic park setting.

About Hovnanian Enterprises®, Inc.:        

Hovnanian Enterprises, Inc., founded in 1959 by Kevork S. Hovnanian, is headquartered in Red Bank, New Jersey. The Company is one of the nation’s largest homebuilders with operations in Arizona, California, Delaware, Florida, Georgia, Illinois, Maryland, Minnesota, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, D.C. and West Virginia. The Company’s homes are marketed and sold under the trade names K. Hovnanian® Homes®, Brighton Homes® and Parkwood Builders. As the developer of K. Hovnanian’s® Four Seasons communities, the Company is also one of the nation’s largest builders of active adult homes.

Additional information on Hovnanian Enterprises, Inc., including a summary investment profile and the Company’s 2014 annual report, can be accessed through the “Investor Relations” section of the Hovnanian Enterprises’ website at http://www.khov.com. To be added to Hovnanian's investor e-mail or fax lists, please send an e-mail to IR(at)khov(dot)com or sign up at http://www.khov.com.

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Pamela Armstrong
K. Hovnanian® Homes®
+1 (954) 379-2115 Ext: 403
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