Business
JFB Construction Holdings Awarded Contract of Approximately $11 Million for the Construction of Eight Homes in Jupiter, Fla.
Construction of eight custom spec homes to commence in Q2 2026 Lantana, Fla., Jan. 27, 2026 (GLOBE NEWSWIRE) -- JFB Construction Holdings (Nasdaq: JFB), a real estate development and construction company focused on hospitality, commercial, industrial, and residential property development, today announced that it has been awarded a contract of approximately $11 million for the construction of eight individual custom spec homes in Jupiter, Florida. “The contract is for the custom build of eight sp
About this update from Jfb Construction Holdings
[{"type":"image","alt":"JFB Construction Holdings","displaySize":"","headline":null,"caption":"JFB Construction Holdings","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":260,"url":"https://media.zenfs.com/en/globenewswire.com/fa3c514305532705eaf8be1d6d580724"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ZqIlZ5rVCzaa60mYRHAg8Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTM2NDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/fa3c514305532705eaf8be1d6d580724","width":300,"height":260}},"lazy":false},{"type":"text","content":"Construction of eight custom spec homes to commence in Q2 2026","length":62,"tagName":"p"},{"type":"text","content":"Lantana, Fla., Jan. 27, 2026 (GLOBE NEWSWIRE) -- JFB Construction Holdings (Nasdaq: JFB), a real estate development and construction company focused on hospitality, commercial, industrial, and residential property development, today announced that it has been awarded a contract of approximately $11 million for the construction of eight individual custom spec homes in Jupiter, Florida.","length":387,"tagName":"p"},{"type":"text","content":"“The contract is for the custom build of eight spec homes of approximately 4,000 to 5,000 square feet for each home,” said Chief Executive Officer Joseph F. Basile, III. “This project is another important part of the high-end residential construction segment of JFB, where we focus on custom home builds primarily in the South Florida region. We will continue to focus on the growth of this segment as we diversify our business offerings. Currently, we have begun construction at The Preserve at Port Salerno, Florida, a 79-unit townhome development with a total project cost valued at $21 million.","length":598,"tagName":"p"},{"type":"text","content":"“Moving into 2026, we believe that we will have the opportunity to further participate in the construction of high-end, custom-built residential properties, as we foster strong relationships within the construction and development community that create opportunities to continue to grow the residential segment of JFB. We anticipate starting construction on these homes in Q2 2026 and we expect to complete the entire project by the end of Q4 2027,” concluded Mr. Basile.","length":471,"tagName":"p"},{"type":"text","content":"About JFB Construction Holdings","length":31,"tagName":"p"},{"type":"text","content":"J...