LANTANA, FL – April 16, 2025 – JFB Construction Holdings (Nasdaq: JFB) has officially begun work on what will be the most substantial construction project in its history: a $21 million contract to build The Preserve at Port Salerno, a 79-unit luxury townhome community in Port Salerno, Florida. The company expects construction to begin by May 1, 2025.

As the general contractor, JFB will oversee development of the upscale two-story rental townhomes, each ranging from 1,600 to 1,700 square feet. The site will also feature a clubhouse, pool, and preserved green space, all within close proximity to Stuart Airport, the Intracoastal Highway, and the Atlantic Ocean.

CEO Joseph F. Basile, III emphasized how this project fits into the company’s broader strategy:
“We believe that the increased proliferation of larger multi-family residential developments such as condominiums and townhouses will be instrumental in JFB’s growth,” he said.

He added, “The Preserve project agreement, our largest single contract ever in which we will serve as the general contractor, is a 79-unit townhome development with an additional community clubhouse and amenities with a designated preserve area. We believe projects such as this one will be key to our future success, providing increased opportunity to manage larger construction projects and establish our continued leadership among our regional competitors in managing jobs at this scale.”

The Preserve at Port Salerno aims to deliver both luxury and sustainability, offering a tranquil, eco-conscious living experience that complements the vibrant South Florida coastal lifestyle.

About JFB Construction Holdings

JFB Construction Holdings brings decades of cumulative experience to the commercial and residential construction space. With a portfolio that includes shopping centers, national franchise locations, custom homes, and over 2 million square feet of completed commercial and retail development, the company has provided construction services in 36 states.

Known for its high repeat-client rate and quality craftsmanship, JFB prides itself on the value and trust it brings to every project.

For further information, contact:

• Joseph F. Basile, III | CEO
  Phone: 561-582-9840
  Email: joe@jfbconstruction.net
• Investor Relations Contact:
  Mike Mason, CORE IR
  Phone: 516-222-2560
  Email: investors@jfbconstruction.net

Originally reported by Global News Wire.