Lantana, Florida – April 22, 2025 – JFB Construction Holdings (Nasdaq: JFB) has unveiled plans for a significant expansion of its commercial and industrial portfolio with a $15 million construction project in Charlotte, North Carolina. Set to break ground in the third quarter of 2025, the project marks the largest single commercial construction contract in the company’s history.

The project involves the construction of Auto Clubhouse Charlotte, a 103,000-square-foot facility designed for high-end car storage. The site will include 42 luxury auto condo bays and a 40,000-square-foot storage building tailored specifically for luxury vehicles. JFB will serve as the prime contractor, managing both the design and build of the complex.

In announcing the milestone, JFB CEO Joseph F. Basile, III, emphasized the strategic importance of the project to the company’s long-term growth trajectory:

“Our general commercial construction division that has been a key component of our past growth will continue to be instrumental in the future growth of our business which represents a significant portion of our total revenue,” said Basile. “The Auto Clubhouse project is our largest single commercial / industrial construction project to date, in which we will serve as the prime contractor. This is a 103,000 square foot warehouse and condos to store luxury vehicles. We believe that this industrial project will open the doors for more industrial projects in the future.”

According to Basile, the company’s construction division will maintain its geographic focus on the Southern Atlantic region, capitalizing on states experiencing steady population inflow.

“Our general commercial construction division will continue to focus on the Southern Atlantic region of the United States in the short to mid-term, focusing on regions where we forecast continued state-to-state migration and expanding population growth.”

Auto Clubhouse Charlotte will be part of a growing network of exclusive automotive communities designed for affluent collectors and enthusiasts. The facilities provide secure, customizable luxury garages along with members-only amenities such as private lounges and event spaces. JFB is also behind the construction of the flagship Auto Clubhouse currently underway in Jupiter, Florida, with further developments in Dallas, Texas; Scottsdale, Arizona; and Sarasota, Florida in the planning stages.

About JFB Construction Holdings

JFB Construction Holdings brings a legacy of experience in the construction and real estate development space. With a portfolio spanning over 2 million square feet of retail and commercial space, including multifamily communities, national retail franchises, and custom luxury estates, the company has developed a trusted reputation for quality and execution.

Built largely on referrals and repeat clients, JFB has provided general contracting and construction management services across 36 U.S. states. The company’s personalized approach and hands-on project oversight have been hallmarks of its success.

Forward-Looking Statement

This announcement includes forward-looking statements, which reflect JFB’s current expectations regarding future events. These include projections about project completion, regional expansion, and overall business growth. Actual results may differ materially due to market conditions, regulatory developments, or operational risks. Readers are cautioned not to place undue reliance on forward-looking statements, which are provided in accordance with the U.S. Private Securities Litigation Reform Act.

Originally reported by Global News Wire.