JFB Construction Commences $21M Multi-family Development Construction Contract; Construction Expected To Begin By May 1, 2025

Construction on 79-Unit Development, The Preserve at Port Salerno, Expected to Commence by May 1, 2025

Lantana, FL, April 16, 2025 (GLOBE NEWSWIRE) -- JFB Construction Holdings (NASDAQ:JFB), a construction company focused on commercial, retail, and residential property development, announces that it is commencing the largest single multi-family development construction contract in company history, valued at $21 million. The Company will act as the general contractor for The Preserve at Port Salerno, a 79-unit townhome development with clubhouse and pool amenities in Port Salerno, Florida.

"We believe that the increased proliferation of larger multi-family residential developments such as condominiums and townhouses will be instrumental in JFB's growth," said CEO Joseph F. Basile, III. "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 is a new luxury townhome project of upscale two-story rental townhomes ranging from 1600 to 1700 square feet, located within quiet Port Salerno / Stuart, Florida. The community offers luxurious yet earth-friendly amenities and is located within minutes of the Intracoastal Highway, Atlantic Ocean, and Stuart Airport, providing effortless access to the South Florida urban-coastal lifestyle.