JFB Construction Holdings Announces $15M Industrial Construction Of Auto Clubhouse In Charlotte, North Carolina. Project Is Expected To Commence In Q3 2025

Construction on Auto Clubhouse Charlotte is Expected to Commence in Q3 2025

Lantana, FL, April 22, 2025 (GLOBE NEWSWIRE) -- JFB Construction Holdings (NASDAQ:JFB), a construction company focused on commercial, retail, and residential property development, today announced plans to commence, in Q3 2025, the largest single commercial construction project in company history. Pursuant to the Agreement, JFB will serve as the prime contractor to manage design and construction of Auto Clubhouse in Charlotte, North Carolina, a 103,000 square foot warehouse for car storage that contains 42 luxury auto condo bays and a 40,000 square foot storage building for luxury vehicles.

"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 CEO Joseph F. Basile, III. "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. 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 is an exclusive community of affluent high net-worth auto enthusiasts looking to store their luxury cars. The community offers built-to-suit customizable garages, which will be also constructed by JFB Construction, with high-end security, a members' clubhouse and additional benefits. The first Auto Clubhouse is under construction in Jupiter, Florida. The Company is currently in planning stage for the building of additional Auto Clubhouse locations in Dallas, Texas, Scottsdale, Arizona, and Sarasota, Florida.