JFB Construction awarded contract of $11M for custom spec homes

JFB Construction (JFB) 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 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.