JFB Construction Holdings announced that it has begun vertical construction on The Preserve at Port Salerno, a 79‑unit townhome development in Port Salerno, Florida. The project, secured in April 2025 for $21 million, is the company’s largest single multi‑family contract and will generate roughly $12 million in revenue in 2026.
The development features a community clubhouse, pool amenities, and a preserve area, positioning it to capture the growing demand for multi‑family housing in South Florida. By moving from contract award to active construction, JFB demonstrates its ability to deliver large‑scale residential projects on time and on budget, a key capability that investors view as a competitive advantage.
JFB’s revenue trajectory has been uneven in recent quarters. The company reported a decline in commercial and residential construction revenue in early 2025, with Q2 2025 revenue falling and 2024 annual revenue down 28.7% year‑over‑year. The new Port Salerno contract is therefore a critical revenue source that helps offset those earlier declines and supports the company’s 2025 guidance of $32 million in revenue, a 40% increase versus 2024.
CEO Joseph F. Basile III highlighted the project’s strategic importance, noting that “The Preserve is on time and on budget, and it underscores our commitment to expanding our residential portfolio in a high‑growth market.” The announcement also coincided with positive market reaction drivers: investors welcomed the demonstration of execution capability on a record‑breaking contract and the company’s optimistic revenue outlook for 2025.
Looking ahead, the Port Salerno development is expected to accelerate JFB’s growth trajectory. The project’s completion will unlock additional cash flow, strengthen the company’s balance sheet, and position JFB to pursue further large‑scale residential opportunities in the South Florida market. The milestone signals that JFB is building a sustainable pipeline of high‑margin projects that can drive long‑term profitability.
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