- JFB Construction Holdings (JFB, Financial) announces a $15 million Auto Clubhouse project in Charlotte, its largest single commercial endeavor.
- The project includes a 103,000 square foot facility with 42 luxury auto condo bays and a 40,000 square foot storage building.
- Commencement is set for Q3 2025, with JFB serving as the prime contractor, expanding its footprint in the industrial construction sector.
JFB Construction Holdings, trading under the ticker JFB, has announced plans for its largest single commercial construction project, the $15 million Auto Clubhouse in Charlotte, North Carolina. The project is set to begin in the third quarter of 2025.
The Auto Clubhouse development will feature a 103,000 square foot warehouse with 42 luxury auto condo bays and an additional 40,000 square foot storage building tailored for high-end vehicles. As the prime contractor, JFB will manage both the design and construction, underscoring its comprehensive capabilities in the construction industry.
This exclusive facility aims to serve affluent auto enthusiasts by providing built-to-suit customizable garages with advanced security systems and access to a members' clubhouse. The Charlotte initiative follows the company's ongoing development of a similar clubhouse in Jupiter, Florida, with further expansions planned for Dallas, Scottsdale, and Sarasota.
JFB's strategic focus on the Southern Atlantic region aligns with areas experiencing demographic growth, which could bolster sustained demand for their construction services. With the Auto Clubhouse project valued at 40% of its current $37.3 million market cap, the development is poised to be a significant revenue contributor.
CEO Joseph F. Basile, III emphasized the role of the company's general commercial construction division in its growth trajectory, positioning JFB for continued expansion within the industrial sector.
