JFB Construction Holdings Commences Construction on Multi-Million-Dollar Residence and Equestrian Estate in Wellington, Fla.

Rhea-AI Summary

JFB Construction Holdings (Nasdaq: JFB) has begun construction on a luxury residence and equestrian estate in Wellington, Florida. The project features a 17,000 square foot home on a five-acre estate, including an attached guest house, a six-stall barn with detached utility garage, and a full riding arena. This development is part of JFB's previously announced $69.5 million in new contracts for 2025 and represents the company's strategic focus on expanding its high-end residential construction segment in South Florida. CEO Joseph F. Basile III emphasized Wellington's status as a premier global horse sports destination and highlighted the company's commitment to leveraging relationships with architects, engineers, and designers to drive growth in the residential construction segment.

Positive

• Project is part of $69.5 million in new contracts secured for 2025
• Strategic expansion into high-end residential construction segment diversifies service offerings
• Project showcases company's ability to secure luxury construction contracts
• Strong relationships with architects, engineers, and designers create new business opportunities

Negative

• None.

Lantana, Fla., June 11, 2025 (GLOBE NEWSWIRE) -- JFB Construction Holdings (Nasdaq: JFB), a real estate development and construction company focused on hospitality, commercial, industrial and residential property development, announces that it has commenced construction on a custom-build, multi-million-dollar residence and equestrian estate in Wellington, Florida.

“Owning an equestrian estate home in the established community of Wellington, Florida is truly a unique experience,” said CEO Joseph F. Basile, III. “Wellington is globally recognized as the premier horse sports destination in the world. The 17,000 square foot home is situated on a five-acre estate. It is a single-family house with an attached guest house, a six-stall barn with a detached utility garage and a full riding arena.

“This custom estate with state-of-the-art equestrian facilities is part of the high-end residential construction segment of JFB and was included as part of our previous announcement of $69.5 million in new contracts to date for 2025. Our residential construction segment focuses on custom home builds primarily in the South Florida region. In 2025, we have focused more on growth of this segment to continue to diversify our service offerings. Our relationships with architects, engineers and designers create opportunities for our participation in these projects, and we will continue to foster these relationships to continue growth in this segment,” concluded Mr. Basile.

About JFB Construction Holdings

JFB Construction Holdings (“JFB”) offers generations of combined experience in residential and commercial construction and development. Having the experience of building Multifamily communities, Shopping Centers, National Franchises, exclusive estate & equestrian homes, and over 2 million square feet of commercial and retail. JFB provides hands-on, professional expertise, which has led to the quality and production we are known for.

JFB’s reputation has been built on its clients' trust and the value it brings to each project.

JFB is proud that most of its projects are obtained through 100% referrals and repeat customers, and that to-date it has provided general contracting and construction management services in 36 U.S. states.

CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking statements”. You can identify forward-looking statements as those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. The reader is cautioned not to rely on these forward-looking statements. Actual results could vary materially from the expectations and projections of JFB Construction. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including statements regarding the use of proceeds from the sale of our shares in the Offering; and the uncertainty regarding future commercial success. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking statements discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us, including those described in JFB Construction’s prospectus filed with the SEC. We do not undertake to update any forward-looking statement as a result of new information or future events or developments, except as required by U.S. federal securities laws.

JFB Construction Holdings Contact:
Joseph F. Basile, III
561-582-9840.
joe@jfbconstruction.net

Investor Relations Contact:
CORE IR
Mike Mason
516 222 2560
investors@jfbconstruction.net

FAQ

What is the size and scope of JFB Construction's new Wellington estate project?

The project includes a 17,000 square foot main residence on a five-acre estate, featuring an attached guest house, six-stall barn, detached utility garage, and full riding arena.

How much in new contracts has JFB Construction (JFB) secured for 2025?

JFB Construction has secured $69.5 million in new contracts to date for 2025.

Where is JFB Construction focusing its residential construction segment?

JFB Construction is primarily focusing its residential construction segment in the South Florida region.

What is JFB Construction's strategy for growth in the residential construction segment?

JFB is focusing on fostering relationships with architects, engineers, and designers to create opportunities and continue growth in the high-end residential construction segment.

Why did JFB Construction choose Wellington, Florida for this project?

Wellington, Florida is globally recognized as the premier horse sports destination in the world, making it an ideal location for a luxury equestrian estate.