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LANTANA, FL - JFB Construction Holdings (NASDAQ:JFB), known for its commercial and residential development projects, has announced it will begin construction on a significant new project in Charlotte, North Carolina, in the third quarter of 2025. The project, named Auto Clubhouse Charlotte, will be the largest single commercial construction endeavor in the company’s history. According to InvestingPro data, JFB maintains a strong financial position with more cash than debt on its balance sheet and a healthy current ratio of 2.7x, indicating solid operational capacity for this expansion.
As the prime contractor, JFB Construction will oversee the design and build of a 103,000 square foot warehouse specifically tailored for car storage, featuring 42 luxury auto condo bays and an additional 40,000 square foot building for storing luxury vehicles. This development is intended to cater to a community of affluent automobile enthusiasts, providing them with customizable garages, high-end security, and a members’ clubhouse. With a market capitalization of $38.5 million and trading at premium valuation multiples, JFB appears to be priced above its Fair Value according to InvestingPro analysis.
CEO Joseph F. Basile, III emphasized the importance of the general commercial construction division to the company’s growth, stating that this division will continue to be a focus in the Southern Atlantic region. He also noted that the project aligns with the company’s strategy to focus on areas with increasing state-to-state migration and population growth.
The Auto Clubhouse concept is not new to JFB Construction, with the first such facility currently under construction in Jupiter, Florida. Plans are also in place for future Auto Clubhouse locations in Dallas, Texas; Scottsdale, Arizona; and Sarasota, Florida.
JFB Construction’s reputation is built on delivering quality through hands-on expertise, a fact highlighted by the company’s reliance on referrals and repeat business for project acquisition. The company has completed a diverse range of construction projects across 36 U.S. states.
The press release also contains forward-looking statements, cautioning readers that actual results could vary from the company’s expectations. These statements are based on projections about future events and are subject to risks and uncertainties.
This news article is based on a press release statement from JFB Construction Holdings.
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