OLD GREENWICH, Conn. — Star Equity Holdings, Inc. announced that its subsidiary, KBS Builders, Inc., has been awarded a $4.2 million contract to deliver a multifamily housing project in New Hampshire, reinforcing its growing presence across the New England market.
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The contract includes the manufacturing of 36 modular units for six duplex-style buildings totaling 26,088 square feet. The development will serve as a residential assisted living facility and is designed with a focus on sustainability and energy efficiency.
Production is expected to begin in May, with delivery scheduled for completion in the third quarter of 2026.
“We are proud to win another multifamily contract in New England, reinforcing our strong market presence in the region as well as the continued confidence our customers place in KBS’s multifamily modular solutions,” said Jeff Eberwein, CEO of Star. “This project further highlights KBS’s unique capabilities and deep expertise in delivering energy-efficient housing using advanced building envelope systems, high-performance insulation, and efficient mechanical systems aligned with net-zero energy objectives. Also, KBS’s selection reflects a proven track record of executing complex projects on time and on budget. We believe favorable demographic trends, ongoing housing shortages, and growing demand for sustainable solutions will continue to drive long-term growth in modular construction.”
The project will utilize advanced modular construction techniques, enabling faster build times and improved quality control compared to traditional construction methods. The homes are designed to meet net-zero energy goals, incorporating high-performance materials and systems to reduce energy consumption and environmental impact.
KBS Builders has built a reputation for delivering modular solutions across multiple sectors, including multifamily housing, workforce housing, student housing and hospitality. By combining precision manufacturing with streamlined logistics, the company aims to accelerate project timelines while maintaining cost efficiency.
Industry experts note that modular construction continues to gain traction as developers seek faster, more sustainable ways to address housing shortages, particularly in high-demand regions like New England.
The contract marks another milestone for Star Equity Holdings’ Building Solutions division, which includes modular manufacturing, structural wall systems and engineered wood products such as glue-laminated timber.
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Star Equity Holdings operates as a diversified holding company with four primary divisions: Building Solutions, Business Services, Energy Services and Investments. The company focuses on acquiring and growing businesses with strong market potential while expanding its footprint in key sectors.
KBS’s continued project wins highlight the increasing demand for modular construction as a scalable solution to housing challenges. Company officials pointed to favorable demographic trends and rising demand for sustainable development as key drivers of future growth.
With production set to begin shortly, the New Hampshire project is expected to further demonstrate the viability of modular construction in delivering high-quality, energy-efficient housing at scale.
Originally reported by Acquiremedia in Market Screener.
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