KBS Builders Wins $2 Million Contract for Workforce Housing Project on Nantucket
Key Highlights
- ➤KBS signs approximately $2 million contract for Nantucket workforce housing
- ➤Project covers 12 modules totaling approximately 8,000 square feet
- ➤Production commenced; delivery projected before year end 2026
- ➤Workforce housing and assisted living are growing shares of Building Solutions backlog
Expert Statements
Jeff Eberwein, CEO of Star Equity Holdings
“We are proud to win another workforce housing contract on Nantucket, reinforcing our strong market presence in the region as well as the continued confidence our customers place in KBS’s modular solutions. Winning repeat business on Nantucket is the clearest evidence that KBS delivers on schedule and on budget in one of the most logistically demanding markets in New England, and these awards improve factory utilization and the earnings power of our Building Solutions division.”
Thatcher Butcher, President of KBS Builders
“This award highlights KBS's ability to take on a logistically challenging island project and deliver it with certainty, speed, and quality. Building in a controlled factory environment removes weather risk from the critical path and compresses the on-site schedule – advantages that are magnified on an island where every material and trade must be delivered by water. We are proud of this project and look forward to continuing to partner with the Nantucket community to deliver more high-quality housing to the island.”
OLD GREENWICH, Conn., Nov. 12, 2026 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star” or the “Company”), a diversified holding company, announced today that its wholly owned subsidiary, KBS Builders, Inc. (“KBS”), has signed an approximately $2 million contract to manufacture a workforce housing project on Nantucket, Massachusetts.
The contract covers the manufacture of 12 modules to provide approximately 8,000 square feet of workforce housing. The two-story building is designed with a 140-mph wind rating and additional features to enhance safety in Nantucket's coastal weather environment. Production has already commenced and delivery is projected before year end 2026. Workforce housing and assisted living now represent a growing share of the Building Solutions division’s backlog.
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