Kbs builders wins $4.2 million contract to manufacture workforce housing on nantucket

Old greenwich, conn., june 16, 2022 (globe newswire) -- star equity holdings, inc. (nasdaq: strr; strrp) (“star equity” or the “company”), a diversified holding company, announced today that its kbs builders, inc. (“kbs”) business has signed a $4.2 million contract to manufacture 60 modules for the construction of eight new multi-family buildings as part of a workforce housing development on the island of nantucket in massachusetts. this development will help improve nantucket's availability of affordable housing, a longstanding challenge facing the island. production of two of the eight buildings has already commenced, and production of the remaining buildings is expected to continue into the fall of 2022.
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