Dive Temporary:
- Stone Martin Builders, a single-family house builder based mostly in Auburn, Alabama, has launched a brand new division, Stone Martin Industrial, centered on business development initiatives.
- The brand new division goals to accomplice with builders on master-planned communities and small-scale business initiatives, in accordance with a information launch shared with Multifamily Dive.
- To guide the brand new division, Stone Martin Builders has introduced in Drew Brown, previously vp of Auburn, Alabama-based Rabren Common Contractors, as vp of business development.
Dive Perception:
On this new division, Brown goals to leverage the builder’s current popularity, subcontractor base and high quality management processes.
“With over 30 years of numerous expertise spanning varied sectors of business development, Drew [Brown] brings invaluable experience and a confirmed monitor file of success,” mentioned John Manasco, chief working officer of Stone Martin Builders, within the launch. “Beneath his management, we are able to increase organically, using our established relationships and dedication to high quality to help progress and create jobs within the native enterprise group.”
Stone Martin Builders, established in 2006, was ranked at No. 86 on the 2024 Builder 100 checklist of the biggest builders within the nation, with 645 houses closed and $256 million in income in 2023. Its unit combine final yr included 627 indifferent for-sale houses, 10 connected for-sale houses and eight single-family build-to-rent houses. Nearly all of its present initiatives are in Alabama and Georgia.
“I’m motivated by the chance to construct upon Stone Martin’s sterling popularity and increase Stone Martin Builder’s presence into the business development market,” Brown mentioned within the launch. “My objective for Stone Martin Industrial is to concentrate on high quality, innovation and shopper satisfaction whereas fostering a tradition of collaboration and progress inside the firm.”
Stone Martin Builders isn’t the one residential agency increasing its attain. Greystar, the No. 1 multifamily developer, proprietor and supervisor within the nation, not too long ago introduced an growth into infrastructure improvement, with a concentrate on clear energy, information facilities, transition fuels, social infrastructure, transportation and logistics services. Like Stone Martin, Greystar mentioned it intends to leverage its current attain to safe venture alternatives.
“The infrastructure enterprise will slot in seamlessly inside the Greystar platform, leveraging the interior sources and scale of the broader enterprise,” Michael Hoverman, govt director of infrastructure at Greystar, instructed Multifamily Dive.
