Franklin Construction Company Profile

Background

Franklin Construction is a multifaceted construction firm with a rich history spanning over a century. Established in 1917 by Francesco Tagliatela, the company initially focused on building single-family homes. Over the decades, it expanded its portfolio to include large-scale projects such as schools, fire stations, and libraries. Under the leadership of Francesco's son, Louis Tagliatela Sr., the company shifted its focus to building and managing apartment communities, notably developing a significant portfolio in Greater New Haven. Today, the company is managed by the third and fourth generations of the Tagliatela family, including Louis Tagliatela Jr., Patricia Tagliatela, Stephen Tagliatela, and Lauren Tagliatela.

Key Strategic Focus

Franklin Construction's strategic focus centers on the development, construction, and management of residential and commercial properties, with a particular emphasis on multifamily housing. The company aims to create communities that enhance the quality of life for residents while delivering value to investors. This mission is supported by a commitment to sustainable building practices and community revitalization efforts.

Financials and Funding

As a privately held company, Franklin Construction does not publicly disclose detailed financial information. However, it has demonstrated consistent growth and stability through its extensive project portfolio and longstanding industry presence. The company has successfully secured financing for numerous projects, including partnerships with public housing authorities and private investors, reflecting its strong financial standing and credibility in the construction industry.

Pipeline Development

Franklin Construction has an active pipeline of projects that showcase its expertise in multifamily housing and community development. Notable projects include:

Canal Crossing at Whitneyville West: A luxury apartment community in Hamden, Connecticut, featuring 393 units with modern amenities.

Cape Arundel Cottage Preserve: A development of 263 seasonal cottages near Kennebunkport, Maine, emphasizing sustainable design and community integration.

Chartwell Mews – Bluffton, SC: A 95-acre development included in the 350-acre Myrtle Park Project, focusing on high-quality multifamily housing.

These projects reflect Franklin Construction's commitment to delivering high-quality, sustainable housing solutions that meet the evolving needs of communities.

Technological Platform and Innovation

Franklin Construction integrates sustainable practices into its construction processes, including:

Recycling: The company recycles 95% of its construction waste, demonstrating a strong commitment to environmental responsibility.

Solar Energy: Properties like Saybrook Point Resort and Canal Crossing feature solar photovoltaic panels, contributing to energy efficiency and sustainability.

Saltwater Pools: The use of saltwater pools in developments such as Canal Crossing reduces the use of harsh chemicals, promoting a healthier environment for residents.

Leadership Team

Franklin Construction is led by the following key executives:

Louis Tagliatela Jr. – Co-Owner: Oversees new and major construction projects, contributing to the expansion of the company's property portfolio.

Stephen Tagliatela – Co-Owner: Manages hospitality and tourism ventures, including the Saybrook Point Inn, Spa, & Marina, and focuses on green initiatives within the company.

Patricia Tagliatela – Co-Owner: Manages North Haven Health & Racquet, overseeing its operations and interior design aspects.

Lauren Tagliatela – Chief Community Officer: Engages residents, increases satisfaction and retention, and directs marketing initiatives for Franklin Communities.

Market Insights and Competitive Landscape

The construction industry, particularly in the multifamily housing sector, is experiencing steady growth driven by increasing demand for quality housing and urban development. Companies like Franklin Construction are well-positioned to capitalize on this trend through their extensive experience and commitment to sustainable development.

Franklin Construction operates in a competitive landscape with several notable firms:

Hensel Phelps Construction Co.: A large general contractor and construction manager based in Greeley, Colorado, with revenues of $7.1 billion in 2024.

Brasfield & Gorrie, LLC: One of the largest privately held construction firms in the U.S., headquartered in Birmingham, Alabama, with revenues over $6 billion in 2024.

Vulcan Materials Company: The largest producer of construction materials in the U.S., based in Birmingham, Alabama, with approximately 12,000 employees.

While these competitors are larger in scale, Franklin Construction differentiates itself through its long-standing history, family ownership, and focus on sustainable, community-oriented projects.

Strategic Collaborations and Partnerships

Franklin Construction has established partnerships with various public housing authorities and private investors, enabling the successful completion of numerous projects. These collaborations reflect the company's ability to navigate complex financing structures and deliver value to all stakeholders involved.

Operational Insights

Franklin Construction's operational strategy emphasizes quality, integrity, and community development. The company's focus on sustainable building practices and community revitalization efforts positions it as a leader in creating housing solutions that meet the evolving needs of residents.

Strategic Opportunities and Future Directions

Looking ahead, Franklin Construction aims to expand its portfolio by exploring new markets and continuing to develop high-quality, sustainable housing communities. The company's strong foundation and commitment to excellence provide a solid platform for future growth and success.