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F&R · Journal

F&R CONSTRUCTION GROUP, INC.

Press ·
F&R CONSTRUCTION GROUP, INC.
F&R Construction Group · Puerto Rico

50 years of family tradition transforming Puerto Rico.

Founded in 1972, F&R Construction Group, Inc. (F&R) has become one of the most relevant companies in Puerto Rico’s construction industry. Brothers Ángel Antonio “Toño,” José Miguel “Jama” and Jaime Fullana Olivencia started it to serve their father’s development firm; the name combines the surnames Fullana and (Vicente) Resto, a founding partner until 1977. Today it is led by founders Toño and Jama Fullana Olivencia (president and secretary), alongside Antonio Fullana Morales (VP and partner), José Miguel “Ito” Fullana Morales (chief estimator and partner), Manuel Jaime “Manolo” Fullana Morales (scheduling and compliance VP and partner) and Néstor Amador Chacón (executive VP and partner).

The firm’s “one for all and all for one” philosophy means decisions are made by consensus, with each partner responsible for a specific area and an experience-honed “sixth sense” for choosing the right projects. Its first project was San Agustín Apartments in Río Piedras, followed by Condominio Playamar in Isla Verde and, notably, Condominio Isleta Marina in Fajardo (begun in 1973) — a $10M+ project whose main early hurdle was securing bonding, solved when Benítez Insurance issued eight $1 million bonds.

Over five decades F&R has built more than 18,000 new housing units for developer clients, 2,394 for related entities, and repaired 23,000 homes (with BLDM) within a year after Hurricane María under the STEP program. Emblematic works include Isleta Marina; the $125M Sheraton Puerto Rico Convention Center — the island’s first LEED-certified project; the McConnell Valdés offices; most of the island’s judicial centers; hospitals such as the Comprehensive Cancer Center and the Guaynabo CDT; the Puerto Rico Museum of Art; and the San Isidro Vocational School. Its leaders emphasize hands-on partner involvement at every stage, the adoption of technology, the central role of roughly 400 employees (many with 30-44 years of tenure), and a renewed push to bring concrete work back in-house — closing on an optimistic note about the future of Puerto Rico and its construction industry.

— F&R
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