Green construction and luxury homes might sound like an oxymoron – but not to Stephen Ellis and Grant Castilow.
The partners met in 2006 after Ellis sold the environmental-waste consulting business he had run for 12 years. At loose ends, he turned his attention to real estate and began fixing and flipping properties. When he acquired a small 1940s bungalow, Ellis asked Castilow, a general contractor, to help him expand it. To differentiate the property, they embraced green building practices and renovated the first existing home to be certified by the Florida Green Building Coalition (the state’s version of LEED). In addition, the bungalow received the coalition’s second-highest score of all previously ranked homes.
Today MGB generates about $5 million in annual revenue with 10 employees. The company has won numerous awards including being ranked No. 326 on the 2011 Inc. 500 list (the only green builder on the list) and was named 2010 Hall of Fame Entrepreneur Award winner by the Sarasota Economic Development Corp.
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