WALTHAM, MA—Boston Real Estate Times announced that it will honor Cabot, Cabot & Forbes CEO Jay Doherty with the “Person of the Year” Award 2020 on April 17h during its annual awards ceremony at Westin Hotel in Waltham, MA.
Mr. Doherty today leads Boston’s oldest development firm with its origins in Boston real estate in the early 1900s. He purchased the company in 2004 from its prior owners, the Marshall Field Family.
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CC&F projects in pipeline include a 12 acre, 1.1 million square foot mixed use project in the Alewife area of Cambridge that will provide new mobility for the area with a bridge spanning the MBTA commuter rail tracks. Also pending construction is the 445-unit redevelopment of the former Boston Cab site in Boston’s Fenway.
“We’re very excited to honor Mr. Doherty with Boston Real Estate Times’ prestigious Person of the Year Award,” said Upendra Mishra, publisher of Boston Real Estate Times. “Mr. Doherty is the early pioneer of transit-oriented development in Boston. He and his company have played an important role in shaping the Greater Boston real estate landscape.”
Mr. Doherty joined CC&F in 1981, taking over all New England operations in 1989. While managing the firm’s mainstay business of office/R&D development, beginning in the early 1980s, hw began focusing the company on the earliest efforts in Greater Boston to create development around the MBTA’s core system, a development approach later to become known as transit oriented development (TOD).
Since the mid-1980s, Mr. Doherty has led in the creation of 2,000,000 square feet of Greater Boston transit-oriented office/R&D projects, and, more recently, in the creation of 2,500 residential units in Cambridge, Boston and Quincy.
“CC&F is committed to the greater Boston community with strategic investments in mixed use development and public/private partnerships that can address area needs in mobility, climate change and infrastructure development,” Mr. Doherty told Boston Real Estate Times.
Today, CC&F has strengthened its transit-oriented development focus with major projects such as the Overlook at St. Gabriel’s, a 12-acre, 650 unit project in Brighton at Commonwealth Avenue that is highlighted by the restoration of two early 1900s historic buildings, the St. Gabriel’s Monastery and the St. Gabriel’s Church.
In addition, CC&F partnered with the Environmental Protection Agency in one of the first in the nation multifamily projects to be developed on a former Superfund property, a 290 unit project at Woburn’s Anderson MBTA Commuter Rail Station, now in joint venture construction with Toll Bros.
Mr. Doherty is a former President and Chairman of NAIOP’s Boston Chapter and is the Chair of the Transportation & Housing Committee of the Massachusetts Business Roundtable.
He is a graduate of Middlebury College and Harvard Business School.