The Top 10 Commercial Real Estate Developers of Boston in 2020

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BOSTON— Boston Real Estate Times today released its list of Top 10 Commercial Developers in Boston. The ranking is based on square footage developed in Massachusetts in 2019.

#1: The Davis Companies

Jon Davis (Photo: The Davis Companies)

Name of the Firm: The Davis Companies

Square footage developed in Massachusetts: 3,700,000 SF

Square footage developed worldwide: 9,300,000 SF

Number of employees in Massachusetts: 110

President/CEO: Jonathan Davis, CEO & Founder

Address: 125 High Street, Suite 2111, Boston, MA 02110

Phone Number: (617) 549-0323 Website: www.thedaviscompanies.com

Key project highlight: 100 Shawmut Luxury Condos in Boston, MA (Fall 2020), Omni Hotel in Seaport – Boston, MA (2020), Terminal 21 apartments in Pittsburgh, PA, The Georgia International Trade Center, The Quad Life Science Campus in Cambridge (2nd phase), 88 Black Falcon Pier in Boston, MA.

What makes The Davis Companies stand out from all the rest? In their words: “The Davis Companies’ development process is fully integrated from conception to completion. We operate on a broad array of asset classes including: office, life science/lab, luxury condominiums, apartments, retail, urban industrial and self-storage platforms. Our unique trading desk concept sources a variety of transactions including direct development, third party joint ventures and a multitude of financial instruments. Our team’s comprehensive approach to planning and design, and our significant development and construction experience informs: project feasibility and design, accurate cost underwriting, and enables us to assess a variety of transactions for on-time and on-budget delivery for projects large and small. The Davis Companies is committed to delivering new developments and enhancing existing assets with careful consideration for the environment. Our development experience includes nearly 2 million SF that has been LEED certified. Our successes in delivering environmentally sustainable buildings are a testament to both The Davis Companies’ strong commitment to responsible development, and our investors and tenants partnership’s support of energy efficiency and green design.”

#2: The HYM Investment Group

Thomas N. O’Brien

Name of the Firm: The HYM Investment Group, LLC

Square footage developed in Massachusetts: 1,547,900 SF

Number of employees in Massachusetts: 36

President/CEO: Thomas N. O’Brien

Address: One Congress Street, 11th floor, Boston, MA 02114

Phone Number: (617) 248-8905 Website: https://www.hyminvestments.com/

Key project highlight: This year The HYM Investment Group will complete The Sudbury, the 46-story high-rise residential tower that is a part of the 4.8-acre mixed-use Bulfinch Crossing development. The 480-foot residential tower will become a new fixture in the Boston skyline, offering 360-degree panoramic views of the Boston Harbor, North End, the Financial District, Back Bay, and the Charles River. This new luxury destination will be comprised of 368 apartment units and 55 for-sale condominiums.

#3: AvalonBay Communities

William M. McLaughlin

Name of the Firm: AvalonBay Communities, Inc.

Square footage developed in Massachusetts: 1,000,000 SF

Number of employees in Massachusetts: 400

New England Head at Avalon Bay: William M. McLaughlin

Address: 600 Atlantic Ave., 20th Floor, Boston, MA 02210

Phone Number: (617) 654-9503 Website: avaloncommunities.com

 

#4: Samuels & Associates

Steve Samuels

Name of the Firm: Samuels & Associates

Square footage developed in Massachusetts: 1,000,000 SF

Number of employees in Massachusetts: 137

President/CEO: Steve Samuels, Chairman & Principal; Joel Sklar, President & Principal

Address: 136 Brookline Ave. Boston, MA 02115

Joel Sklar

Phone Number: (617) 603-5458 Website: www.samuelsre.com

Key project highlight: The renovation and redevelopment of 401 Park was completed in 2019. The historic building at the corner of Park Drive and Brookline Ave. has become a center of innovation and entertainment, where, in 201,9 the world-renowned Time Out Market opened alongside Trillium Fenway and a brand new 1-acre green space that replaced a parking lot. In the winter, the space was transformed into a seasonal ice rink, creating a year-round experience for visitors, office tenants, and residents of the Fenway neighborhood.

#5: Cummings Properties

Dennis Clarke

Name of the Firm: Cummings Properties

Square footage developed in Massachusetts: 627,393 SF

Number of employees in Massachusetts: 413

President/CEO: Dennis Clarke, Chairman and CEO

Address: 200 West Cummings Park

Phone Number: (781) 935-8000 Website: www.cummings.com Key project highlight: 48 Dunham Ridge, Beverly, MA

#6: The Bozzuto Group

Toby Bozzuto

Name of the Firm: The Bozzuto Group

Square footage developed in Massachusetts: 620,000 SF

Square footage developed worldwide: 800,000 SF

Number of employees in Massachusetts: 4

Number of employees worldwide: 2,700

President/CEO: Toby Bozzuto

Address: 6406 Ivy Lane Suite 700 Greenbelt, MD 20770

Phone Number: (202) 276-4730 Website: https://www.bozzuto.com/about-us/

Key project highlight: The Abby, nestled over seven acres in Quincy, Massachusetts started construction in 2019. The Abby is Bozzuto’s largest project offering 610 apartments and 45,000 square feet of retail supporting the community. The Abby is an example of a successful public private partnership with the Massachusetts Bay Transportation Authority (MBTA). In 2019, Bozzuto Development successfully negotiated five (5) entitlements for their Allston Stop and Shop project in Boston, MA. Allston includes 164 units and it is the first of four buildings expected to break ground in Q2 2021 and deliver in Q3 2023.

#7: Wilder

Name of the Firm: Wilder

Square footage developed in Massachusetts: 600,000 SF

Number of employees in Massachusetts: 55

Number of employees worldwide: 80

President/CEO: Andrew LaGrega, Tom Wilder, David Mallen

Address: 800 Boylston Street, Suite 1300, Boston, MA 02199

Phone Number: (617) 896-4913 Website: wilderco.com Key project highlight: Arsenal Yards, Watertown, MA

 

#8: Nordblom Company

Peter Nordblom

Name of the Firm: Nordblom Company

Square footage developed in Massachusetts: 475,000 SF

Square footage developed worldwide: 550,000 SF

Number of employees in Massachusetts: 65

Number of employees worldwide: 75

President/CEO: Peter Nordblom

Address: 71 Third Avenue, Burlington, MA 01803

Phone Number: (781) 272-4000 Website: www.nordblom.com Key project highlight: The BEAT – Nordblom’s 700,000 SF redevelopment of the old Boston Globe HQ/distribution center, into a world-class office campus

#9: Drew Company, Inc.

John P. Drew

Name of the Firm: The Drew Company, Inc.

Square footage developed in Massachusetts: 325,000 SF

Square footage developed worldwide: 1,500,000 SF

Number of employees in Massachusetts: 10

Number of employees worldwide: 400

President/CEO: John P. Drew

Address: 2 Seaport Lane, 9th Floor

Phone Number: (617) 385-5193 Website: www.drewcompany.com Key project highlight: Gables Seaport, 501 Congress Street, Boston, MA

#10: Intercontinental Real Estate Corporation

Peter Palandjian

Name of the Firm: Intercontinental Real Estate Corporation

Square footage developed in Massachusetts: 306,000 SF

Square footage developed worldwide: 2,003,000 SF

Number of employees in Massachusetts: 97

Number of employees worldwide: 110

President/CEO: Peter Palandjian

Address: 1270 Soldiers Field Road, Boston, MA 02135

Phone Number: (617) 779-0482 Website: https://www.intercontinental.net/ Key project highlight: The Key @ 12th in Oakland, CA and Porte (845 W. Madison) in Chicago, IL.