The HYM Investment Group

What The HYM Investment Group does

The HYM Investment Group is a Boston-based, privately held real estate development firm founded in 2009 by Thomas N. O'Brien, Paul Crisalli, and Douglas J. Manz, focused on complex, large-scale mixed-use redevelopment projects across Greater Boston. The firm operates a portfolio spanning approximately 20 million square feet of active development with cumulative project investment exceeding $12 billion, anchored by flagship sites including Suffolk Downs (a 161-acre former racetrack in East Boston/Revere targeting 10,000 housing units), Bulfinch Crossing (a 4.8-acre downtown Boston mixed-use project comprising the One Congress trophy office tower and The Sudbury residential tower), Boston Landing (a 1.9M SF Allston/Brighton campus developed with NB Development Group and New Balance), NorthPoint/Cambridge Crossing, P3 Roxbury (a 7.7-acre life science and affordable housing joint venture with My City at Peace), The Newbury of Brookline (159-unit senior living), and Waterside Place (236-unit Seaport luxury apartments). HYM monetizes through development management fees on joint-venture projects with institutional capital partners (National Real Estate Advisors, Cathexis, Ullico, Canyon-Johnson Urban Funds, JP Morgan), recurring property and asset management fees on owned/co-owned assets, and transaction-based revenue from condominium sales and lease-up of residential and commercial space.

The firm's go-to-market is enterprise field sales targeting municipal public-private partnerships, institutional investors, and joint-venture operators. Core capabilities center on entitlement, permitting, and community engagement in Boston — leveraging CEO O'Brien's prior tenure as Director and Chief of Staff of the Boston Redevelopment Authority (1993-1999), established BPDA and labor union relationships (notably the largest private-sector Project Labor Agreement in Greater Boston at Suffolk Downs), and a leadership team with 70+ years of combined experience drawn from JPI, Tishman Speyer, Halpern, Leggat McCall, and Suffolk Construction. Distribution to end-users occurs via direct residential pre-leasing/sales and exclusive retail leasing agents (e.g., BLACKLINE Retail Group at Beachmont Square). Pricing is not publicly disclosed and varies by unit type, with Amaya studios at Suffolk Downs pre-leasing from $2,350 and senior living at Newbury of Brookline priced by care level (Independent Living, Assisted Living, Memory Care). The customer base is bifurcated between enterprise commercial tenants (State Street Corporation, InterSystems Corp., K&L Gates LLP at One Congress) and a long tail of residential tenants, condo buyers, SMB retailers, and senior living residents.

The firm is structured as The HYM Investment Group, LLC (Massachusetts), headquartered at One Beacon Street, 31st Floor, Boston, with a current team of 11-50 employees — of which 50% are women or people of color, and a leadership bench of four Partners and approximately ten Vice Presidents spanning development, construction, asset management, retail, accounting, and marketing. Recognition includes a 2022 AIA Regional & Urban Design Award for the Suffolk Downs Master Plan. Operating geographies are entirely regional (Greater Boston, including East Boston, Revere, Allston/Brighton, Brookline, Roxbury, Cambridge, Somerville, and South Boston), with no global footprint. The company's core technology is its entitlement, permitting, construction-oversight, and asset-management know-how rather than software or intellectual property; it holds no patents or trademarks.

Name

The HYM Investment Group

Legal name

The HYM Investment Group, LLC

Website

https://hyminvestments.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

The HYM Investment Group is a Boston-based real estate development firm founded in 2009 that delivers large-scale mixed-use redevelopment projects across Greater Boston, serving institutional investors, municipal partners, and end-user tenants across residential, office, life science, senior living, and retail.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Real Estate Property Managers (53131), Other Financial Vehicles (52599), Corporate, Subsidiary, and Regional Managing Offices (551114)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Real Estate Funds — Opportunistic / Development (FSANAEAI)

akta.pro secondary industry

Real Estate / PropTech Growth Equity (FSANACAH)

Keywords

• Mixed-use real estate development
• Urban redevelopment projects
• Commercial property management
• Residential development services
• Construction oversight services

Headquarters

HQ city

Boston

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Development Fees: Revenue generated through development management fees from overseeing complex redevelopment projects from conception through delivery, typically in joint venture structures with institutional partners.
2. Asset Management: Ongoing property and asset management services for owned and co-owned properties including residential, office, retail, and mixed-use developments.
3. Property Sales and Leasing: Revenue from sale of condominium units and lease-up of residential and commercial spaces in developed properties.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

The HYM Investment Group develops large-scale, complex mixed-use real estate projects across Greater Boston, including residential, commercial office, life sciences, senior living, retail, hospitality, and public space components. The firm provides four core services: Development (entitlement, design, project management), Construction Oversight, Accounting & Finance, and Property & Asset Management, typically structured through joint ventures with institutional equity and debt partners.

Product overview

The HYM Investment Group is a Boston-based real estate development company offering a portfolio of large-scale mixed-use development projects and real estate services. The company's portfolio includes flagship projects such as Suffolk Downs (a 161-acre mixed-use redevelopment), Bulfinch Crossing (a downtown Boston mixed-use development featuring One Congress office tower and The Sudbury residential tower), Boston Landing (a 1.9-million-square-foot campus with 80 Guest Street, Lantera, and Warrior Ice Arena), NorthPoint (a 45-acre development with Twenty | 20 residential), The Newbury of Brookline (senior living), Waterside Place (luxury apartments), and P3 Roxbury (mixed-use life sciences and housing). The company also operates community venues including The Stage at Suffolk Downs (outdoor concert venue) and The Track at Suffolk Downs (recreation facility). These projects span residential, commercial, life science, retail, hospitality, and public space uses across Greater Boston.

Differentiator

Problem solved

Functional benefit

Products and services

• Suffolk Downs A 161-acre mixed-use redevelopment of a former horse racing site on the border of East Boston and Revere, delivering 10,000 housing units (including 900+ affordable), life science space, retail, hotels, and 40 acres of open space served by two MBTA Blue Line stops.
• Bulfinch Crossing A 4.8-acre mixed-use development in downtown Boston featuring over 1 million square feet of office space and more than 800 residential units around a net-zero energy public square.
• One Congress A 1 million-square-foot, 600-foot trophy office tower in downtown Boston offering Class A office space with wellness and sustainability features, designed by Pelli Clarke Pelli Architects.
• The Sudbury A 528-foot-tall residential tower featuring 368 apartment units and 55 for-sale condominiums with luxury amenities including a pool, rooftop garden, and sky deck.
• Boston Landing A 1.9-million-square-foot mixed-use campus in Boston's Allston/Brighton neighborhood, including office, residential, and sports facilities.
• 80 Guest Street A 10-story Class A office building attached to the Warrior Ice Arena, serving as the Boston Bruins' practice facility.
• Lantera A 295-unit residential building within Boston Landing that opened to residents in 2018.
• Warrior Ice Arena The official practice facility for the Boston Bruins NHL team, attached to 80 Guest Street.
• NorthPoint A 45-acre development site straddling Cambridge, Somerville and Boston, featuring the Twenty | 20 luxury multi-family building as its first delivered component.
• Twenty | 20 The first Class A luxury multi-family building in the NorthPoint neighborhood, raising the profile of the East Cambridge rental market.
• The Newbury of Brookline A 159-unit senior living facility on the former Newbury College campus in Brookline, MA, featuring 81 Independent Living, 38 Assisted Living, and 40 Memory Care units.
• Waterside Place A 236-unit luxury apartment building in Boston's Seaport neighborhood developed in partnership with JP Morgan and The Drew Company.
• P3 Roxbury A 7.7-acre vacant lot in Roxbury to be transformed into a mixed-use development with 700,000 square feet of life science space, over 45,000 square feet of retail, and over 300 affordable housing units, in partnership with My City at Peace.
• The Stage at Suffolk Downs An 8,500-seat seasonal outdoor concert venue in the infield of the Track at Suffolk Downs, developed in partnership with The Bowery Presents.
• The Track at Suffolk Downs A public outdoor recreation space featuring a mile-long running loop and community gathering areas at the former Suffolk Downs racetrack.
• The Yard @ Beachmont Square An interim activation space at Suffolk Downs' Beachmont Square neighborhood serving as a community hub for events, fitness classes, and markets.
• 2100 Dorchester Avenue (Former Carney Hospital) Mixed-use development at the former Carney Hospital site in partnership with My City at Peace, aiming to restore equitable access to healthcare and add housing.
• Development Services End-to-end real estate development services for complex urban mixed-use projects, including entitlement, design coordination, permitting, and project management for institutional and joint venture partners.
• Construction Oversight Construction management and oversight services for development projects, including general contractor coordination and union labor administration under Project Labor Agreements.
• Property & Asset Management Ongoing property and asset management services for owned and co-owned residential, office, retail, and mixed-use developments.
• Accounting & Finance Accounting and financial management services supporting HYM's development portfolio and joint venture capital reporting.

Quantifiable outcome

• $12 billion in total project investments created
• +3 more outcomes

Named customers5 records

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

17 partnerships are on record, tiered core, major and minor.

• The Bowery PresentscoreStrategic or Co-development PartnerPartnership to develop and operate The Stage at Suffolk Downs, an 8,500-seat seasonal outdoor concert venue in the infield of the racetrack. Jointly developed and manage the venue with HYM.
• My City at Peace (MyCAP)coreStrategic or Co-development PartnerHistoric partnership to develop Parcel 3 (P3) in Roxbury, a 7.7-acre vacant lot. Led by Reverend Jeffrey Brown, focused on building generational wealth for the Roxbury community through affordable housing and life sciences.
• Madison Park Development CorporationcoreStrategic or Co-development PartnerCo-developer for P3 Roxbury project, bringing expertise in affordable housing development and community engagement for the Roxbury neighborhood.
• LabCentral IgnitecoreStrategic or Co-development PartnerLead training initiatives and outreach programs for life sciences workforce development at P3 Roxbury, in partnership with local educational institutions including Benjamin Franklin Technical Institute and Madison Park Technical Vocational High School.
• King BostoncoreOthersBoston-based non-profit that will occupy 31,000 SF at P3 Roxbury as first street-level tenant for the 'Embrace Center' museum and policy center honoring Dr. Martin Luther King Jr. and Coretta Scott King.
• NB Development GroupcoreStrategic or Co-development PartnerLong-term development partner for Boston Landing, a 1.9-million-square-foot mixed-use campus in Allston/Brighton. Collaborated on Warrior Ice Arena and 80 Guest Street office building.
• New BalancecoreStrategic or Co-development PartnerPartner with NB Development Group at Boston Landing campus. Primary tenant driving the sports and wellness focus of the development including Warrior Ice Arena practice facility for Boston Bruins.
• The Drew CompanymajorStrategic or Co-development PartnerDevelopment partner with HYM on Waterside Place, a 236-unit luxury apartment building in Boston's Seaport neighborhood.
• Carr PropertiescoreStrategic or Co-development PartnerJoint venture partner for One Congress office tower and overall Bulfinch Crossing development. Co-ownership in the 1 million square foot trophy office tower.
• J.T. Magen & Co.majorStrategic or Co-development PartnerNew York real estate firm partnership with Extell Development that won foreclosed development site in South Boston at auction for $75M. Plans to partner with HYM for development.
• Extell DevelopmentmajorStrategic or Co-development PartnerNew York real estate firm partnership with J.T. Magen for South Boston development site. Will partner with HYM Investment Group for housing development on Dorchester Avenue.
• BLACKLINE Retail GroupminorChannel Partner/ Reseller/ DistributorSelected as exclusive retail leasing agent for restaurant and retail components of Beachmont Square at Suffolk Downs, the first phase adjacent to MBTA Beachmont Blue Line Station.
• DREAM CollaborativeminorImplementation/ SI/ Consulting PartnerArchitect for P3 Roxbury project, working with HYM and My City at Peace on the mixed-use development featuring affordable housing and life sciences space.
• OnyxGroupminorStrategic or Co-development PartnerRetail development partner for P3 Roxbury, leveraging deep connections with local Roxbury community to ensure retail destinations serve local needs and elevate minority/women-owned businesses.
• John Moriarty and AssociatescoreImplementation/ SI/ Consulting PartnerConstruction partner at Suffolk Downs, collaborating on Project Labor Agreement with Greater Boston Building Trades Union. Co-hosted union job information sessions attracting 300+ job seekers.
• Greater Boston Building Trades UnioncoreStrategic or Co-development PartnerPartner in largest private-sector Project Labor Agreement ensuring union-built Suffolk Downs redevelopment with 18,000+ construction jobs and $2M skill building initiatives.
• North Atlantic States Regional Council of CarpenterscoreStrategic or Co-development PartnerSignatory to Project Labor Agreement at Suffolk Downs, part of the historic agreement ensuring equitable hiring and workforce development.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• The Drew Company: Atlanta-based multifamily and mixed-use developer. Co-developed the 236-unit Waterside Place with HYM in Boston's Seaport, making it a directly comparable joint-venture partner on luxury urban residential.
• Carr Properties: Washington D.C.-based office and mixed-use developer. Joint-venture co-owner of One Congress (the 1M sq ft trophy office tower at HYM's Bulfinch Crossing), making it a directly comparable partner on urban Class A office development.
• Jamestown: National mixed-use developer/operator known for adaptive reuse and large-scale urban districts (Chelsea Market, Industry City). Highly comparable to HYM in taking complex urban sites and repositioning them as mixed-use neighborhoods.
• Millennium Partners: Boston-based real estate developer behind the Millennium Tower and other large downtown Boston mixed-use projects. Directly comparable local peer with focus on mid-rise/mixed-use residential and hotel product in the same submarkets as HYM.
• National Real Estate Advisors: Pension-fund-backed real estate investment manager. Long-standing JV equity partner with HYM on Suffolk Downs, One Congress, and Bulfinch Crossing—comparable as a fellow operator/deal sponsor of large mixed-use developments.

Broad incumbents

• Boston Properties (BXP): Largest publicly traded office REIT focused primarily on Boston, NYC, D.C., and San Francisco. Operates comparable Class A office product in the same submarkets as HYM's One Congress, providing the broader incumbent benchmark.
• Related Companies: National developer of mega-scale mixed-use urban projects (Hudson Yards, The Related mixed-income portfolio). Comparable to HYM in tackling 'complex urban' mega-projects via mixed-use, mixed-income master plans.
• Tishman Speyer: Global developer of office, residential, and mixed-use assets. HYM CEO Tom O'Brien was a former Managing Director, and HYM's culture and JV style mirror this global incumbent's operating playbook.
• Hines: Global real estate developer of office, residential, retail, and mixed-use projects. Comparable to HYM as a broad incumbent with deep institutional capital relationships and a track record of trophy urban towers.

Others

• Suffolk Construction: Major Greater Boston general contractor and construction partner to HYM on Suffolk Downs under the Project Labor Agreement. Adjacent ecosystem participant rather than direct competitor, but tightly coupled with HYM's delivery model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/suffolkdowns
• LinkedInlinkedin.com/company/hym-investment-group
• Instagraminstagram.com/suffolkdowns

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The HYM Investment Group