Name

Boston Development Group

Legal name

FIRST GENERAL REALTY CORP AND BOSTON DEVELOPMENT GROUP

Website

https://bdg1.com

Company type

Private

Founded year

1960

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Real Estate Development and Property Management

NAICS

Nonresidential Property Managers (531312), New Housing For-Sale Builders (236117)

SIC

Operators Of Nonresidential Buildings (6512), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Urban Renewal, Brownfield Redevelopment & Land Reuse (BPAIANAI)

akta.pro secondary industry

Residential General Contracting (New Build) (IMAFAAAB)

Keywords

• Commercial real estate development
• Residential property development
• Property management services
• Real estate leasing
• Life science development

Headquarters

HQ city

Newton

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Real Estate Development: BDG develops commercial, residential, and retail properties throughout New England and the East Coast. Revenue is generated through the sale or lease of developed properties.
2. Property Management: Through its wholly-owned subsidiary First General Realty Corporation, BDG manages a diverse portfolio of buildings. Services include leasing, maintenance, tenant relations, and financial controls.
3. Leasing and Sales: The company markets, leases and sells properties within its portfolio, generating transaction-based revenue.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Boston Development Group (BDG) is a privately held real estate development and management firm that acquires, develops, constructs, renovates, repositions, leases, sells, and manages commercial, residential, retail, hotel, and senior living properties throughout New England and the East Coast of the United States. The firm specializes in identifying properties with unrealized potential and creatively re-adapting them through new construction, renovation, restoration, repositioning, solid management, and intensive marketing. Property management, leasing, and sales are executed through wholly-owned subsidiary First General Realty Corporation.

Product overview

Boston Development Group is a real estate development and management company offering a comprehensive portfolio of properties and services. The company operates as a multi-faceted real estate organization specializing in the acquisition, development, and management of commercial, retail, and residential properties throughout New England and the East Coast. Its property portfolio includes life science buildings (66 Galen Street), hotels (AC Marriott Hotel), senior living communities (Waterstone at the Circle), and various commercial and residential properties. The company also provides full-service property management through its subsidiary First General Realty Corporation, handling leasing, maintenance, tenant relations, and financial controls. Services span new construction, renovation, restoration, adaptive reuse, repositioning, and intensive marketing.

Differentiator

Problem solved

Functional benefit

Products and services

• Real Estate Development Services Comprehensive real estate development including land acquisition, design, construction, rehabilitation, adaptive reuse, marketing, leasing, sales, and management of commercial, retail, residential, hotel, and senior living properties.
• Property Management Services Full-service property management through subsidiary First General Realty Corporation, including leasing, maintenance, tenant relations, and financial controls for all BDG-managed properties.
• Commercial Property Leasing Leasing of commercial office, retail, industrial, and life science properties from the BDG portfolio to business tenants throughout New England and the East Coast.
• Residential Property Leasing Leasing and sale of residential apartments, condominiums, and senior living units from the BDG portfolio to individual tenants and buyers.
• 66 Galen Street Life Science Building A 234,000 SF ground-up life science development comprising the first of two phases in a transit-oriented location with access to the Turnpike, Kendall Square, and Cambridge.
• The Circle and AC Marriott Hotel A mixed-use joint venture project combining an AC Marriott hotel, Waterstone at the Circle luxury senior living community, and Landwer Café in the Chestnut Hill/Brookline area.

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• The Davis CompaniescoreStrategic or Co-development PartnerBoston Development Group entered into a joint venture with The Davis Companies for the Watertown development project at Galen and Water Streets. The project includes a 234,000 SF life science building as the first of two phases.
• Elkus Manfredi ArchitectscoreStrategic or Co-development PartnerElkus Manfredi designed the 66 Galen Street life science building in Watertown, MA. The firm also designed the Cleveland Circle and AC Marriott Hotel joint venture project.
• John Moriarty AssociatescoreImplementation/ SI/ Consulting PartnerJohn Moriarty Associates is the builder for the Watertown life science development project at 66 Galen Street.

Scale indicators3 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• Greystar Real Estate Partners: Global leader in multifamily property management, development, and investment, with a major presence on the East Coast. Comparable to the residential management and development arms of BDG's business.
• CBRE Group: Global commercial real estate services and investment firm providing property management, leasing, valuation, and investment sales. Comparable to BDG through First General Realty's third-party property management and leasing activities.
• AvalonBay Communities: Large publicly traded multifamily REIT with a deep portfolio of apartment and mixed-use communities on the East Coast (including New England). Comparable to BDG on the apartment/condominium segment of its portfolio, but operates nationally and at vastly larger scale.
• Boston Properties (BXP): The largest publicly traded office REIT focused on premium assets in Boston, New York, San Francisco, and Washington, D.C. Overlaps with BDG on Class-A commercial and life-science exposure in Greater Boston, but operates at materially larger scale and as a public REIT.
• Related Companies: Major national developer of mixed-use, multifamily, office, and affordable housing (BDG's VP Leasing & Development Robert Doherty previously worked at Related). Comparable by mixed-use, multifamily, and commercial focus, but operates at enterprise scale.

Others

• Elkus Manfredi Architects: Boston-based architecture firm that designed BDG's 66 Galen Street life-science building and the Cleveland Circle / AC Marriott JV. Adjacent ecosystem participant rather than direct competitor; included to surface BDG's design-side relationship network.

Direct peers

• Toll Brothers: National luxury homebuilder and for-sale residential developer with active operations across the East Coast. Comparable to BDG on the for-sale residential and condominium aspects of its portfolio, though much larger and publicly traded.
• The Davis Companies: Boston-area real estate investor and developer that entered a joint venture with BDG on the 66 Galen Street life-science project. Highly comparable by size, geography, asset mix (life science, multifamily, commercial), and value-add repositioning strategy.
• New England Development: Long-standing Massachusetts-based real estate developer with a portfolio spanning retail, residential, hospitality, and mixed-use assets in the Northeast. Similar regional concentration, vertical breadth, and lifecycle approach to development, ownership, and management.
• LCB Senior Living: Regional operator and developer of luxury senior living communities throughout the Northeast, including the Waterstone brand. Directly comparable to BDG's senior living segment (Waterstone at the Circle) and overlap on hospitality-driven real estate.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

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 Boston Development Group