What Civico Development does

Civico Development, LLC is a community-focused real estate investment and development firm founded in 2015 and headquartered at 40 Jackson Street in Worcester, Massachusetts. The company develops residential and mixed-use projects across Massachusetts, with a portfolio of 12+ named developments spanning Reading, Worcester, Winchester, Shrewsbury, Newton, and Dorchester. Project types include affordable housing, mixed-income rental and for-sale housing, historic preservation and adaptive reuse (schoolhouses, mills, armories), and innovative Housing First models for vulnerable populations. Core technical differentiators include pursuit of Passive House construction standards on projects such as Newton Armory and Waterfield Place, and deep expertise in complex entitlement, zoning, LIHTC, and Historic Tax Credit financing.

The firm operates a partnership-driven business model, executing each project through joint ventures with co-developers (Rees Larkin, Traggorth Companies, Greenly Development, Metro West Collaborative Development), community development corporations (Worcester East Side CDC), and specialized firms (Sustainable Comfort Inc., Fenix Partners). Revenue is generated through project development fees, equity participation, leasing, and management activities rather than product licensing; pricing is negotiated per project and not publicly disclosed. Go-to-market is direct and relationship-based, targeting private equity investors, property owners, lenders, and strategic JV partners.

Leadership is concentrated in two individuals: Andrew Consigli (Managing Member), an architect with prior senior roles at Elkus Manfredi Architects and Imai Keller Moore Architects; and Taylor Bearden, who handles site selection, acquisitions, zoning, and is a founding manager of the Bell Hill Opportunity Fund. The firm is privately held, structured as an LLC with 1-10 employees, and has not disclosed external institutional capital or M&A activity. Customers and counterparties include the Massachusetts Department of Mental Health and the Town of Newton on specific affordable housing assignments.

Name

Civico Development

Legal name

Civico Development, LLC

Website

https://civicodevelopment.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

Civico Development is a Worcester, Massachusetts-based real estate developer building affordable, mixed-income, and historic preservation housing projects across the state since 2015, executing work through joint ventures with co-developers, CDCs, and municipal partners.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Commercial and Institutional Building Construction (236220), Land Subdivision (2372), Land Subdivision (237210)

SIC

Operative Builders (1531), General Bldg Contractors - Residential Bldgs (1520), Investors, Nec (6799)

akta.pro primary industry

Housing Development, Construction & Rehabilitation Programs (BPAIANAB)

akta.pro secondary industries

Community Development & Neighborhood Revitalization (CDBG, Place-Based Initiatives) (BPAIANAE), State/Provincial Housing, Urban/Regional Planning & Community Development (BPAIABAM)

Keywords

• Real estate development
• Affordable housing development
• Mixed-income housing
• Historic preservation redevelopment
• Community-oriented infill

Headquarters

HQ city

Worcester

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Development and Investment: Civico generates revenue through real estate development projects including mixed-use, mixed-income, and affordable housing developments. Investment philosophy focuses on projects where strategic entitlement, design-focused development, repositioning, leasing, and management expertise can add value.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Civico Development is a community-focused real estate investment and development firm that develops affordable, mixed-income, and market-rate residential housing across Massachusetts. Its portfolio includes neighborhood urban infill, mixed-use developments, historic rehabilitations (armories, schoolhouses, mills), and innovative housing solutions such as tiny house villages. The firm provides end-to-end development services including site selection, acquisitions, zoning and entitlement, design, construction oversight, leasing, and property management, often in joint venture with co-developers and community organizations.

Product overview

Civico Development is a community-focused real estate investment and development group offering a portfolio of residential development projects. The company's offerings span multiple project types including market-rate housing, mixed-income developments, affordable housing, historic rehabilitations, and innovative housing solutions. Projects include Ace Flats, Calvin Schoolhouse Lofts, Abbey Road, Orchard Heights, Oriole Landing, Inman Crossing (Stanton), Tiny House Village, LaGrange Mill Lofts, 98 Beacon, Waterfield Place, Beal Commons, Newton Armory, and 555-559 Columbia Road. The company also provides investment services focusing on entitlement, design-focused development, redevelopment, repositioning, leasing, and property management. The company partners with various development firms and community organizations on specific projects.

Differentiator

Problem solved

Functional benefit

Products and services

• Ace Flats Multi-family residential development project by Civico Development located at Gould Street, Reading, Massachusetts.
• Calvin Schoolhouse Lofts Historic schoolhouse conversion into loft residential units.
• Abbey Road Residential development project by Civico Development.
• Orchard Heights Multi-family residential development project.
• Oriole Landing Residential development project.
• Inman Crossing (Stanton) Bell Hill neighborhood revitalization project focused on retrofitting triple-deckers for energy efficiency, partnering with Sustainable Comfort, Inc. (SCI) and Fenix Partners.
• Tiny House Village 20-unit Housing First solution to chronic homelessness for clients of the Massachusetts Department of Mental Health, developed in partnership with Worcester East Side CDC under the Cluster Zoning Ordinance.
• LaGrange Mill Lofts 63-unit mixed-income housing redevelopment of the LaGrange Street Mill Complex in Worcester, Massachusetts, utilizing LIHTC and Historic Tax Credits financing, partnering with Rees Larkin.
• 98 Beacon 55-unit workforce and market-rate housing project featuring historic rehabilitation of existing structure.
• Waterfield Place 60-unit mixed-income rental housing development in Winchester, Massachusetts abutting the Winchester Center MBTA Commuter Rail Station, pursuing Passive House standard, partnering with Traggorth Companies.
• Beal Commons 55-unit mixed-income mixed-use redevelopment in Shrewsbury Town Center including ground floor retail, partnering with Greenly Development.
• Newton Armory West Newton Armory redevelopment at 1135 Washington Street featuring preservation of the historic head house with Passive House new construction addition, 100% affordable housing, pursuing Passive House standard with EV charging and solar-ready features, partnering with Metro West Collaborative Development.
• 555-559 Columbia Road Residential development project in the Dorchester area.

Named customers2 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Seven partnerships are on record, tiered core.

• Sustainable Comfort, Inc. (SCI)coreStrategic or Co-development Partner · 1 January 2017Civico Development is partnering with Sustainable Comfort, Inc. (SCI) and Fenix Partners to develop the Bell Hill Opportunity Fund, focused on neighborhood revitalization through energy-efficient retrofitting of triple-deckers.
• Fenix PartnerscoreStrategic or Co-development Partner · 1 January 2017Civico Development is partnering with Fenix Partners and Sustainable Comfort, Inc. (SCI) to develop the Bell Hill Opportunity Fund, reimagining the Bell Hill urban neighborhood through holistic retrofitting.
• Metro West Collaborative DevelopmentcoreStrategic or Co-development PartnerCivico is partnering with Metro West Collaborative Development to develop the West Newton Armory project, which includes preservation of the historic head house and construction of 100% affordable housing.
• Greenly DevelopmentcoreStrategic or Co-development PartnerCivico is partnering with Greenly Development to develop Beal Commons in Shrewsbury, a 55-unit mixed-income development with ground floor retail.
• Traggorth CompaniescoreStrategic or Co-development PartnerCivico is partnering with Traggorth Companies to develop Waterfield Place in Winchester, a 60-unit mixed-income rental housing project adjacent to the MBTA station.
• Rees LarkincoreStrategic or Co-development PartnerCivico Development is partnering with Rees Larkin to develop LaGrange Mill Lofts and 98 Beacon in Worcester, combining historic rehabilitation with new mixed-income housing.
• Worcester East Side CDCcoreStrategic or Co-development PartnerPartnership between Civico and Worcester East Side CDC for the Tiny House Village project, a Housing First solution providing 20 units of housing for Department of Mental Health clients.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• WinnCompanies: Large, established Boston-based multifamily developer, owner, and manager with significant affordable and mixed-income housing activity across New England—a broader incumbent competing for the same LIHTC-financed affordable deals.
• MassDevelopment: Massachusetts' state development finance agency that finances mixed-use, housing, and community development projects statewide—an institutional counterpart that often partners with or competes against private developers like Civico for the same municipal RFPs.

Direct peers

• The Community Builders: One of the largest nonprofit affordable and mixed-income housing developers in the US, with a strong Massachusetts presence developing multifamily and mixed-use projects using LIHTC and public financing—directly comparable mission, financing stack, and product type to Civico.
• Beacon Communities: Boston-based affordable and mixed-income housing developer with deep Massachusetts pipeline of mixed-use, mixed-income, and historic projects, using LIHTC and state financing—comparable scale, geography, and product.
• Redgate: New England-based real estate investment and development firm executing mixed-use, multifamily, and adaptive reuse projects in Massachusetts—comparable in scale, product mix, and geography to Civico.
• EA Fish Development: Small-to-mid sized Massachusetts real estate developer executing mixed-income and infill residential projects across Greater Boston and Worcester—directly comparable in scale, geography, and product to Civico.
• A.M. Fogarty: Massachusetts-based residential and mixed-use developer focused on urban infill and community-oriented projects—similar scale, geography, and product type as Civico.
• Pennrose: National affordable and mixed-income housing developer with active New England operations, building LIHTC-financed multifamily and mixed-use projects—including historic adaptive reuse—closely mirroring Civico's affordable/preservation/infill model.
• Homeowner's Rehab, Inc. (HRI): Cambridge-based nonprofit affordable housing developer building and preserving multifamily rental housing in Massachusetts using public financing—overlapping mission, product, and geographic focus with Civico.
• Preservation of Affordable Housing (POAH): Nonprofit that preserves and develops affordable rental housing across the Northeast, frequently combining historic preservation with LIHTC financing—a direct twin of Civico's historic + affordable housing focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/civicodevelopment

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Civico Development