Szekely Construction

What Szekely Construction does

Szecon Development (formerly Szekely Construction) is a privately held residential real estate developer and construction firm headquartered in Andover, Massachusetts. Founded in 2015 and operating with 1-10 employees, the company has transitioned from a construction contractor into a vertically integrated developer that acquires land, secures permits, and builds residential product across the Boston metro area. Its portfolio centers on single-family new construction homes (e.g., 59 Dexter Road, Melrose) and multifamily mixed-income housing developed under Massachusetts Chapter 40B (Cedar Park One64 at 164 Essex Street, Melrose), the latter being the company's first multifamily project to reach the construction phase.

The firm orchestrates development through a coordinated partner stack rather than self-performing trades: Essex Builders Corp serves as general contractor; O'Sullivan Architects handles design; Williams & Sparages provides civil engineering; Diaz Construction executes site preparation; CLEAResult guides Passive House Certification pursuit; and Building Envelope Systems fabricates structural steel using VR 3D-overlay inspection and robotic precision cutting, achieving 1mm fabrication tolerances intended to eliminate on-site rework. MassHousing and the City of Melrose function as financing and municipal partners on the Chapter 40B project.

Szecon generates revenue through one-time sales of completed residential units to end buyers (single-family homes listed on third-party marketplaces such as Zillow and sold via open-house events) and through developer fees and project economics on multifamily public-private partnerships. The company markets itself through its website news/blog, earned media such as Boston Business Journal, and direct engagement with municipalities, with no disclosed public funding or institutional backing.

Name

Szekely Construction

Legal name

Szecon Development

Website

https://szecon.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

Szecon Development is a privately held Massachusetts-based residential real estate developer and general contractor that builds single-family homes and multifamily mixed-income housing (Chapter 40B) across the Boston metro, serving homebuyers, municipalities, and housing finance agencies.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

New Multifamily Housing Construction (except For-Sale Builders) (236116), New Housing For-Sale Builders (236117), Land Subdivision (23721)

SIC

Operative Builders (1531), General Bldg Contractors - Residential Bldgs (1520), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)

akta.pro secondary industries

Spec Home / Production Homebuilding (Tract & Volume Builders) (IMAFABAD), Residential General Contracting (New Build) (IMAFAAAB), Community Development & Neighborhood Revitalization Housing Programs (FSALAKAO)

Keywords

• Real estate development
• Residential construction
• Multifamily housing
• Mixed-income housing
• Property development

Headquarters

HQ city

Andover

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales

Revenue model

1. Real Estate Development & Property Sales: Szecon Development acquires land, obtains permits, and develops residential and commercial properties for sale. Revenue is generated through the sale of completed single-family homes and multifamily units to end buyers.
2. General Contractor Construction Services: As the developer and general contractor, Szecon oversees construction execution through partners including Essex Builders Corp, generating revenue as the primary developer and project coordinator on multifamily mixed-income developments.
3. Public-Private Partnership Development: Szecon participates in public-private partnerships with municipalities (e.g., City of Melrose) under Massachusetts Chapter 40B to develop mixed-income housing, with financing and regulatory support from agencies like MassHousing.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Szecon Development is a real estate development and construction firm that develops, constructs, and sells residential properties in Massachusetts, with a portfolio spanning single-family new construction homes (e.g., 59 Dexter Road, Melrose), multifamily mixed-income housing developments (e.g., Cedar Park One64 at 164 Essex St, Melrose), and renovation projects. The company serves as both developer and general contractor on its projects, coordinating with engineering, architectural, and fabrication partners to deliver precision-built residential properties, including participation in Massachusetts Chapter 40B public-private partnerships with municipalities and housing finance agencies.

Product overview

Szecon Development (formerly Szekely Construction) operates as a real estate development and construction company. The company offers residential and commercial construction services, including active development projects such as the Cedar Park One64 multifamily mixed-income development and single-family homes like 59 Dexter Road. Services span from site excavation and foundation work through steel assembly and framing, with a focus on quality craftsmanship and innovative building approaches.

Differentiator

Problem solved

Functional benefit

Products and services

• Cedar Park One64 Multifamily mixed-income housing development located at 164 Essex St, Melrose, MA, developed under Massachusetts Chapter 40B in partnership with the City of Melrose and MassHousing. The project features Passive House Certification (first for the company), steel-frame construction with wood-frame upper floors, VR-verified 1mm precision structural steel, and serves as a model Chapter 40B mixed-income development combining market-rate and affordable housing units.
• 59 Dexter Road, Melrose Single-family new construction home located at 59 Dexter Road, Melrose, MA. A modern colonial design featuring a back deck nestled into glacial rocks, en-suite second floor bedroom, third floor bedroom/bonus space with full bath, and modern finishes. Marketed and sold directly to individual homebuyers.

Quantifiable outcome

• 1mm precision achieved in steel fabrication through VR and robotics, eliminating costly site delays before steel arrives on-site
• +2 more outcomes

Named customers1 record

Segments3 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

Six partnerships are on record, tiered core and minor.

• Building Envelope SystemscoreTechnology or IntegrationBuilding Envelope Systems (teambes.com) is a steel fabrication facility partner that produces structural steel for Cedar Park One64. Szecon visited their fabrication facility to observe VR 3D-overlay inspection technology and robotic precision cutting, achieving 1mm fabrication tolerance. This technology partnership ensures steel components are precision-made off-site, eliminating costly delays during on-site assembly.
• Essex Builders CorpcoreImplementation/ SI/ Consulting PartnerEssex Builders Corp serves as the general contractor for Cedar Park One64, overseeing steel erection, masonry, and site logistics. Szecon explicitly credits Essex Builders with coordinating multiple construction phases and maintaining schedule certainty. Essex Builders' tagline is 'Our Foundation is built on relationships' and they have been described as a 'steady hand' in navigating the permitting process.
• Williams & SparagescoreImplementation/ SI/ Consulting PartnerRich Williams of Williams & Sparages is described as the civil engineering partner for Cedar Park One64, providing a constant presence for navigating the permitting process and coordinating with various agencies. Szecon credits them as a reliable partner on complex development projects.
• O'Sullivan ArchitectscoreStrategic or Co-development PartnerO'Sullivan Architects is the architectural design partner for Cedar Park One64. Szecon honored the firm at the groundbreaking ceremony, emphasizing the collaborative process between developer and architect as foundational to every great building.
• Diaz Construction Co.minorImplementation/ SI/ Consulting PartnerDiaz Construction Co. performed site preparation and foundation work for the Essex St, Melrose project (Cedar Park One64). Their foundation crew navigated winter conditions to complete footings and foundation walls, keeping the project on track for steel delivery.
• WayPoint GroupminorChannel Partner/ Reseller/ DistributorWayPoint Group is referenced as a tagging partner in news articles related to the 59 Dexter Road, Melrose property listing, suggesting a marketing or real estate brokerage/advisory relationship for property sales.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Others

• MassHousing: Massachusetts' quasi-public housing finance agency — not a competitor but a key financing counterparty and program administrator that shapes Szecon's go-to-market in the Chapter 40B ecosystem.

Direct peers

• The Community Builders: Mission-driven multifamily developer of mixed-income housing across the Northeast — comparable operating model and product type, though at significantly greater scale.
• Beacon Communities: Boston-based developer specializing in mixed-income and affordable multifamily rental housing using public-private financing — direct competitor for Chapter 40B-style municipal mandates in Massachusetts.
• The Neighborhood Developers: Boston-area nonprofit developer of mixed-income, multifamily housing — closely comparable to Szecon in mission, geography, and product mix, though larger and nonprofit-funded.
• Pennrose: Northeast-focused multifamily developer with active mixed-income and affordable housing pipeline — competes for the same municipal and state financing channels as Szecon.

Broad incumbents

• D.R. Horton: National volume homebuilder serving entry-level and move-up buyers — relevant incumbent peer for Szecon's for-sale single-family homes in Massachusetts, though at much larger scale and broader geographic footprint.
• Lennar Corporation: Largest US homebuilder by volume; competes with Szecon's single-family for-sale product in the Boston metro but operates at national scale across many product lines.
• Toll Brothers: National luxury and production homebuilder with active operations in the Boston metro — broad incumbent against Szecon's for-sale single-family side, but with no multifamily/affordable exposure.
• WinnCompanies: One of the largest Boston-area multifamily developers and property managers — overlaps with Szecon's product and geography, but operates at vastly greater scale and across many sub-markets.

Regional players

• Barkan Construction: Massachusetts-based general contractor active in multifamily and mixed-use projects — comparable regional construction partner/competitor but does not operate as a developer in the Chapter 40B space.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/szecon-development-inc

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

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 Szekely Construction