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Groundbreaking marks L&G’s first US ground-up development, advancing a sustainability-focused residential community with 25% affordability

L&G’s Asset Management business in the US (“L&G”) and Taurus Investment Holdings, LLC (“Taurus”) today marked the groundbreaking of a new two-building, 201-unit multifamily community at 292–294 Baker Avenue in Concord, Massachusetts. The ceremony brought together local officials, community representatives and project partners to celebrate the start of site work on the development.

The investment and property development is being made on behalf of L&G’s Institutional Retirement business, which is deploying long-term retirement capital to support new housing supply. The project represents the first funding of a new development in the US for L&G’s Institutional Retirement business and builds on its recent multifamily investments, including The Alder in the Denver metro area and Arkadia West Loop in downtown Chicago.

Located in a structurally undersupplied Greater Boston submarket, the community will include 25% affordable housing under Massachusetts Chapter 40B guidelines. Construction is expected to begin in 2026, with the first building targeted for completion by the end of 2028 and the second expected to follow in 2029.

The groundbreaking served as a milestone for the project team’s engagement with Concord and the surrounding community, with brief remarks, a ceremonial shovel moment and media opportunities highlighting the development’s expected contribution to housing supply, affordability and sustainability in the local market.

L&G is partnering with Taurus as the developer for the project, with Callahan serving as the general contractor.¹ Taurus originated the development opportunity and will oversee execution through construction and delivery, working closely with Callahan on site planning and construction delivery and alongside its strategic energy affiliate, EcoSmart Solution, to support implementation of the project’s approach to a high standard of sustainability.

The community is designed to target Phius CORE 2024 standards. Beyond the project’s high-performance building design, planned geothermal heating and cooling and onsite solar generation are intended to further enhance overall building performance. The fully electric design will incorporate no onsite fossil-fuel combustion and is planned to include approximately 111 kW of onsite solar PV capacity, expected to generate approximately 134,000 kWh of electricity annually, supporting the project’s objective of reducing energy use and operational carbon emissions.

Alexia Gottschalch, Head of US Real Estate Equity, L&G – Asset Management, America:

“Today’s groundbreaking is an important milestone for our US real estate platform and for our continued investment in high-quality housing. This project brings together long-term retirement capital, meaningful affordability and ambitious sustainability features in a Greater Boston market where demand for rental housing remains strong. We are grateful to the Concord community, local officials, Taurus, EcoSmart and Callahan for their partnership as we move this development forward.”

Peter A. Merrigan, CEO, Taurus Investment Holdings, LLC:

“This project has been several years in the making, shaped through extensive planning and collaboration with the Town of Concord and many dedicated project partners. Reaching groundbreaking is a meaningful milestone for everyone involved, and we are grateful for the engagement and support that helped bring the project to this point. This project demonstrates how new housing, meaningful affordability and high-performance design can be brought together in a thoughtful way within a high-demand market.”

Steve Callahan, VP, Callahan Construction Managers:

“Creating much-needed housing is just one objective the Concord development project will address, as it is also a model for sustainability and energy efficiency, designed with geothermal mechanical systems, all-electric, and to Passive House standards,” said Steve. “We are excited for the opportunity to partner with the team of Taurus Investment Holdings, L&G, and CUBE3, along the town of Concord, to bring these 201 units of (150) market-rate and (51 permanently) affordable housing units to the region.”

1. L&G has a minority stake in Taurus Investment Holdings, LLC.

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More than $100 million investment will bring 145 new rental residences to Bayside, advancing Cord Meyer’s commitment to meeting housing needs in Queens

BAYSIDE, NY — September 16, 2026 — Recently, Cord Meyer Development (Forest Hills, NY) celebrated the groundbreaking of its new residential community at the Bay Terrace Shopping Center, marking a major investment in new housing and the continued evolution of one of Northeast Queens’ most established shopping and community destinations.

The more than $100 million development will bring 145 new rental residences to Bayside in two five-story buildings being constructed on currently underutilized upper-level parking areas off 26th Avenue. The project follows Cord Meyer’s recent multi-million-dollar renovation of the Bay Terrace Shopping Center and marks another significant step in the company’s commitment to the region.

“Cord Meyer has been part of Queens for more than 120 years, and we believe strongly in its future,” said Danielle Molaison, Vice President of Development at Cord Meyer Development. “One of the borough’s most pressing needs is additional housing, and we’re proud to help address that here in Bay Terrace. This is a community where people want to stay, and these new residences will provide more options for those who want to continue calling it home.”

According to Cord Meyer Vice President and Bay Terrace Project Lead Joe Forgione, the new residences are designed to be fully integrated with the Bay Terrace Shopping Center.

“We’re providing residents with convenient access to grocery shopping, restaurants, entertainment, fitness and a wide range of national and local retailers,” explained Forgione. “The residential development follows a major repositioning of the shopping center and represents the next phase in the evolution of the Bay Terrace property.”

The as-of-right development will include a mix of one-, two- and three-bedroom apartments in elevator buildings featuring brick facades with stone accents. Many residences will include private terraces or balconies, with some first-floor homes offering individual entrances. Below-ground resident parking and a range of amenities are also planned, including rooftop terraces and outdoor gathering areas, resident lounges, a live-in superintendent, and a clubhouse designed to accommodate both work-from-home needs and community connection.

Queens Leaders Welcome New Housing 

Queens Borough President Donovan Richards Jr. said the addition of residences at the Bay Terrace represents an important contribution to addressing the borough’s need for new housing.

“With our city in the midst of an unprecedented housing crisis, we must leave no stone unturned in building homes for our neighbors across every community of this borough. I’m grateful to our partners at Cord Meyer for recognizing this need and making the investments necessary to give nearly 150 families the high-quality home they deserve. When we talk about creating true live, work and play communities, Bay Terrace is now a firm example of what housing, entertainment and economic opportunity coming together can look like.”

State Senator Toby Ann Stavisky said the development will create new opportunities for residents who want to remain in Northeast Queens as their housing needs change.

“Northeast Queens is a place people do not want to leave. The difficulty has always been finding somewhere to go when your needs change. New rental housing in Bay Terrace gives residents options within the neighborhood they already call home — young adults starting out, and older neighbors looking for something that fits their stage of life. Cord Meyer has made significant investments in the Queens community for years and I look forward to continuing the relationship with them.”

New York City Council Member Vickie Paladino praised the project as an important investment in the future of Bay Terrace and highlighted Cord Meyer’s longstanding commitment to the community.

“This project is about continuing to build a vibrant, thriving neighborhood where families can live, businesses can grow, and our community can look forward to a strong future. Cord Meyer has deep roots in Bay Terrace, and we greatly appreciate its continued commitment to investing in this community. Today’s milestone is a testament to what can happen when a company understands the community it serves and remains committed to its long-term success. I am proud of the strong partnership we have developed with Cord Meyer, and I congratulate everyone who worked to bring this project to this important moment. We look forward to seeing this vision become a reality.”

A History of Investment in Bayside

Cord Meyer’s history in Bayside dates back more than a century. In the 1920s, the company developed The Gables, a residential community created on a portion of the former Shore Acres estate overlooking Little Neck Bay. Decades later, Cord Meyer opened the Bay Terrace Shopping Center, which for more than 60 years has served generations of Northeast Queens residents.

The new residential community represents the latest chapter in that history. By transforming parking areas that typically experience low usage into new housing, Cord Meyer is adding residences without displacing existing homes or businesses. The result is a natural connection between housing, retail, dining and neighborhood services.

Callahan Construction Managers is serving as general contractor for the project. Callahan also serves as general contractor for 70 Westchester Avenue, Cord Meyer’s 203-unit residential development currently under construction in White Plains, New York.

“Breaking ground on a new project is always exciting, but it’s particularly gratifying when it occurs with a partner like Cord Meyer,” said David Morrow, Vice President and Head of New York Operations for Callahan. “The Bay Terrace development is already a thriving part of the Bayside, Queens community. Adding these residences will bring this center to a new level of vibrancy, one that residents and visitors alike will be proud of for generations to come, and today’s milestone is one that the entire community can share in celebrating.”   The new rental development at the Bay Terrace Shopping Center is expected to be completed at the beginning of 2028. Additional information about the residences, including renderings and videos, is available at www.bayterrace.com/residential.

New mixed-use project marks Cord Meyer’s expansion into Westchester County and the redevelopment of a highly visible White Plains property.

WHITE PLAINS, NY — June 30, 2026 — Cord Meyer Development (Forest Hills, NY) and Saber Real Estate North (Brewster and Briarcliff, NY) celebrated a major milestone on June 30 with a ceremonial groundbreaking for 70 Westchester Avenue, a mixed-use luxury residential development that will transform a prominent White Plains property into a vibrant residential destination.

Offering new housing and community amenities, the project will feature a 10-story residential building totaling approximately 331,691 square feet, including 203 apartment residences inclusive of affordable units, 9,600 square feet of ground-floor commercial space, and an integrated 266-space parking structure.

“This groundbreaking at one of Westchester County’s most visible and accessible locations and entry to the City marks an exciting new chapter for Cord Meyer Development,” said Danielle Molaison, Vice President of Development at Cord Meyer Development. “While our roots are in Queens, our mission has always been to create exceptional housing options that enhance the communities they serve. We’re proud to bring that experience to White Plains and to begin construction on a project that we believe will make a lasting contribution to the city.”

Martin G. Berger, Co-Founder and Managing Member of Saber Real Estate North, said 70 Westchester Avenue reflects both the firm’s longstanding commitment to the City of White Plains  and the vision of the development team to continue to build a stronger City.

“This project encompasses years of planning, collaboration, and commitment,” said Berger. “White Plains is one of the region’s most desirable places to live and 70 Westchester Avenue has been carefully designed to meet the needs of current and future residents. We are proud to join Cord Meyer in bringing this exciting project to life and contributing to the city’s long-term growth and success.”

70 Westchester will combine thoughtfully designed residences with a variety of indoor and outdoor amenities, including co-working spaces, a swimming pool, rooftop gathering areas, fitness facilities, a dog-walking area and pet spa, and other features that support today’s evolving lifestyles. Strategically positioned along Westchester Avenue and directly across from The Westchester shopping center, the property is within walking distance of restaurants, retail destinations, parks, and neighborhood amenities while offering immediate access to Interstate 287, the region’s primary east-west transportation corridor.

The project also represents a significant environmental revitalization effort. The site, formerly occupied by the White Plains Chrysler Jeep Dodge Ram dealership, has been cleaned to residential standards with the help of New York State’s Brownfield Cleanup Program, which encourages the remediation and redevelopment of underutilized properties. Through the program, the development team is transforming a former automobile dealership site into a vibrant mixed-use community that will generate long-term economic and community benefits for White Plains.

Westchester Leaders Applaud the Vision

Local elected officials praised the project as an important investment in the future of Westchester County and White Plains.

Westchester County Executive Ken Jenkins said: “As Westchester County continues to grow, projects like 70 Westchester Avenue play an important role in shaping vibrant, connected communities. By expanding housing opportunities and supporting economic development, this investment further strengthens downtown White Plains and helps ensure our County remains a place where people choose to live, work, raise a family and invest in the future.”

“This project reflects the continued momentum we are seeing throughout White Plains,” said White Plains Mayor Justin Brasch. “70 Westchester Avenue will activate this important gateway into our city and also make important pedestrian safety improvements to the area. We are pleased to see construction take hold and look forward to welcoming this new development to White Plains.”

The project also received support from the Westchester County Industrial Development Agency (IDA), which approved economic development incentives to help advance the redevelopment of the former dealership property and support new housing and investment in White Plains.

Joan McDonald, Chairperson of the Westchester County Industrial Development Agency, said 70 Westchester Avenue reflects the type of project the agency seeks to encourage throughout the county.

“By redeveloping a long-underutilized site and creating new housing opportunities, 70 Westchester Avenue will deliver lasting benefits for White Plains and Westchester County,” said McDonald. “We are proud to have supported a project that will contribute to the community’s continued growth and vitality.”

For the 70 Westchester Avenue project, Cord Meyer Development and Saber Real Estate North assembled a distinguished team of design and construction professionals, including the project’s general contractor, Callahan Construction Managers. Callahan also serves as general contractor for the residences at the Bay Terrace Shopping Center, Cord Meyer’s new residential development in Bayside, Queens, and brings extensive experience in large-scale residential and mixed-use developments throughout the Northeast.

“70 Westchester is one of the latest projects overseen by Callahan’s growing White Plains office, as well as one of our most recent collaborations with Cord Meyer Development,” said David Morrow, Vice President of New York Operations, Callahan Construction. “We’re very pleased to be working with Cord Meyer and Saber Real Estate North and to be building other projects in the City of White Plains.”

For more than 120 years, Cord Meyer Development has pursued projects that strengthen communities and create lasting value. 70 Westchester Avenue continues that tradition, combining new housing, environmental remediation, and strategic investment at one of Westchester County’s most prominent locations.

Construction is underway at 70 Westchester Avenue, with completion anticipated early 2028.

Callahan and Architect Maugel Destefano deliver the finished project a full month ahead of schedule

BRIDGEWATER, MA — June 29, 2026 — Callahan Construction Managers (Callahan), a full-service construction management company headquartered in Bridgewater, Mass. with offices in White Plains, NY, announced today it has completed construction of the new Poet Hill Place in Worcester, Mass., a 210-unit, market-rate housing development for project owner SMC Management Corp. (SMC) in the Poet Hill neighborhood.

Located on a 5-acre site on Hemans Street, the project features five stories of residential living over a double-podium parking garage. The location of the project site presented challenges from the start of construction, including a dramatic slope that required Callahan’s team to oversee major sheeting and shoring operations featuring an almost 40-foot foundation wall. Design partner Maugel DeStefano Architects utilized the slope component to create a residential courtyard on top of the parking deck that is level with Hemans Street, showcasing the creativity necessary to make the natural features of the land work to the team’s advantage.

The C-shaped building features studio, 1-, and 2-bedroom apartment designs, and an amenity-rich environment reflecting the new standards in market-rate communities. A fully landscaped courtyard, grill stations, fire pit, bocce ball court, and rooftop deck are some of Poet Hill’s notable outdoor features. Inside, a cyber cafe, exercise/yoga spaces, and community room help foster a highly social atmosphere for residents. Callahan’s team worked tirelessly to meet occupancy goals despite challenges brought by winter conditions, including multiple days lost due to weather-related impacts. The team still completed the project a full month ahead of original estimates, ensuring SMC could begin attracting tenants as quickly as possible.

“The Poet Hill Residences transformed an underutilized site into a residential space that will help attract new residents to Worcester and provide a high-end experience to everyone who lives there,” said Bob Simonds, Director – Capital Projects, SMC Management Corp. “The success of this project weighed heavily on meeting critical opening dates to begin welcoming tenants, and the Callahan team went above and beyond to ensure we met these goals. We’re grateful for their partnership.”

“As architects, we approached the site’s significant grade change as a defining opportunity rather than a constraint,” said Mike Kunz, Principal, Maugel DeStefano Architects. “By placing the building atop the structured parking, we were able to create a residential courtyard at the podium level that connects directly to Hemans Street and activates the heart of the community. The resulting C-shaped configuration frames this shared outdoor space while supporting efficient residential layouts and a strong connection between building, landscape, and neighborhood context. Working closely with the Callahan and SMC teams, we were able to align design intent with construction execution and deliver a significant new residential community for the City of Worcester and its residents.”

Callahan’s team also drove a collaborative relationship with Worcester city officials to ensure that key zoning and safety requirements were met. Regular communication with these stakeholders ensured that the Poet Hill Residences could meet its aggressive occupancy goals, along with addressing concerns and feedback from nearby neighborhood residents.

For more information on Callahan’s market rate construction experience, click here. 

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Largest residential development in organization history is the first project completed under Cambridge’s Affordable Housing Overlay 

Cambridge, MA – June 8, 2026 – Just A Start, alongside elected officials, project partners, residents, and community members, celebrated the completion of 52 New Street with a ribbon-cutting ceremony marking a major milestone in Cambridge’s efforts to expand affordable housing opportunities. 

The six-story development brings 106 permanently affordable rental homes to North Cambridge and represents the largest residential development in Just A Start’s history. Located adjacent to Danehy Park and within walking distance of the Alewife MBTA station, the development transforms a formerly vacant building and parking lot into a vibrant, sustainable community designed to support residents of varying incomes. 

“With move-ins already underway, families are beginning a new chapter in homes that provide stability, opportunity, and connection to the Cambridge community,” said Carl Nagy-Koechlin, Executive Director of Just A Start. “52 New Street represents what is possible when communities invest boldly in affordable housing. We are deeply grateful for the years of partnership, collaboration, and support from the public and private partners who helped bring this vision to life and ensure residents can continue to live and thrive in Cambridge. 

The project also represents a significant milestone for the City of Cambridge as the first development approved under the City’s Affordable Housing Overlay, a zoning initiative intended to accelerate the creation of affordable housing throughout Cambridge. 

“We are so proud to see 52 New Street reach this incredible milestone. This property is especially important to us, as the first project permitted under the Affordable Housing Overlay,” said Cambridge City Manager, Yi-An Huang. “We are grateful to Just A Start for believing in our citywide vision for equitable access to housing in Cambridge, and we are pleased to gather today to celebrate 106 new affordable homes for Cambridge families.” 

“Housing affordability is a top priority for the City of Cambridge and for our residents. For so many families, it is the foundation that makes stability and opportunity possible,” said Sumbul Siddiqui, Mayor of Cambridge. “The Affordable Housing Overlay was a major milestone, designed to make it possible to build more permanently affordable homes, faster. It is incredible to see one of the many fruits of that labor in just under three years. Through the collective investment of the City, the Cambridge Affordable Housing Trust, the state, private partners, and the hard work of Just A Start and their construction and architectural partners, 106 permanently affordable homes are now a reality in North Cambridge. And 52 New Street is only the first.” 

Construction on the development began in December 2023. The completed project includes 22 one-bedroom apartments, 62 two-bedroom apartments, and 22 three-bedroom apartments, along with 3,875 square feet of ground floor commercial space. Residents will also benefit from a variety of community amenities, including roof and patio decks, a fitness room, community room, and play area. Built to Passive House energy efficiency standards, the development emphasizes long term sustainability and environmental responsibility. 

Of the 106 apartments, 17 are reserved for households earning up to 30% of Area Median Income (AMI), 79 are reserved for households earning up to 60% of AMI, 10 are designated as middle income units for households earning up to 80% of AMI. 

“This project will provide much-needed affordable housing for families in Cambridge,” said Representative Steven Owens. “I’m so glad to see this project come to fruition and am grateful for all those who made it possible.” 

Beyond creating affordable housing, 52 New Street is designed to connect residents to opportunity. Thanks to Comcast’s generous donation of 106 laptops, every household moving into the development will have access to a vital tool for education, workforce participation, and everyday connectivity. 

The development was made possible through public and private financing partners committed to expanding affordable housing opportunities in one of the state’s most competitive housing markets. Allocations of state and federal Low Income Housing Tax Credits from the Massachusetts Executive Office of Housing and Livable Communities (EOHLC) generated approximately $43 million in Federal and State Low Income Housing Tax Credit equity for the development, as well as $5.3 million in direct support from EOHLC. This includes $1 million in American Rescue Plan Act funding through the Affordable Housing Trust Fund administered by MassHousing, and $1.5 million in Transit Oriented Development funding administered by Massachusetts Housing Partnership. 

“As we work to bring down housing costs and build new homes for the next generation, projects like 52 New Street are essential,” said Juana Matias, Secretary of Housing and Livable Communities. “The 106 new homes at 52 New Street will help more families put down roots in Cambridge while expanding the community’s supply of affordable housing. The Healey-Driscoll Administration was proud to partner in making this project possible.” 

MassHousing provided additional $41.6 million in financing to support the project, including permanent financing, tax credit equity bridge financing, middle income housing financing, and Capital Magnet Fund financing. 

“MassHousing is excited to be a partner in this effort by Just A Start that replaced a vacant building and a parking lot with 106 brand new apartment homes that will provide residents with mixed incomes the ability to live affordably in Cambridge,” said MassHousing CEO Chrystal Kornegay. “This new community is going to provide the households at 52 New Street with rental stability and economic opportunities in the city and beyond.” 

The project also received acquisition financing and $8.7 million in permanent financing through the Cambridge Affordable Housing Trust and Community Development Block Grant funding, along with $47.5 million in construction financing from Santander Bank with participation from Eastern Bank. RBC Community Investments partnered as the Low-Income Housing Tax Credit Syndicator. Additional support includes MassDevelopment Brownfields Fund Grant, sponsor loan and solar tax credit financing. 

The project team included Callahan Construction Managers as general contractor, RODE Architects, Wingate Management as management agent, New Seasons Development as project consultants, Tierney Development Services, and Klein Hornig LLP. 

“Just A Start’s mission impacts thousands of Cambridge residents on a daily basis, and 52 New Street will further expand their abilities to provide stable housing and meaningful career training,” said Patrick Callahan, President, Callahan, Inc. “In addition, this project showcases how affordable communities can be built in accordance with cutting-edge environmental standards and integrate meaningful amenities for residents. We are honored to have played a role in its creation.” 

“We are so proud of this building and thrilled to see the early seeds of a community take root here,” said Ben Wan, Principal at RODE Architects. “From the courtyards and roof decks, to the amenity spaces and apartments—all with beautiful views of the city and park—52 New Street fulfills the team’s belief that every person is entitled to healthy, enriching, resilient housing.”

145-unit transit-friendly development proceeding under the MBTA Communities Act

BRIDGEWATER, MA — June 16, 2026 — Callahan Construction Managers (Callahan), a full-service construction management company headquartered in Bridgewater, Mass. with offices in White Plains, NY, announced today that it has broken ground at 259 Lenox Street in Norwood along with its project partners SV+Partners and Tremont Asset Management. The contemporary residential development will transform a former industrial site into a vibrant, transit-oriented community.

Today’s ceremony marks the start of what will become a five-story, 145-unit community permitted under the MBTA Communities Act, which encourages the development of new housing in areas served by public transit. The site is located directly adjacent to the MBTA Norwood Central Commuter Rail Station and is close to numerous neighboring amenities, including Norwood Plaza and the Norwood Town Square. The site’s location offers direct access to Boston’s South Station, Foxborough, and other regional destinations via Commuter Rail.

The development will feature a double-height great room, expansive amenity spaces including a golf simulator, dedicated co-working spaces, and gaming areas, as well as a south-facing courtyard with a pool. The project is being built to PHIUS Passive House standards with modern building systems, efficient structural design, and high-quality exterior materials suited for durability and long-term performance.

“For nearly a century, our family has invested in projects built to last and grow responsibly,” said Sam Slater, Managing Partner, Tremont Asset Management. “259 Lenox reflects that philosophy – a transit-oriented, Passive House community that adds needed housing supply while creating lasting value for Norwood and for our partners.”

The fundamentals behind the project are compelling: an underserved market, a transit-rich location, and an experienced development and construction team to bring the project to fruition. The region’s housing shortage gets solved one well-located project at a time, and by building 145 homes directly adjacent to commuter rail, 259 Lenox adds meaningful supply where it has the most impact – close to transit, jobs, and the heart of Norwood.

“259 Lenox Street represents a culmination of years of effort between private and public sector partners, community advocates, and statewide leadership,” said Jacob Vance, Co-Founder and Principal, SV+Partners. “Transforming a vacant parcel next to public transit into a new residential community is exactly the kind of site we seek to unlock – this project will have a meaningful impact on the community and create a desirable place for our future residents to call home. We’re grateful to Norwood’s leadership, our committed partners at Tremont and Callahan, and the EMBARC design team for achieving this milestone.”

For more information on Callahan’s market rate construction experience, click here. For more information on SV+Partners project portfolio, click here. To learn more about properties developed by Tremont Asset Management, click here.

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Amenity-rich property will bring more than 250 rental units to market

PORTLAND, ME – March 12, 2026 –  Callahan Construction Managers (Callahan), a full-service construction management company headquartered in Bridgewater, Mass. with offices in White Plains, NY, announced today that it has been selected to manage construction of the new Thompson’s Point apartment community in Portland, Maine, in partnership with the project’s developer, Cathartes. The six-story, 457,600 square foot building will add 257 residential rental units to the Libbytown neighborhood near the Fore River.

The building structure will utilize a steel-framed podium on the first floor supporting five stories of wood-frame construction extending from the second-floor slab through the roof. Building features include a fitness center, yoga room, café, game lounge, swimming pool, and outdoor spaces with views of the Fore River and Portland Jetport. A 460-spot parking garage will also be built for both residents and visitors to Thompson’s Point alike and will act as a buffer from the nearby rail system.

“We’re pleased to partner with Callahan to bring this thoughtfully designed community to life and contribute to the continued evolution of Thompson’s Point while helping meet Portland’s growing demand for housing,” said Rob Simmons, Director of Development, Cathartes.

This project is Callahan’s first in the Portland, ME market, marking its latest geographic expansion into northern New England. The company continues to secure new work in both New Hampshire and the Tri-State area, along with ongoing project activity throughout Massachusetts. Recognizing the importance of local history and respecting Maine’s abundant natural resources, Callahan looks forward to creating a space for residents and newcomers alike to call home.

“Thompson’s Point will introduce much-needed housing to Portland’s vibrant downtown community, offering the best of both worlds: proximity to entertainment and cultural attractions with easy access to outdoor recreation,” said Steven Callahan Jr., Vice President – Business Development for Callahan Construction. “Our company is excited to support Maine’s economy and work with our partner Cathartes on this feature-laden development that will complement the surrounding environment.”

Boston, MA-based Embarc will provide design services. For more information on Callahan’s market rate community expertise, click here.

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Proximity to Patriot Place will support wide array of exciting sports and entertainment events

BRIDGEWATER, MA – March 9, 2026 –  Callahan Construction Managers (Callahan), a full-service construction management company headquartered in Bridgewater, Mass. with offices in White Plains, NY, announced today that it has been selected to manage construction of the new Avid Hotel property in Walpole, MA located at 2295 Providence Highway near Patriot Place.

Developed by Brockton-based Jiten Hotel Management, the 50,431 square foot hotel will join a growing ecosystem of leisure, travel, and retail properties built around the Patriot Place stadium and entertainment complex. With major sporting events like the upcoming World Cup, New England Patriots football, and a steady cadence of concerts and other events, the Route 1 corridor has been transformed since the construction of the Patriots’ home stadium.

The 4-story wood-frame, slab-on-grade project is currently scheduled to be completed in Spring 2027. With 119 rooms, a highly amenitized lobby, and ample natural daylighting, this addition to the region’s hospitality offerings will provide a fresh approach to hotel design, with architectural services provided by DJSA Architects.

Over the past twenty years, Jiten Hotel Management has climbed the ranks to become one of the top hotel management companies in New England. JHM has received numerous awards from Marriott International, InterContinental Hotels as well as Choice Hotels International. The Walpole property is its first with the Avid brand of hotels, which is owned by IHG Hotels & Resorts.

“The Avid Hotel will be a welcome addition to one of the most popular destinations in Massachusetts, and we’re excited to partner with Jiten Hotel Management on its creation,” said Steven Callahan Jr., Vice President – Business Development for Callahan Construction. “The Route 1 corridor has grown rapidly since the opening of Patriot Place, and with a steady drumbeat of world-class events regularly coming to Foxboro, we are certain visitors and residents alike will find Avid a comfortable and relaxing home away from home.”

In choosing Callahan to oversee the project, Jiten has a partner with extensive hospitality industry experience. Callahan has managed construction on local hotel properties ranging from the White Elephant Hotel on Nantucket to the Sheraton Needham Hotel.

For more information on Callahan’s hospitality expertise, click here.

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As one year ends and another begins, it’s an appropriate time to look back on 2025 and assess the significant milestones of the past 12 months. At Callahan, it’s a year that’s been marked by continued progress across all markets; the satisfaction of projects built to an exacting level of quality, often ahead of schedule; and the joy of new partners in the construction and developer world, not to mention colleagues in cities and towns across the Northeast.

As a company, however, it’s important to note that many of these successes would not be possible without the people on our team, recent hires and long-standing employees, all of whom have shown incredible depth and dedication to delivering the utmost quality and customer service to our clients.

With a healthy backlog in hand and new markets on the horizon, we at Callahan are thrilled to begin 2026 with the confidence that comes from having one of the best teams in the business.

A year of growth and fantastic partnerships

In Massachusetts, we worked closely with leading developers of affordable housing communities, market rate apartments and condos, and some of the most exciting research, corporate, and hospitality clients in the region. One of our prouder achievements was the unveiling of Phase II of the 200 Quannapowitt community in Wakefield, MA, which officially opened to residents 100 days ahead of schedule! This phase included 160 units along with a 460-space parking garage, amenity lobby, pool courtyard, fitness areas, pet spa, sky lounge, and another roof deck.

We also saw our work continue in New Hampshire on two exciting market-rate projects: We broke ground on Prescott Post in Portsmouth, adding to the incredible depth of amenities in the state’s Seacoast region. The Callahan team also recently delivered the first phase of Tuscan Village residential development in Salem two months ahead of schedule and under budget. We’re looking forward to additional projects announced in New Hampshire – and beyond! – in the coming months.

Our White Plains, NY office also continued to add new projects across the Tri-State region. Recent work includes breaking ground and the topping-off of the Willow at the Ridgeway, which will yield much-needed senior housing in place of a once-blighted low-income community, and the development of a former underutilized site in Newington that will become the future home of the Spark on Cedar market-rate community. Suffice to say, our teams in New York and Connecticut continue to find new opportunities to spread the Callahan brand far and wide.

It All Comes Back to People

Our teams and those we work with through our client relationships share values that reflect a commitment to making an impact that starts with the first shovel in the ground and doesn’t end until the last family takes occupancy of their new home. The Callahan brand is growing stronger by the year, and it’s powered by the relationships that make it all possible. We thank you for your partnership and can’t wait to see what’s ahead.

26-acre site will create over 300 apartment units across 17 buildings on former retail site

PORTSMOUTH, NH – December 4, 2025 –  Callahan Construction Managers (Callahan), a full-service construction management company headquartered in Bridgewater, Mass. with offices in White Plains, NY, announced today that it has broken ground on Prescott Post, a significant residential development located in Portsmouth and featuring 17 standalone 3-story walk-up and 4-story elevator buildings. The project’s developers are Eastern Real Estate and The Kane Company, which have collectively overseen the development and management of millions of square feet of properties across the U.S. and within New England.

The 360-unit market rate project will span a 26-acre site on what was formerly the home of a long-vacant Christmas Tree Shops and Bed, Bath, and Beyond retail stores. Featuring a mix of studios, one-bedrooms, two-bedroom and three-bedroom units, the community will boost Portsmouth’s housing stock while also preserving open space and introducing amenities that reflect the hybrid and flex-work lifestyles many young professionals have adopted.

Prescott Post will include over 2.7 acres of green space, which will be used to provide residents with access to a public dog park, multiple recreation areas with grills and picnic tables, community walking paths, and greenways. A shared indoor residential amenity suite will be centrally located within the site on levels 1 and 2 of one of the community’s 4-story buildings, and social gathering spaces abound. A clubroom, resident game lounge, private work pods, and outdoor lounge spaces are among the numerous proposed amenities. In addition, an indoor/outdoor fitness facility will offer recreational activities for all skill levels and abilities.

“Portsmouth is one of New England’s most exciting cities, and Prescott Post will create opportunities for current and future residents to experience all that it has to offer,” said Steve Callahan, Jr., Vice President – Business Development for Callahan Construction. “We are particularly excited to be part of the team responsible for bringing it to life, and to work closely with city leadership and residents to build a project all can be proud of.”

Callahan recently completed the 75 Canal residential development in Manchester, which was recognized with a Build New Hampshire award from the AGC of NH. For more information on Callahan’s residential market expertise, click here.

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