About Us

Waterford Development Corporation (WDC) was formed in 1995, and has developed over $350 million of real estate over the last twenty years, using the real estate development and financial experience of the principals Richard N. Houlding (retired) and Robert E. Shapiro, within the framework of a small business model. Waterford Development Corporation has combined the unique ability to design, develop, finance, lease and exit both large and small commercial and residential properties.

By developing both raw land and existing buildings with additional upside potential, WDC offers diversity and flexibility through a complete team approach to commercial and residential development, including market research, architectural design, site engineering, construction, financing, and leasing.

One of Waterford Development Corporation’s newest projects, which opened in September 2016, is the Marriott Residence Inn, a 118-room extended stay property located in the quintessential historic town of Concord, MA. In partnership with XSS Hotels’ principals, Waterford has also developed a 128-room Residence Inn in Needham, MA. The Residence Inn sits next to Trip Advisor’s corporate headquarters facing Interstate 95 in Needham, MA. The partnership team also developed the Marriott Towne Place Suites, a 104-room extended stay property in the Quonset Business Park in N. Kingstown, RI. Employers include General Dynamics Corp, the Air National Guard and the corporate headquarters of Ocean State Job Lots.  Each of these projects were designed by PCI Architecture, constructed by ProCon Construction, and managed by Colwen Management

Waterford Development Corporation is the master developer of The Neighborhoods at Woodland Pond in Manchester, NH, featuring distinctive neighborhoods of detached single-family homes, multi-level townhomes, and single-level carriage homes. The 372 condominiums, which are spread over 112 acres and only cover 28% of the overall land area, are less than 10 minutes from downtown Manchester, NH, and adjacent to 600 acres of conservation land.

Past projects include the construction of the Sunovion Pharmaceuticals (previously Sepracor) Corporate Center, a 425,000 square foot, Class A suburban office park in Marlborough, MA, as well as 890 luxury apartment units in southern NH and Manchester, CT, and over 190 single-family homes in Bedford and Manchester, NH.

JMY Consulting Services, Inc. ("JMY"), established in 1991, is a multi-disciplined real estate, resort development, and hospitality consulting firm based in Boston, MA, with a satellite office in Toronto, ON. JMY has been actively involved with a number of ski and multi-season resorts, hospitality developments, and large real estate plays throughout the United States, Canada, parts of Europe, and New Zealand.

JMY has worked closely with a number of banks, insurance companies, pension funds, REITs, and hedge funds providing resort understanding of value assessments, real estate analysis, resort operations and asset management, planning and construction services, marketing and disposition services, and joint venture opportunities for a number of ski and multi-season resort clients.

JMY has served on numerous panels and has given presentations on such topics as "Recent Trends in Resort and Hospitality Development in North America" in Boston, New York, Vancouver, Toronto, Zurich, and London. They have also presented to the full NSAA membership at annual association conferences and tradeshows throughout the United States, in addition to serving on regional and national distressed sales and bankruptcy association boards.