Growth Culture Leads to Firm Excellence

With 70 years of industry experience, and four generations under our belt, The Procopio Companies (Procopio) has significantly evolved since our inception. From our beginnings as a single-family brokerage to our extension of operations including construction and development, our shift over the past decade has seen us pivot toward the development of multifamily projects throughout New England. As the desire for multifamily and mixed-use development has increased, our team has capitalized on our creativity and significant residential expertise to create distinctive places to live.

It is with this seasoned expertise, positive attitudes, and strategic thinking of the entire team that we have seen such a measurable transformation, particularly in our last five years. Since 2016, our revenue has grown seven times its size and we have delivered nearly 2,000 residential units across over 2 million sq. ft., with $596 million in active developments in 2022.

To manage this expansion, our team has seen substantial growth, as we have expanded our leadership to include our first CFO, Neil Geary. With a 20% increase in our team in 2022 alone, we also saw the hiring of our director of operational excellence, Shad Brook, and director of development, David Roache. Procopio’s strong commitment to our workforce also saw six significant team member promotions, including Greg Procopio to executive vice president, Bryan Vitale to SVP, strategy & investments, and Angelo Antidormi to director, acquisitions.

Our team’s strong contributions were recognized not only by Procopio, but by the Builders and Remodeler’s Association of Greater Boston in the form of four PRISM awards. Individually, team members recognized included

Collin Ravenelle for Most Valuable Team

Member: Builder or Remodeler, Jon Mills for Superintendent of the Year, and Chris Dandreo for Rising Star of the Year. As CEO, I also received the national honor of Building Design & Construction’s 40 Under 40 recognition.

Mosaic, our recently sold multifamily project in Lynn, Mass., also received a PRISM award for Best Use of Smart Home Technology. Mosaic was one of four successful property completions and openings in 2022. Mosaic, Procopio’s second downtown Lynn project, is a 6-story, 146-unit mixed-use property. It follows Caldwell, which opened for occupancy in 2021 and is New England’s largest LEED Platinum certified project. Daymark is our mixed-use condo project in downtown Portland, Maine, where we have capitalized on the city’s growth and Maine’s substantial housing shortage. Additional Massachusetts projects include Somerset in Winthrop and Lume in Wilmington, which have both opened with strong success given the need for housing in Greater Boston and the convenience of both properties to public transit.

The secret to our success? We are never done growing. Our frequent, full-team trainings keep us agile and build our culture, allowing us to think bigger, take risks, and envision multifamily projects that feel like home. Where others see difficulty, we see opportunity, and we will continue to remain at the front of industry trends, serving as a pioneer for better product.