Founder of Boulerice Management and New England Realty Group celebrated for leadership in housing redevelopment. From boarded-up buildings to bustling neighborhoods, Boulerice’s projects breathe new life into communities across the region.
WATERVILLE, ME – November 5, 2025 – The Central Maine Growth Council has named Matthew Boulerice its 2025 Developer of the Year, recognizing his decade-long commitment to turning neglected properties into vibrant homes and commercial spaces. Boulerice, founder of Boulerice Management and New England Realty Group, accepted the award at CMGC’s Annual Meeting on October 20, 2025.
Since founding Boulerice Management in 2015 and New England Realty Group shortly thereafter, Boulerice has led more than 125 redevelopment projects across Maine, breathing new life into neglected properties and creating modern, energy-efficient housing options. His work has enhanced the region’s real estate market while supporting workforce housing needs and encouraging further private investment.
As a recent project, the 80–88 Elm Street redevelopment represents a transformative $1.7 million mixed-use investment directly abutting Waterville’s core downtown district—an area that has undergone more than $200 million in public and private investment in recent years. The project converted a high-vacancy, code-deficient property into a vibrant, well-managed building featuring 22 quality residential units and new commercial leases. Supported through a Tax Increment Financing (TIF) district and a Credit Enhancement Agreement with the City of Waterville, the redevelopment strengthens the downtown housing market, enhances neighborhood safety, and exemplifies how targeted public-private partnerships can catalyze sustainable urban revitalization and expand access to clean, affordable housing.
“Matthew’s projects embody the kind of market-smart, community-centered investment driving Waterville’s economic renaissance,” said Garvan Donegan of CMGC. “His ability to convert underutilized assets into productive, sustainable spaces reflects both sound economic vision and a deep commitment to long-term regional vitality.”
Originally from Scarborough, Boulerice and his wife, Tori, along with their daughters Alexis and Lillian, moved to Waterville five years ago and quickly immersed themselves in the community. Boulerice, who earned his real estate license shortly after graduating from high school, brings more than a decade of entrepreneurial experience and a passion for reinvestment in Maine’s communities.
“Waterville and the surrounding region have incredible energy and potential,” said Matthew Boulerice. “Our mission has always been to create spaces that inspire pride and progress—whether through restoring historic buildings or developing new housing that meets the needs of today’s residents. Being recognized by the Central Maine Growth Council is an incredible honor and a reflection of the teamwork and community spirit that drive this region forward.”
Boulerice’s projects reflect his belief that development should improve both the built environment and quality of life. From multi-unit housing redevelopments to commercial space restoration, his work contributes to Central Maine’s reputation for sustainable advancement and community revitalization.
The Developer of the Year Award honors individuals and organizations whose investments and vision have significantly contributed to the economic and physical growth of Central Maine. Boulerice’s recognition as the 2025 Developer of the Year underscores his dedication to thoughtful development, neighborhood renewal, and long-term economic prosperity across Central Maine.
Presented during Central Maine Growth Council’s Annual Meeting, the Developer of the Year Award highlights the vision and leadership shaping central Maine’s future. Sponsored by Kennebec Savings Bank, Valley Beverage, and Bricks Coworking & Innovation Space, the event brought together local leaders, business owners, and entrepreneurs to celebrate a year of innovation, revitalization, and progress within our community.
About Boulerice Management LLC and New England Realty Group LLC
Founded by Matthew Boulerice, Boulerice Management specializes in property development and management throughout Maine, focusing on revitalizing underutilized properties and enhancing community livability. New England Realty Group, a full-service brokerage, provides real estate sales, leasing, and consulting services across the region. Together, the companies have completed more than 125 redevelopment projects statewide.
About Central Maine Growth Council
Central Maine Growth Council (CMGC), located in Waterville, Maine, is a public-private collaborative regional economic development partnership funded by municipalities and businesses who share a common vision of economic prosperity for our region. CMGC is committed to fostering a robust regional economy. Our belief is that the standard of living and quality of life of our citizens is best served by a vibrant, healthy economy. This is accomplished with a strong successful business community. To find out more about how CMGC can help your business succeed, give us a call at (207) 680-7300 or visit centralmaine.org.
Last modified: November 5, 2025
