Waterville developer honored for housing efforts

PROVIDED PHOTO From left, Don Plourde, board chair for Central Maine Growth Council, with Matthew Boulerice and Garvan D. Donegan, CMGC president and CEO.

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By Tina Fischer

Central Maine Growth Council has named Matthew Boulerice its 2025 "Developer of the Year," in recognition of his decade-long commitment to rehabbing neglected properties in Waterville and beyond.

The founder of Boulerice Management and New England Realty Group has led more than 125 redevelopment projects across Maine, creating modern, energy-efficient housing options. His work has supported workforce housing needs and encouraged further private investment.

A recent project at 80-88 Elm St. in Waterville transformed a high-vacancy, code-deficient property into a mixed-use building featuring 22 residential units and new commercial leases.

Supported through tax increment financing and a credit enhancement agreement with the city of Waterville, the redevelopment exemplifies how targeted public-private partnerships can catalyze sustainable urban revitalization and expand access to affordable housing.

“Matthew’s projects embody the kind of market-smart, community-centered investment driving Waterville’s economic renaissance,” said Garvan Donegan, president and CEO of Central Maine Growth Council. “His ability to convert underutilized assets into productive, sustainable spaces reflects both sound economic vision and a deep commitment to long-term regional vitality.”

“Waterville and the surrounding region have incredible energy and potential,” said Boulerice. “Our mission has always been to create spaces that inspire pride and progress — whether through restoring historic buildings or developing new housing. Being recognized by the council is an incredible honor and a reflection of the teamwork and community spirit that drive this region forward.”

Central Maine Growth Council is a public-private collaborative regional economic development partnership funded by municipalities and businesses.