2026 Ones to Watch - Rising Stars: Jake Michaud, M&R Development

“Jake is the definition of a team player. Whether he’s leading a meeting with national retailers and negotiating complex lease terms, to running heavy equipment, Jake is comfortable with all aspects of the development business. His deep construction knowledge combined with a sharp business acumen, makes him a key player in the future success of this company. Everyone is proud to have Jake on their team - he’s got the dedication needed to successfully see a job through from start to finish.”

What inspired you to pursue a career in your industry, and what path brought you to your current role? Working as a superintendent on major projects for Gilbane and Landry French, I thrived on the balancing act of earning respect from the field crew and gaining the trust of senior leadership. I learned early on that honesty and integrity translate across any role or industry. Success comes down to doing what you say you’re going to do. From initial conversations, to negotiating an LOI, and announcing a deal, it is a months-long, even years-long process – relationship-building is the most important skill for success.

What accomplishment or project so far in your career are you most proud of? We are making history in Scarborough by building Maine’s first ground-up, new construction Town Center. It’s both an honor and a challenge to create something so defining within a well-established, 250-year-old community. I’m especially proud to have been involved from the earliest stages, from supporting site work for Maine’s first Costco to helping bring Allagash Brewery’s second location to Scarborough. And with dozens of deals in various stages of negotiation, things are going to get exciting.

Who has been a mentor or influential figure in your career, and what is the most valuable advice they have shared with you? My grandfather started a distribution business out of his garage in the 1980s, and it grew into a strong example of what hard work, dedication, and commitment look like. My father reinforced that mindset with one key principle: you don’t walk into a role in a family business, you earn it. He pushed us to build our own relationships and gain the confidence that leads to sound business judgment. Today, as part of the second generation at M&R Development, I’m proud to have earned the opportunity to carry that work forward.