Cruz Development Corporation hires McCoy as real estate project manager

Armond McCoy, Cruz Development Corporation

Boston, MA Cruz Development Corporation, an affiliate of John B. Cruz Construction, one of the largest and oldest minority-owned companies in Boston, has hired Armond McCoy as real estate project manager to further grow and enhance Cruz’s residential, commercial and mixed use project portfolio.

“We are excited to welcome Armond to the team,” said John Cruz, president and CEO of John B. Cruz Construction. “When it comes to investing in the community, our motto is ‘Cruz Cares’, and Armond certainly shares our commitment to increasing affordable housing and economic opportunities, thus improving the quality of life for all residents.”

 McCoy brings a wealth of experience, having spent more than 25 years in the real estate and financial services industries. McCoy previously worked as a consultant for Cruz Corp. and has also worked for State Street Corp., Massachusetts Housing Investment Corp., and Bank Boston. Throughout his career, he has been responsible for the financing and development of more than 5,600 units of housing and commercial real estate.

“I am excited to start this new chapter with Cruz Development, and look forward to working with the team to build on their generations of success in the construction and real estate development industry,” said McCoy.

 McCoy, a resident of Beverly with his wife Susan, was a founding member of the Beverly Affordable Housing Coalition. A lover of music, McCoy also co-owns Beverly-based Norton Guitars, which constructs and sells high-end, custom electric guitars and basses utilizing a patented metal frame system. McCoy holds an MBA from Northeastern University and a BA in Government from Boston University.

Founded by John Bertie Cruz, Jr. in 1948 and maintaining continuous operation, John B. Cruz Construction is one of the oldest, minority-owned companies in Boston. The firm specializes in general construction, housing development and residential management, providing services throughout the northeast region of the United States. Cruz offers construction management services, commercial and residential construction. Cruz has built several landmark projects in the Boston area including: Council Towers, The Fortress Building, Star Market Osco Drugstore Shopping Plaza, a Digital equipment plant, Morning Star Baptist Church, *Boston Police Department Headquarters, and the *Reggie Lewis Track and Athletic Center. Cruz is currently building out The Residences at Harvard Commons, a 54-unit, market-rate, single-family home subdivision in Dorchester, at a total build-out cost of more than $20 million. (*Joint-ventures with Suffolk Construction.)