Velney Development
30 Woodbine St Somerville, MA 2–10 employees 1 principals
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About Velney Development
Velney Development is a real estate operator headquartered in 30 Woodbine St Somerville, MA.
Velney Development, LLC is a real estate development and construction firm based in Somerville, Massachusetts. The company was founded in 2021 by Josu’e Velney and operates as a veteran-owned, minority-owned enterprise. The firm specializes in multifamily, mixed-use, and ground-up development projects, as well as value-add acquisitions of distressed properties, commercial, warehouse, retail, bank REOs, and raw land. It handles projects ranging from 1 unit to 230 units with project budgets between roughly $1 million and $120 million. Velney also integrates construction via its affiliate Velney Construction, allowing control over subcontracting, quality, safety, and cost. Its geographic focus is the greater Boston area, including neighborhoods like Roxbury, Dorchester, Mattapan, and Somerville itself.
Principals at Velney Development
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