Development
Retail
Units Entitled
Entitled
Communities
Remembering our roots while starting new ones.
Devcon's roots are in the development, construction, and management of several hundred units of HUD-subsidized Section 8 housing, alongside the development and acquisition of over two million square feet of office, retail, and grocery-anchored shopping centers throughout New England and Florida.
Over recent years the firm has acquired, permitted, and sold thousands of acres of Florida land — securing entitlements for six master-planned communities comprising more than 2,500 acres, 5,000 residential units, and over 1,000,000 square feet of commercial space.
About the firm →A diversified platform
From ground-up construction to entitlement and capital structuring, Devcon operates across the full real-estate lifecycle.
Multi-Family
Market-rate and HUD-subsidized residential developed, built, and managed across two regions.
Pioneering Developments
Category-defining communities — from Private Quarters Club, the country's first fractional-ownership golf residences, to Koa Bay, anchored by a manmade surfing lagoon.
Retail
Grocery-anchored shopping centers and mixed-use retail in high-demand trade areas.
Master-Planned Communities
Large-scale entitlement and development — from equestrian compounds to mixed-use destinations.
Renewable Energy
Solar generation and storage across retail, residential, office, and industrial assets.
Development Financing
Debt and equity structuring for acquisition, construction, bridge, and refinancing needs.
Koa Bay
A proposed large mixed-use community anchored by a proposed Wavegarden© powered surf park — engineering a variety of surfable wave sizes and types. It is the first of a series Devcon, through its subsidiary, Waterbourne, is rolling out in select markets across the US.
Visit koabay.surf ↗
A name synonymous with integrity, quality, and innovation.
Founded in 1976, Devcon Enterprises has prospered through three generations of leadership. A quarter-century ago, the next generation established a tagline that still defines the firm — A Name You Can Build On.
Let's build something enduring.
Get in TouchContinuing a legacy through leadership.
Three generations of disciplined development.
Founded in 1976, Devcon Enterprises prospered through three generations of leadership. Today, Devcon's leadership continues the mission set by the founders of the company — meeting the needs and demands of the markets it serves while delivering outsized returns for its investors.
When the next generation transitioned into executive management twenty-five years ago, they established the tagline that still endures: A Name You Can Build On. Devcon remains a visionary company synonymous with integrity, quality, and innovation.
Integrity
A reputation built across five decades and three generations of consistent execution.
Quality
Developing and constructing high-quality properties that endure and appreciate.
Innovation
First in the country to introduce fractional-ownership residences at private golf communities.
The team behind the platform.
Scott LaBonte
Scott LaBonte has guided Devcon's operations for more than three decades, directing the development, construction, and acquisition of over two million square feet of office and retail across New England and Florida. He oversees leasing, property and asset management, financing, and disposition throughout the firm's portfolio. Today he brings that full-lifecycle operating experience to Devcon's advisory engagements, helping owners and investors execute development and capital strategy with institutional discipline. He is also a partner and advisory board member at AmpedUp! Networks, an EV-charging infrastructure platform — deepening his perspective on the energy systems increasingly central to Devcon's developments.
Chad LaBonte
Chad LaBonte brings more than thirty years across the full real-estate spectrum — land development, acquisition and disposition, leasing, property management, and the debt and equity financing that underwrites every asset class. He led the entitlement of Devcon's 203.6-acre South Florida property, securing approvals for a mixed-use community of residential, commercial, hotel, and a surf lagoon, then repositioned the same site for a multi-megawatt data-center campus, initiating the rezoning and power-allocation work now advancing it toward hyperscale buyers. Through earlier roles arranging mortgage and equity financing at EagleBridge Capital, he anchors Devcon's development and capital-markets advisory practice.
Jason Pouncy
Jason Pouncy brings more than twenty years of applied strategy and execution, generating value through M&A, distress, repositioning, and private-equity portfolio management. He spent years in the Turnaround Group at American Capital — a publicly traded private equity firm with $100B+ in assets under management — building and funding plans to drive enterprise value in challenging conditions, and earlier advised on carve-outs, war-gaming, and post-merger integration at Monitor Group for clients spanning energy (Ensco-Noble), biopharma (Roche-Genentech), and multinationals (Franz Haniel & Cie.). He began his career in UBS Warburg's Healthcare Investment Banking group in Manhattan. At Devcon he leads business development and strategy across the advisory platform, with a particular focus on Waterbourne and Devcon Digital. He is an avid surfer, backcountry athlete, and a Winter Wildlands Alliance board member.
Josh Caley
Josh Caley brings more than twenty years of business management and finance to the commercial and utility-scale solar development industry, and over the past decade has advanced projects from feasibility through execution. His project evaluation and financial analysis work spans financial modeling, assessment of state renewable-energy incentive programs, and evaluation of technical site feasibility and preliminary system design. He advises landowners and commercial property owners on option agreements and land leases while cultivating project opportunities, and coordinates the stakeholder web — financiers, utilities, municipalities, permitting agencies, and regional siting councils — that carries projects through development. Working alongside business partners, he collaborates on complex, integrated energy installations that combine solar, battery storage systems (BESS), and combined heat and power (CHP) generation.
Devcon Enterprises founded; roots in HUD Section 8 housing.
SF of office, retail & grocery-anchored centers developed and acquired.
First in the U.S. to bring fractional ownership to private golf communities.
Master-planned, mixed-use communities anchored by destination amenities.
A vertically integrated real-estate platform.
Residential at scale
Several hundred units of HUD-subsidized Section 8 housing developed, constructed, and managed — alongside market-rate residential across New England and Florida.
Commercial that performs
Over two million square feet of office and grocery-anchored retail developed and acquired in high-demand trade areas throughout New England and Florida.
Entitlement & placemaking
Entitlements secured for six master-planned communities — including a ten-lot equestrian compound and five others totaling 2,500+ acres, 5,000 residential units, and over 1,000,000 SF of commercial space.
Value beyond the building
Renewable generation and storage across retail, residential, office, and industrial assets — extended through Devcon Digital, which converts stranded power and underutilized real estate into next-generation data-center and edge-compute infrastructure.
A portfolio across two regions.
Koa Bay
Mixed-Use Community · Florida
A fully entitled master-planned lifestyle community anchored by a Wavegarden powered surf resort, engineered to produce a variety of surfable wave sizes and types. The first of a series Devcon, through its subsidiary, Waterbourne, is rolling out across select markets in the US.
Visit koabay.surf ↗
Multi-Family
Residential communities
View all 8 →
Office
Commercial buildings
View all 5 →
Retail
Grocery-anchored centers
View all 14 →
Master-Planned
Communities & land
View all 6 →Multi-Family — Past Projects
- Danbury TowersDanbury, CT81 units · Elderly Housing
- Avery HeightsGroton, CT105 units · Elderly Housing
- Burritt HouseNew Britain, CT65 units & 4,200 s/f · Retail & Elderly Housing
- Poquonnock VillageGroton, CT113 units · Elderly & Family Housing
- Cornfield ApartmentsEllington, CT216 units · Family Housing
- Willow ArmsEast Hartford, CT96 units · Elderly Housing
- Franklin Square ManorNew Britain, CT56 units · Elderly Housing
- Stratfield ApartmentsBridgeport, CT192 units & 30,725 s/f · Retail & Elderly Housing
Office — Past Projects
- 609 Farmington AveHartford, CT14,000 s/f · Office
- Capital BuildingHartford, CT100,000 s/f · Office / Retail
- 65 Kane StreetWest Hartford, CT36,000 s/f · Office
- Silver Hill Business CenterMeriden, CT417,500 s/f · Office / Industrial
- Cakemaker / Celebration FoodsNew Britain, CT138,105 s/f · Warehouse / Distribution
Retail — Past Projects
- West End PlazaHartford, CT21,000 s/f
- Corwest PlazaNew Britain, CT32,000 s/f
- PEP BoysMeriden, CT19,674 s/f
- Wal*Mart PlazaNorwich, CT174,377 s/f
- Torrington FairTorrington, CT203,203 s/f
- Marketplace at Port St. LuciePort St. Lucie, FL155,559 s/f
- Westfield ShopsWestfield, MA190,436 s/f
- Freshwater CommonsEnfield, CT158,953 s/f
- Big Y PlazaManchester, CT105,330 s/f
- Bonita Grande CrossingBonita Springs, FL90,676 s/f
- Shaw’s Plaza of GilfordGilford, NH88,887 s/f
- Berdon PlazaFairhaven, MA114,449 s/f
- Landmark SquareMiddletown, CT29,947 s/f
- Rite Aid PharmacyEast Haven & North Haven, CT · Smithfield & Cranston, RI14,672 s/f each
Master-Planned — Past Projects
- North PointePort St. Lucie, FL2,000 acres · Development of Regional Impact approval for 4,000 housing units and 400,000 s/f of commercial use
- Savanna LakesFort Pierce, FL125 acres · Entitlements for 875 multi-family units
- GlenspurWellington, FL85 acres · Entitlements for a 10-lot equestrian estates community
- Hamilton GreensNaples, FL30 acres · Entitlements for 87 units in a gated community
- Old Hammock CovePalm Coast, FL30 acres · Entitlements for 136 units in a waterfront community
- Private Quarters ClubAmelia National & Geneva National20 and 40 townhome units
Our expertise, now at your service.
Four decades of developing, building, and financing our own projects now extend to third parties. Devcon advises owners, investors, and municipalities across the full development and capital lifecycle.
Advisory Services
Third-Party Development Advisory
End-to-end development management for outside owners and investors — site selection, entitlement, design coordination, construction oversight, and asset management, drawn from our own balance-sheet experience.
Capital Markets Advisory
Structuring debt and equity for development, acquisition, construction, bridge, and refinancing — connecting sponsors with the right capital partners and the right structure.
Aquatic-Anchored Community Development
Master-planned communities anchored by experiential water amenities — surf lagoons and beyond — developed through our subsidiary, Waterbourne.
Waterbourne
Devcon's specialized platform for regenerative lifestyle communities anchored by experiential water amenities. Waterbourne unites adventure, wellness, and master-planned real estate — the expertise behind aquatic-anchored destinations such as Koa Bay.
Visit bywaterbourne.com ↗
Devcon Digital
Devcon's AI-infrastructure platform — unlocking stranded power and underutilized real estate to deliver next-generation computing, from gigawatt-scale hyperscale campuses to distributed urban micro-hubs.
Explore Devcon Digital →Private Quarters Club
Devcon Subsidiary
The first in the country to introduce fractional-ownership residences at private golf communities.
Exploring a development, capital, or aquatic-amenity opportunity? Let's talk.
Start a ConversationThe 2026 power & space wall.
AI compute demand is expanding exponentially while the physical grid is capped. The winners of the AI era will not only be software companies — they will be the infrastructure platforms that unlock stranded power and underutilized real estate.
The AI Capacity Crunch
Compute requirements are growing exponentially, but the physical electrical grid is fixed.
The Grid Queue
Hyperscalers face 4-to-7-year waits for 100MW+ utility interconnections in Tier-1 markets.
The Urban Latency Bottleneck
Enterprise AI needs localized, low-latency processing, but metro markets lack the land and power for new builds.
Two verticals. One integrated value chain.
Giga-Hub Development
Securing and entitling power-adjacent land to deliver fast-tracked, gigawatt-scale data-center sites to hyperscalers. Anchored by Project Neptune in South Florida.
Urban Micro-Hubs
Repurposing underutilized Class B & C commercial office real estate into decentralized, low-latency edge data centers — inside the metros where new land development is impossible.
Engineered from the silicon up.
AF Compute builds the world's first purpose-built, FPGA-based dedicated computing platform — its all-in-one F-1 Eco-Server engineered for the cost, space, and power limits of hyperscaling.
per kW
Space
per kW
vs. industry-standard GPU servers
Most real estate groups lack hardware expertise; most hardware vendors don't understand zoning or power grids. Devcon Digital bridges that gap through a strategic partnership with AF Compute.
Custom Liquid-Racks
Ultra-high-density rack solutions engineered to interface with Neptune's large-scale liquid-cooling reservoir.
Spatial Optimization
High-efficiency, space-constrained server stacks built for the weight, thermal, and spatial limits of legacy office footprints.
Project Neptune
A 203.6-acre South Florida campus with a generational infrastructure advantage — direct adjacency to 500kV nuclear-tied transmission, fully expandable to 1.0 GW+ of dedicated computing capacity.
Nuclear-tied transmission adjacency on the I-95 corridor.
On-site reservoir for closed-loop liquid cooling, bypassing municipal water constraints.
Expandable dedicated computing capacity at full build-out.
Site Control
FPL Utility Review
Municipal Outreach
Rezoning & 1GW Impact Study
The urbanization of compute.
As metropolitan office vacancy sits near 20%, Devcon retrofits stranded Class B & C footprints — already wired with localized power and dark fiber — into high-margin distributed edge hubs, dropping time-to-market for urban AI inference from years to months.
Vacancy
Addressable
vs. Years
Inference
Building the infrastructure behind next-generation computing.
The AI era cannot expand without physical power and real estate. Secure your infrastructure position before the grid fills.
Request Data Room AccessA name you can build on.
Get in touch
For investment, development, or partnership inquiries, reach the Devcon Enterprises team directly.
Contact Form
"*" indicates required fields