162: Thomas O'Brien, Managing Partner and CEO at HYM Investment Group
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About this listen
Thomas O'Brien is the Managing Partner and Chief Executive Officer of The HYM Investment Group, LLC. HYM is currently leading the development of over twenty (20) million square feet of mixed-use development in Greater Boston, including the following notable and complex projects: Bulfinch Crossing (the redevelopment of the Government Center Garage), Suffolk Downs, and Parcel 3 in Roxbury. Prior to HYM, O'Brien served as a Managing Partner for JPI, a national developer and owner of multifamily communities, and as a Managing Director in Boston and New York for Tishman Speyer, one of the world’s leading real estate firms.
O'Brien also led the Boston Redevelopment Authority as its Director and Chief of Staff, overseeing the development of over 12 million square feet of projects in Boston, from 1993 to 2000. O'Brien has served as Chairman of The Greater Boston Real Estate Board and is Vice Chair of the Board of Overseers of The Anti-Defamation League of New England, which awarded O’Brien its Abraham Joshua Heschel Interfaith Relations Award in 2016.
In 2011, Governor Deval Patrick appointed O’Brien to the Board of the Massachusetts Housing Finance Agency. In 2016, Mayor Martin J. Walsh appointed O’Brien to the Board of Trustees of the Rose F. Kennedy Greenway Conservancy and in 2024 Governor Maura Healey appointed him to the Board of The Rose Kennedy Greenway Conservancy.
He also serves as a Board Member of the Pine Street Inn, Project 351 and the American Repertory Theater at Harvard University. O’Brien is a graduate of Brown University and Suffolk University Law School and is a member of the Massachusetts Bar.
Throughout the discussion, themes of resilience, strategic vision, and community impact are highlighted. O'Brien elaborates on his firm's focus on developing high-impact projects situated near transportation hubs, transforming urban landscapes while catering to market demands. Navigating economic fluctuations, seeking opportunities in undervalued sectors like office spaces, and maintaining transparency with partners are key strategies shared by O'Brien in realizing ambitious real estate objectives.
Key Takeaways:
- Vision and Strategy: O'Brien emphasizes the importance of a long-term, community-focused vision when selecting projects, considering both investor interests and regional development goals.
- Navigating Challenges: Highlighted are strategies to overcome economic hurdles, such as rising interest rates and building costs, while keeping projects on track.
- Teamwork and Values: O'Brien stresses building a strong team grounded in integrity and shared values, crucial for navigating the complexities of large development projects.
- Resilience in Business: Through his personal and professional journey, O'Brien underscores the ne
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