About the Project

 
The Downs is a new and exciting mixed-use development in Scarborough, Maine. The property surrounds the historic Scarborough Downs harness racing track with supportive residential and commercial elements, bringing newfound vitality and life to the well-loved landmark, and launching this corner of Scarborough forward into its next chapter. Phase I broke ground in October 2018.

About Our Team

 

The Downs management team consists of William Risbara, Marc Risbara, Rocco Risbara III, Peter Michaud, and Richard Michaud. Together, we bring a deep background of Southern Maine construction, development, and business to this project.

The Risbara family business, Risbara Bros., is a second-generation full service residential and commercial construction company which has been instrumental in several major Southern Maine real estate developments. The Michaud brothers’ business background provides us with a unique understanding of our commercial tenants and partners’ needs. Michaud Distributors, founded in 1980 by Richard Michaud Sr., was a regional distributor of snack foods to major grocery chains, employing 200 people when it was sold in 2013. The Risbaras and Michauds are founders and co-owners of multiple Scarborough-based companies including Maine Properties LLC and M & R Holdings.

We are all Scarborough residents, and are committed to creating a high-quality product and a true town center here in our community.

 
Rocco Risbara

Rocco (Roccy) Risbara III is a partner in the Downs Project, as well as Partner and President for Risbara Bros. Construction and Managing Partner for M&R Holdings, LLC and Maine Properties, LLC.

Roccy, along with his brothers, takes great pride in the accomplishments of their family business endeavors.  2019 marks the 51th Anniversary for Risbara Bros. Construction, and the 38th year of operation for Maine Properties, LLC.

With four decades of experience in residential and commercial construction, Roccy knows every aspect of the business. Often working “behind the scenes”, his vast project management experience includes residential homes, condominiums, apartments, and a substantial number of commercial properties including banks, credit unions and other businesses.

Roccy is passionate about the positive impact his long-standing successful family business has on his community, offering employment opportunities for Maine families and supporting ongoing growth and development.

A lifelong resident of Scarborough, Roccy married his high school sweetheart, Mary Jane, and they settled down together to raise four children; Maria, Rocco IV, John,  and Margaret.  They recently welcomed their first grandchild to the family, Henry, age 1.

 

Peter Michaud

Peter Michaud, a partner in the Downs Project, is also Managing Partner for Maine Properties, LLC and M&R Holdings, LLC.  He has a strong background and experience in real estate development, entrepreneurial expertise and strategic planning and acquisitions.

Peter grew up working in the family business and joined his father and brother in their startup distribution company just after college.  After learning the business from the ground up, Peter would go on to serve as Chief Executive Officer.  His entrepreneurial spirit and strategic management of development and acquisitions lead the company through exponential growth from a small startup into a multimillion dollar business.  The company’s merger with a major international entity brought Peter to a corporate leadership role as President, overseeing a multibillion dollar business with outstanding results.

A native of Southern Maine, Peter is actively involved in the development of his community.  His recent projects include the building and design of a large distribution center in Saco, two commercial buildings in the Scarborough Industrial Park, and, most recently, several apartment complexes in Westbrook and Scarborough.

Peter lives in Scarborough with his wife, Terry, where they raised their two children; Jake and Emily.  He is active as a Board member and in the fundraising efforts for several charitable organizations which serve his local community.  Peter holds a degree in Business Administration from Southern New Hampshire University.

Richard Michaud

Richard Michaud, Jr., a partner in the Downs Project, is also Partner for Maine Properties, LLC and M&R Holdings, LLC.  With a solid background in corporate operations and executive management, he recently retired from his role as Vice President, Sales Operations Strategies for a prominent international manufacturing and distribution company.

Richard’s career began at age 17, when he, along with his father and brother, started a single truck distribution company out of his family’s garage.  They would go on to grow that small startup company into a thriving operation with a network of distribution centers serving multiple states and employing 200 people.  When their company entered into a partnership with a larger corporate entity, Richard took on a leadership role to manage logistics, operations and development for 120 distribution centers in a multibillion dollar international operation with exceptional results.

A native of Southern Maine, Richard’s passion for his community has fueled his interest and involvement in local development projects, including the design and execution of a large distribution center in Saco, two commercial buildings in the Scarborough Industrial Park, and, most recently, several apartment complexes in Westbrook.

Richard resides in Scarborough with his partner, Susan, where he raised his three children; Chelsea, Kathryn, and Michael.  An avid outdoors-man, he enjoys fishing and hunting.  He is actively engaged in his community, serving on the Board for several nonprofit organizations.

 

William Risbara

William (Bill) Risbara, a partner in the Downs Project, is also Partner and Treasurer for Risbara Bros. Construction and Partner for Maine Properties, LLC and M&R Holdings, LLC.

With over 35 years of construction and development experience and expertise, Bill’s successful projects range from single family homes to large scale apartments and commercial projects.

Bill, along with his brothers, takes great pride in the accomplishments of their family business endeavors.  2018 marks the 50th Anniversary for Risbara Bros. Construction, and the 37th year of operation for Maine Properties, LLC.

A native of Southern Maine, Bill is committed to the positive growth of his community.  His recent projects include Blue Spruce Farms Apartments, Waterside Apartments, Island View Apartments, and Autumn Woods Apartments in Westbrook, as well as Carrier Woods Apartments and the Town and Country Federal Credit Union Headquarters in Scarborough.

Bill is a lifelong resident of Scarborough, where he lives with his wife, Lisa, and where they raised their children Ashley and Garrett.  He enjoys fishing and hunting, and spending time with his grandson, Crew, age 4.  Bill is a graduate of Cheverus High School.

 

Marc Risbara

Marc Risbara is a partner in the Downs Project, as well as Partner and Vice President for Risbara Bros. Construction and partner for M&R Holdings, LLC and Maine Properties, LLC.

 

Marc grew up working in the family business, having started running heavy equipment at a very early age, his interest has been more site work focused.  For the last 30 years he has headed up the earthwork and site development aspect of the business.  He is involved in the land purchases and also has an in-depth knowledge of underground utilities and infrastructures.  He has had hands on involvement with hundreds of successful builds, both residential and commercial.

 

Marc is a lifelong resident of Scarborough, where he also raised his three children; Marco, Marisa, and Serina. His love for the outdoors comes through in every aspect of his life. Marc, along with his partner Tina love to travel, hike, and snowmobile.

Latest News

 
Planning board approves new business park at Scarborough Downs

Planning board approves new business park at Scarborough Downs

Click here to view original web page at fox23maine.com
Read morePlanning board approves new business park at Scarborough Downs
Planning board approves new business park at Scarborough Downs

Planning board approves new business park at Scarborough Downs

The developers say 10 of the 54 lots are already reserved, and more than 40 potential buyers expressed interest in the remaining lots, in what’s dubbed “The [...]
Read morePlanning board approves new business park at Scarborough Downs
The Downs Phase II is underway

The Downs Phase II is underway

Construction of the residential zone at The Downs is well underway, with some residents moving into apartments on Friday, July 26. Other units will see occupancy [...]
Read moreThe Downs Phase II is underway