UNIVERSITY OF BALTIMORE SELECTS THE BOZZUTO GROUP,
GOULD PROPERTY COMPANY TEAM TO DEVELOP TRIO OF SITES

Developments Expected to Blend Residential, Retail, Office, and Parking Elements 

Greenbelt, MD…..The University of Baltimore has designated “Selected Developer” status to The Bozzuto Group and Gould Property Company, Inc. with Parking Management, Inc. (PMI) for the development of three key sites in Baltimore’s Mount Vernon District.

While plans for the trio of properties are still in the preliminary stages, the developments are expected to represent a vibrant mix of residential, retail, and office elements as well as needed parking resources that will enhance both the surrounding neighborhood and the academic community.

The selection is the result of a request for proposal issued by the University of Baltimore last October to local and national developers for a mixed-use development.

The sites include:

• A 4.23-acre parcel at Mt. Royal Avenue and Oliver Street known as the Bolton Yard Parking Lot;
• A 1.25-acre parcel at Mt. Royal Avenue and Charles Street across from the University’s Academic Center and within walking distance to Penn Station;
• A .3-acre parcel at Mt. Royal Avenue and Cathedral Street. 

“It’s been our goal since the beginning of this process to enhance the University of Baltimore’s economic base while also serving the needs of the community,” said University of Baltimore President Robert L. Bogomolny. “Any innovative development requires a strong partnership, and in the Bozzuto team we have found partners who share our goals and vision. We look forward to the next steps in the process and we have confidence that UB Midtown will be a key component of the city’s future.” 

“We are honored to be part of the team selected for this wonderful development opportunity,” said Toby Bozzuto, Vice President of Bozzuto Development Company. “And look forward to partnering with the University on the transformation of these parcels into true community assets.”

Headquartered in Greenbelt, Maryland, The Bozzuto Group is a full-service real estate company active in development, management, construction, homebuilding, and landscaping. The firm, its principals and subsidiaries have been recognized with numerous industry honors, including the national Pillars of the Industry Award for Multifamily Development Company of the Year (2003), Property Management Company of the Year (2000) and Multifamily Builder of the Year (1998). Regional honors include Builder of the Year (five times), Environmental Builder of the Year and Environmental Developer of the Year.

The University of Baltimore is an upper-division, graduate and professional university. UB—the state’s career-minded university—is a member of the University System of Maryland and comprises the School of Law, the Yale Gordon College of Liberal Arts and the Robert G. Merrick School of Business.