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CORPORATE SPOTLIGHT

BOZZUTO SUPPORTS BALTIMORE'S 9/11 MEMORIAL DEDICATION
Through a $5,000 donation, The Bozzuto Group supported the installation and dedication of a 9/11 memorial (using pieces from the New York World Trade Center) at Baltimore’s World Trade Center. The memorial was officially dedicated on September 11th, 2011, ten years to the day after the terrorist attacks.
Maryland’s 9/11 memorial sits in the outdoor plaza of Baltimore’s World Trade Center, overlooking the Inner Harbor. Three steel beams from the north tower of New York’s World Trade Center — 2 1/2 tons fused together, twisted and jagged — sit atop a marble platform, on which are inscribed the names of the 68 Marylanders who died in the attacks. Organizers believe the beams formed part of the 94th through 96th floors.

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CHARGING AHEAD: WILL CAR CHARGING STATIONS ENCOURAGE MORE WIDESPREAD ELECTRIC VEHICLE USE?

By Thomas Lee
Sustainability Manager

Earlier this year, Bozzuto unveiled Baltimore’s first public electric car charging stations at The Fitzgerald and Spinnaker Bay. The benefits of electric cars have long been known: they have the potential to reduce our reliance on foreign oil supplies, improve urban air quality, decrease our impact on the environment if the electricity comes from a clean source, and lower energy costs if that energy source is renewable.

However many obstacles still prevent people from purchase electric cars. Chief among them is the lack of charging stations. While homeowners can easily install a charging system in their own homes, apartment residents face a more difficult challenge. They would need permission from the property manager, someone would then need to purchase, install and maintain the charging unit; the parking spot next to the charger would need to be reserved, and then the property manager would need to figure out how to charge different users for the electricity they consume. Because of the many complications that could arise, the safest course of action has been to do nothing.

In this difficult market, a new company has emerged to provide a solution. Car Charging Group, Inc. (CCGI) of Miami Beach, Florida provides, installs and maintains electric car charging stations at no cost to building owners. All that is required from is a dedicated parking spot, access to electricity, and an agreement to allow CCGI to operate exclusively at the property for a period of time. CCGI gets rebates to help offset their initial costs, and they cover their expenses from electric car owners who use their service. In this way, CCGI hopes to capture a share of the growing electric car charging market, and provide a profitable return to their investors and shareholders.

Currently, Bozzuto Management is exploring this specific approach as an easier and faster way to get electric car charging stations installed in properties throughout our portfolio. By providing more opportunities for our residents to live more sustainably, Bozzuto is helping our properties go green!

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RECYCLING LOGO CONTEST

The results of the Bozzuto Recycling Logo Contest are in! The winner is Caroline Capo, Stephanie Capo’s 10-year old daughter. Caroline is a fourth grader at Lansdowne Elementary School in Baltimore County. Her interests are ice skating, dancing, and animals.
An interpretation of Caroline’s drawing will be used on Bozzuto Green items moving forward. Congratulations Caroline!

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JOHN SLIDELL NAMED CHAIRMAN OF ULI WASHINGTON DISTRICT COUNCIL


Bozzuto Founding Partner and Vice Chairman John Slidell has been named Chair of the ULI Washington District Council, succeeding Bob Pinkard, Chairman of Cassidy
& Pinkard Colliers. During his two-year term, John will be responsible for filling positions on the District Council Committees and will oversee the launch of the ULI Washington Regional Land Use Leadership Institute, among other duties. Congratulations, John!

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WELCOME BMC’S NEWEST PROPERTIES

NEW PROPERTIES


McHenry Row
250 unit mixed-use, mid-rise community in Baltimore, MD with an onsite Harris Teeter. Leasing started in August; first units deliver in October.

Arbors at Baltimore Crossroads
365 unit mid-rise community in Baltimore, MD. Leasing started in August; first units deliver in November. On track to receive LEED Silver certification.

Halstead Square
242 unit mid-rise, mixed-use community in Vienna, VA at the Dunn Loring metro station. Leasing started in August; first units deliver in October.

Rhode Island Row
274 unit mid-rise, mixed-use community at the Rhode Island Metro station in Washington, DC. Leasing began in September; first units deliver in October.

vPoint
114 unit mid-rise community in Arlington, VA at the Clarendon metro station. Leasing begins and first units deliver in November. On track to receive LEED Gold certification.

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BMC NAMES NEW VICE PRESIDENT OF MARKETING

Sheryl McKibben has joined Bozzuto Management Company as vice president of marketing.
McKibben brings more than 20 years of marketing and management experience in the real estate industry and will be responsible for the leading the marketing efforts for Bozzuto Management Company. McKibben was previously the principal of her own firm, Sheryl McKibben Associates, and prior to that served as vice president of marketing for BRE Properties, Inc., a publicly-held, multifamily REIT. She has also held senior level marketing positions at Essex Property Trust, Woodmont Real Estate Services, and Prometheus Real Estate Group, Inc., all California-based real estate companies.

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HOMES SPOTLIGHT



THE CHESAPEAKE FUND HELPS TOWSON GREEN MINIMIZE IMPACTS TO WATER QUALITY


Over the past year, Bozzuto Homes has worked with a group called The Chesapeake Fund to help minimize the environment impact of the company’s newest townhome community, Towson Green. The Chesapeake Fund is a non-profit organization that works to reduce the amount of the Chesapeake Bay’s two biggest pollutants – nitrogen and phosphorous – flowing into local streams and waterways.
By evaluating the Towson Green’s nitrogen output and stormwater management plan, and by tweaking project designs, the Bozzuto Homes/Chesapeake Fund team was able to reduce the development’s planned nitrogen footprint by a drastic 25 percent. The development’s 120 townhomes nitrogen load will now equal just 290.73 pounds of nitrogen per year – 92.09 pounds less than what would be expected were there no energy-saving features incorporated.
For more information about The Chesapeake Fund, visit www.chesapeakefund.org.

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EMPLOYEE SPOTLIGHT

KEITH FITCH
Maintenance Superintendent
(pictured with granddaughter, Mia)

What is your most important responsibility in your current position?
Assisting Maintenance Supervisors and staff in resolving emergency situations.


How did you become interested in the industry?
As a child I loved to take things apart to see how they worked and sometimes I was even successful in putting them back together – I drove my mother and my sister crazy. As an adult I went in to the Air Force and worked as a Crew Chief and then later worked in Louisiana in the oil and chemical refinery industry. When there was a decline in the job opportunities in that industry I had to explore other avenues to be able to support my family. The only trade or skills I had to fall back on was my natural interest and curiosity in taking things apart and fixing things so it seemed a natural progression. I initially started doing property maintenance as an independent contractor to kind of get my feet wet and to see if it was something I could earn a living doing. Soon after the owner of the properties I worked on offered me a full time maintenance position with his Property Management Company and I have been doing building maintenance in some form or other for well over 20 years.

What do you like most about working at Bozzuto?
The opportunity to work at a variety of properties and meeting and working with all of the different maintenance staff.

What do you like to do in your off hours? Any hobbies?
Spoiling my grandchildren by building them go-karts and castles. Working on mini bikes for my sons and I to ride and race next summer. Various carpentry projects – with my latest project being an outdoor Cajun kitchen.

What’s one thing your colleagues would be surprised to learn about you?
My family and I like to go ghost hunting!

What music are you currently listening to?
Old time country music (Hank Williams, Merle Haggard, Conway Twitty), Blue Grass and old time Rock n Roll and of course New Orleans Blues.

What do you enjoy reading: favorite magazine/book?
Any kind of woodworking, mechanical, remodeling project how to books.

What professional achievement are you most proud of?
I was honored with the Maintenance Supervisor of the Year Award and my maintenance staff and I received the Maintenance Team of the Year Award.

What personal achievement are you most proud of?
I have been married to my wife for 27 years, and we have 3 great kids and 3 wonderful spoiled grandkids.

If you could go anywhere on your next vacation, where would you go?
On a tropical island somewhere with a little beach hut and hammock – with no phone, no computer, no TV and do absolutely nothing!

What advice do you have for new Bozzuto employees regarding being successful?
Learn, understand and follow Bozzuto’s core values in the performance of your job and most of all have fun with what you do every day!

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DEVELOPMENT PROJECT UPDATES

 

 

UNION WHARF

Union Wharf is now 100% fully entitled, meaning that the preliminary permitting work has been completed and that the plans have been approved by the City of Baltimore.
  • 280 Apartment Units
  • Baltimore MD
  • Mid-Rise

WIEHLE AVENUE

Wiehle Avenue requires rezoning so Bozzuto Development is working closely with the county on the entitlement process. The rezoning application will probably take 12 months before approval is given to build multifamily. The project is adjacent to the future Wiehle Avenue Metro station.

 

ATC II


Plans for “ATC II” – Bozzuto’s second development within Annapolis Towne Centre – are rolling along; construction is scheduled to begin in early 2012. The community will be comprised of 215 units and will complement Mariner Bay very nicely.

  • 215 Apartments
  • Annapolis MD
  • High-Rise
     

THE ESPLANADE (NATIONAL HARBOR)


Construction on The Esplanade will begin early 2012. When naming the building, the team was inspired by water-themes. An Esplanade is large, open level area next to a body of water where people walk and gather, and esplanades became popular in Victorian times when it was fashionable to visit seaside resorts. The National Harbor essentially is a seaside resort, which makes The Esplanade a natural extension of the area. Not to mention, the word evokes a sophisticated feel!.

 

THE ARCADIAN AT WAUGH CHAPEL


Work on the Waugh Chapel South retail center has begun. Target is under roof and will be open this Spring for The Arcadian is nearing completion.

 

VPOINT

vPoint is scheduled to be completed by the end of November. The education building renovation is ahead of schedule and will be turned over to the Owner at the end of August. The process for naming the community building was relatively simple: the creative team was inspired by the architecture of the building. The name was created from the way that the shape of the building created a “V” point at the junction of two streets. Once the name was realized, the play on vPoint came to fruition: “V” is for “vantage” or “view” or “vista.” In the dictionary, it’s “a position that is likely to provide superiority or an advantage” – which is what residents will get from living there. The hip, contemporary style of the name gives vPoint a distinctly boutique feel.

 

CROWN FARM

Bozzuto Development Company and JBG Rosenfeld Retail have partnered to develop and build Crown Farm, a 537-unit luxury apartment building on approximately 180 acres in the City of Gaithersburg, Maryland near Interstate 270 and along the proposed Corridor City Transitway Alignment. Scheduled to commence construction in April 2012, this community will be the critical “downtown” link between the other retail and residential neighborhoods of Crown Farm.

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CONSTRUCTION PROJECT UPDATES

MATTHEWS MEMORIAL TERRACE

Finishes recently started Matthew’s Memorial Terrace, Bozzuto’s first 3A wood framed construction project. With drywall, paint, site utilities and building skin all in full swing, Engineer Scott Holton, has been a welcome addition to the team. The project is currently tracking a completion date in late 2011.

 

GARFIELD PARK

The podium level concrete placement continues and it is anticipated that all concrete work will be done by the beginning of September. The final building permit was received on July 26, which allows the building to go vertical. Framing above the podium level started on August 8, and CMU work for the Elevator and Stair towers continues. Storefront work will begin in September. Construction Camera Link: http://oxblue.com/pro/open/bozzuto/garfieldpark.

 

OLNEY ASSISTED LIVING

Olney Assisted Living is Bozzuto’s first assisted living project, and will contain 94 beds on three floors. Grading and retaining wall construction is underway, and foundation work began in early September. The building structure will consist of metal stud wall panels, and composite metal bar joist decks.

 

RHODE ISLAND ROW

Led by the efforts of Brady Davidow and Henry Jackson, the Rhode Island team has received a Certificate of Occupancy for the WMATA Garage. This marks a major milestone for the project. The team is making great progress on the building with the turnover of Building #1D scheduled for October 2011. The framing of Building #1C is nearly complete and the framing of #1B has begun. Garage #1 has also been completed. Building #2A, which runs along Rhode Island Avenue, is framed, with finishes beginning in this area. The roofing and siding has been complete for this section of the building. Work on the foundations for Building #2 Garage is underway, with Miller & Long setting up their tower crane. Work at Building #2B is ongoing with rough-ins, framing and the pouring of the last portion of the elevated deck. CVS will be leasing this space, so the team is working hard to complete this area by the end of October so that CVS can begin their fit out.

 

 

VPOINT

Our first phase turnover of the Educational Building is set to deliver the end of August. We have completed the masonry façade and have begun our wash down efforts. All Fraco lifts and the tower crane will be removed from the site by Sept 11. We should also be receiving our elevator inspection around that time which will allow us to remove the temporary exterior hoist. We will then begin the site and courtyard work in an effort to have this complete by the end of October. We are installing cabinets on the 3rd floor and have drywall finished through 7th. We are maintaining a fast and frantic pace with the goal of turning over the residential portion of the building prior to Thanksgiving.

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