Baltimore Business Journal: Bozzuto - Locust Point Apartment Complex Will be 'Off the Charts'
February 15, 2013
Do not expect a replica of the Bozzuto Group’s Fitzgerald or Union Wharf apartments to be built at the former General Electric Co. site in Locust Point.
For this project, the Bozzuto Group is “ripping up all the old plans,” said Toby Bozzuto, president of the Greenbelt-based development firm. “We always want to be redefining what the best is. We always want to be pushing.”
Bozzuto will partner with Solstice Partners LLC to develop more than 200 apartments and 16,000 square feet of retail at the 2.7-acre site at 900 E. Fort Ave.
Plans for the eight-story project are expected to be completed by the summer with construction set to start in the beginning of 2014.
The Bozzuto Group is known for developing high-end apartment complexes in Baltimore, such as Spinnaker Bay in Harbor East, The Fitzgerald in Mount Vernon and the Union Wharf project under construction in Fells Point.
Although Bozzuto lives in Baltimore, he said his firm is selective when it comes to picking new projects in the city.
“We look for very special opportunities to do projects in Baltimore city in particular, and we only try to do them when we find things that are of particular interest to us,” Bozzuto said.
Bozzuto’s vision for the new Locust Point apartment complex is still in its infancy, he said. Bozzuto Group on Wednesday announced its partnership with Locust Point-based Solstice Partners, which recently moved from Columbia to Baltimore City.
The development team only recently met with the Locust Point community, which Bozzuto said will be important in development of the project.
“A developer who is arrogant will go into a community and try to change everything,” Bozzuto said. “A developer who gets it will say, ‘What do you want?”
Bozzuto said he looks to build apartments for “young, talented workers” who want to live near Downtown Baltimore.
“All I can do is say you can live in [Washington] D.C., or you can live in this absolutely off-the-charts apartment building I’m trying to create [in Baltimore],” Bozzuto said. “I still believe there is a large desire for young workers and different socioeconomic groups to live downtown.”