August 09, 2012
The weary apartment hunters of Washington, who have been plagued in recent years by rising rents, fewer vacancies, pickier landlords and periodic bidding wars, are about to get a welcome respite.
Thousands of new rental units under construction are scheduled to open in the coming months, the first such wave of new building in the area since the financial crisis hit in 2008.
The coming surge — a whopping 6,000 new units by the end of… Continue reading
July 23, 2012
JBG Rosenfeld Retail and The Bozzuto Group have acquired 20-acres of land here with plans to build a mixed-use development consisting of retail and multifamily units. The land traded for $28 million.
JBG Rosenfeld Retail plans to build 260,000 square feet of retail. The Bozzuto Group acquired the multifamily development rights with plans of building 538 apartments above the retail. The property is located in Crown—a new 182-acre master-planned community located… Continue reading
Commercial Property Executive: JBG, Bozzuto Partner on Land Purchase for Mixed-Use Suburban D.C. Project
July 19, 2012
With the closing of a recent land transaction, The Bozzuto Group and JBG Rosenfeld Retail have taken a big step forward in their plan for a mixed-use development at Crown, a 182-acre master-planned community just outside of Washington, D.C., in Gaithersburg, Md. The team shelled out a total of $28 million on the acquisition of 20 acres for their project, Downtown Crown, which will yield 538 apartments and 260,000 square feet… Continue reading
July 19, 2012
JBG Rosenfeld Retail and The Bozzuto Group have closed on Downtown Crown, 20 acres of land at the Crown property in Montgomery County, Md., for a combined cost of $28 million. JBG plans to build 260,000 square feet of retail, and Bozzuto will build 538 residential units above the retail space.
Together, the companies will build two mixed-use buildings, two retail buildings, two free-standing restaurants, a bank and a grocery store.
The… Continue reading
July 17, 2012
JBG Rosenfeld Retail and the Bozzuto Group have closed on a $28 million land acquisition in Gaithersburg for the development of Downtown Crown, a mixed-use project slated to include a Harris Teeter-anchored retail center and nearly 540 apartments.
The developers plan to start site work later this month on the 20-acre development, which will feature an LA Fitness LA Fitness Latest from The Business Journals JBG Rosenfeld, Bozzuto pay… Continue reading
July 09, 2012
Bozzuto development marketing trio of Burke Avenue models
Three model homes within Towson Green, the Bozzuto Group's new Towson housing development, are open to the public, showcasing what life could be like in the new town houses off Burke Avenue, east of York Road.
Many community members who were involved in early discussions about the $10.3 million project — and who had a hand in influencing Bozzuto's plans — have seen the models.
Ed Kilcullen, a vice… Continue reading
July 01, 2012
Homeownership may be the American dream, but living in rental housing is today’s reality. According to the National Multi Housing Council (NMHC), nearly one-third of American households rent, and more than 14 percent of households live in rental apartments. We spoke with NMHC Chairman Thomas S. Bozzuto about his priorities for the council during his two-year term as chair, as well as his perspective on overall multifamily-market conditions.… Continue reading
June 06, 2012
The Bozzuto Group is focusing on Baltimore and Washington, D.C’s Northeast Brookland neighborhood as some of the hotspots for Gen Y renters in upcoming years.
By building modern, luxurious properties where resident safety is a priority, the company hopes to revitalize some of the landscape in those areas, while still maintaining a city feel for residents. Here’s a look at Bozzuto’s developing Union Wharf and Monroe Street Market properties:
The… Continue reading
June 01, 2012
Bozzuto Group found its niche building high-end apartments that cater to upscale yuppies in the Greater Baltimore and Washington, D.C., markets.
Now, the $1.1 billion company, known for building the Fitzgerald near the University of Baltimore, is looking north to the Philadelphia area to help fuel its growth.
“We think it’s a great market,” said Toby Bozzuto, president of Bozzuto Group’s development division.… Continue reading
Washington Post: This Real Estate Firm is Looking for Veterans Who Can Keep Their Cool Under Pressure
May 26, 2012
Tom Bozzuto is the 65-year-old chairman of the Bozzuto Group, the Greenbelt-based real estate company that employs 1,200 people, many of them veterans.
Bozzuto, a Vietnam veteran, hires fellow service veterans for two reasons: first, they make great employees; second, he has an idea of what they have gone through and wants to help. But Bozzuto, whose company owns or manages tens of thousands of apartments between Boston and… Continue reading