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Latest News

Washington Business Journal: Bozzuto Group Breaks Ground on The Views at Clarendon in Arlington County

October 15, 2009

Bozzuto Development Company and Chesapeake Community Advisors will finally break ground Saturday on The Views at Clarendon, a hotly debated — and long delayed — project in Arlington.

The $40 million development will include 46 market-rate apartments and 70 affordable rental units that will be a mix of studios, one, two and three-bedrooms.

The first two stories of the 10-story building will be used for the First Baptist… Continue reading

Reading Eagle: Upscale Apartment Complex Opens in Wyomissing

September 16, 2009

Owners of 100 Park at Wyomissing Square say that more people are turning to renting

Another piece of the Wyomissing Square development, the $49 million apartment complex 100 Park at Wyomissing Square, has fallen into place.

Don Tracy, development manager for Bozzuto Development, Greenbelt, Md., said 100 Park, named for its address at 100 N. Park Road, is leasing and that he expects the 248-unit complex, where finishing touches still were being completed Tuesday,… Continue reading

Washington Business Journal: Apartment Opening Doubles as Film Festival

September 15, 2009

A new D.C. event called Capture D.C. Life unites a film contest with the grand opening of apartments near Columbia Heights.

People are being asked to submit original short films -- around one to five minutes long -- about D.C. life. The winning films will be shown at the rooftop grand opening of Park Place on Oct. 8. The 161 modern boutique apartments at 850 Quincy St. NW sit above the Georgia Avenue/Petworth Metro stop.

Bethesda-based Donatelli… Continue reading

Multifamily Executive Magazine: No Relief; Construction Costs Still Seem Astronomically High

September 10, 2009

It’s no secret that multifamily development has plummeted since the housing bubble burst.

And since construction prices often correlate to development activity, it’s no surprise that construction prices have swung wildly from one extreme to the other over the past few years.

Now, the question is: Is it cheaper to develop a 150-unit mid-rise today as opposed to four years ago during the height of the boom?

The answer: No.

According… Continue reading

Multi-Housing News: First Impressions

September 02, 2009

In the universe of multifamily properties, some apartment communities just stand out from the rest. These are often the properties with great curb appeal, the much sought-after quality known to exert a powerful hold over renters. It is curb appeal that lures new residents, and at the same time makes it difficult for existing ones to depart.

In building curb appeal, there’s an indispensable trick-of-the-trade, says Jamie Gorski, senior vice president of corporate marketing for The Bozzuto… Continue reading

Annapolis Capital: Home of the Week -- Mariner Bay

August 29, 2009

It was Marie Hagen's son and daughter-in-law that brought her to Annapolis from just outside of Trenton, N.J. And that's okay with her, because family is everything to this very quintessential Italian mother.

"Family's first," declared Marie. "My husband always said that - family first, food on the table and pay the bills."

While Marie's husband and one of her sons have both passed, her family here is very much a driving force in her life, including her grandkids.

"They… Continue reading

Washington Post: Churches Look to Residential Real Estate to Support Congregations

August 08, 2009

The new apartments in Landover have all the features one expects to find in a luxury complex. There's a state-of-the-art fitness center, a quiet courtyard, nine-foot ceilings and oversize windows.

Residents can use a theater, a barbershop, a beauty salon -- even a chapel.

Yes, a chapel.

The small church, with its plush blue seats, ornate fixtures and pulpit, was included in the architectural plans at the request of the developer: Jericho… Continue reading

Washington Business Journal: Macedonian Affordable Housing Project Breaks Ground in Arlington

July 10, 2009

Macedonia Baptist Church, the Bonder & Amanda Johnson Community Development Corporation and AHC Inc. broke ground yesterday on The Macedonian, a 36-unit affordable housing project in Arlington.

Located on Shirlington Road, the project is completely affordable. It will include 32 apartments for those making 60 percent or less of the area median income and four units for the Arlington County Supportive Housing Program for persons… Continue reading

Multifamily Executive Magazine: Chad Cooley Selected as One of MFE's Five "Up and Comers"

July 06, 2009

Chad Cooley works his way up from the leasing desk to Senior VP of Property Management

PAST After graduating from the University of Maryland at College Park, Chad Cooley felt professionally adrift. “Every day, I wondered what my next job was going to be,” recalls the senior vice president of Bethesda, Md.-based Bozzuto Management Co. “My wife, meanwhile, worked for Bozzuto and came home happy every day.”

So in… Continue reading

Reading Eagle: Apartment Units Expected to be Available Soon at New Wyomissing Retail-Residential Complex

April 25, 2009

Developers of a $49 million residential and retail project in Wyomissing expect to start renting apartments as early as this summer.

Construction of the Wyomissing Square development at Park Road and Hill Avenue is nearly finished.

The project is a combination of upscale apartments, a hotel and retail space adjacent to Viva Good Life Bistro & Lounge.

Brickstone Realty, a Philadelphia company developing the site,… Continue reading