December 23, 2015
A trio partnership is bringing the first multifamily building of a mixed-use development to the Shady Grove Metro in Rockville, Md., announcing that it has secured financing and begun construction on the 45-acre development. Bozzuto, EYA and Carlyle Realty Partners provided equity while Citizens Bank provided debt for the project. HFF arranged the joint venture and assisted in placement of the debt.
As MHN previously reported,… Continue reading
December 23, 2015
Bozzuto, EYA and Carlyle Realty Partners have completed the financing for the first multifamily building at a planned mixed-use development at the Shady Grove Metro stop in Rockville.
All three firms provided equity in the deal while Citizen Bank provided the debt. The West Side at Shady Grove Metro is a four-phase development that will include 1,114 apartments, 407 townhomes, 37,000 square feet of retail and 130,000… Continue reading
December 18, 2015
My husband and I just changed apartments in New York City – and it was all about the customer experience. Our old and new apartments are only a few blocks apart, and are roughly equivalent in size, cost and amenities. We finally just got tired of dealing with a management company that seemed to consider us only as a source of income and operated to serve their own convenience rather than ours.
Example #1: When we were moving out of our old… Continue reading
December 09, 2015
The largest boom in new apartment construction in three decades is doing little to slow rent increases or ease affordability concerns for renters across the country, a new report finds.
A record number of renters are spending more than 30% of their incomes on rent—a ratio that economists consider financially burdensome, according to a report released Wednesday by Harvard University’s Joint Center for Housing… Continue reading
December 08, 2015
Earth-friendly green features are standard in the aptly named Sage homes in Howard County’s Maple Lawn community, halfway between Washington and Baltimore.
Geothermal heating and cooling, wiring for solar panels, and energy-saving lighting, appliances and windows are part of these 19 single-family houses being developed in Fulton, Md.
Bozzuto Homes, a Greenbelt-based home builder, says its Sage designs… Continue reading
December 02, 2015
While every newly built dwelling today surpasses the energy efficiency of older homes in the area simply because of improved technology and building techniques, Bozzuto Homes has taken green building to a new level at Sage at Maple Lawn by including a geothermal heating and cooling system as a standard feature.
The 19 single-family houses in this Howard County community, priced from $799,990 and up, have 3,000 square… Continue reading
October 16, 2015
Toby Bozzuto, president & chief executive officer of The Bozzuto Group, announced the promotions of Julie Smith to chief administrative officer (CAO) of The Bozzuto Group and Stephanie Williams to president of Bozzuto Management Company effective January 1, 2016.
Smith has been with the firm since 1989, and has served as the president of Bozzuto Management Company since 1994. She has been largely responsible… Continue reading
October 15, 2015
Bozzuto Management President Julie Smith has been promoted the newly created position of chief administrative officer for the parent Bozzuto Group, becoming one of the top-raking women in the D.C. region's commercial real estate industry.
Smith, who is also one of the Washington Business Journal's 2015 Women Who Mean Business honorees, will assume her role in the newly created post Jan… Continue reading
October 08, 2015
After demolishing university dormitories on its 8.9-acre South Campus in Washington, D.C., in 2011, The Catholic University of America (CUA) built a new college town on the urban infill site in partnership with two private developers. Named Monroe Street Market for Monroe Street, N.E., which cuts through the site, the five–city-block parcel now offers 562 apartments, a variety of retail and… Continue reading
September 23, 2015
As published in GlobeSt.com.
Even though it is only six miles from the US Capitol Building, the neighborhood surrounding Catholic University was a “sleepy corner of Washington, DC,” says Bozzuto Development vice president Michael Henehan. And it was a neighborhood the developer had been eyeing for some time. What they created when the opportunity finally arose resulted in this, the next finalist in our series on the NAHB Pillars of the Industry Awards.
This Week’s Project: Monroe… Continue reading