Normal left montage imageNormal middle montage imageNormal right montage image

YOUR QUARTERLY UPDATE FROM BOZZUTO CONSTRUCTION

THE NEWZZ | MARCH 2017

FROM THE DESK OF OUR PRESIDENT


Recent studies show that the current number of women who make up the construction industry is a mere 9.3%. While this is up from 9.1% in 2016, it will take roughly 30 years for the industry to double the current percentage of women in its workforce. The real issue behind these numbers is one of supply. Researchers believe these low percentages are largely due to the lack of exposure young women receive to career opportunities within STEM (Science, Technology, Engineering, and Mathematics) fields. Supporting this, statistics show that only 6.7% of women are pursuing STEM degrees through higher education! With an increasing number of professional positions requiring STEM skills, it’s more important than ever to promote these future job opportunities to young women.

This month, in an attempt to attract more young women to STEM, Microsoft launched a commercial to complement its “Make What’s Next” campaign, highlighting young girls and the world issues they plan to solve. While I believe the ad delivered a terrific message, I was terribly bothered that many of the young women featured held the attitude that they can be “just as good as a man”. Why would we ever want that mindset to be a limitation or ultimate goal for our daughters? Furthermore, why would a woman ever pursue a STEM career, dominated by men, thinking that maybe, just maybe, she could be just as good as a man? It is clear that this attitude begins well before adolescence – and we have only limiting social barriers and ourselves to blame.

As we near the end of Women's History Month for 2017, I think it is important to reflect on the impact the lack of diversity has on our industry. Without gender and racial variance, we cannot and will not serve our customers as well as we should. We will be less creative solving problems and generating new ventures and opportunities; and continue to struggle to find well-qualified individuals to build our projects.

At Bozzuto Construction Company, we are proud to say that women account for just over 18% of our team – double the industry standard – and I would like to see this number rise while continuing to empower the strong women already we employ.

One internal initiative supporting this effort is our Bozzuto Construction Women's Group. We designed this group with the goal of better connecting women in our company - promoting personal and professional growth through shared experiences. Just last week, the group hosted a Q&A with The Bozzuto Group's Chief Administrative Officer, Julie Smith, a true leader in the United States real estate industry. She shared many valuable experiences and lessons learned from having often been the only woman (or mom) in the room throughout her career. From conquering self-doubt, to learning when it’s the right time to ask for help, one message that continues to resonate was the importance of support. Support, whether it be from your family, colleagues, a mentor, or friends, is one the most important stepping stones to achieving success.

The Bozzuto Group is committed to supporting women throughout our company by continuing to hire, promote, and empower them to reach their fullest potential. We truly believe our diversity is, and will continue to be, one of our greatest differentiators in this constantly evolving industry.

Mike Schlegel I President | Bozzuto Construction Company| mschlegel@bozzuto.com


Return to top


CLIENT SPOTLIGHT

Duball, LLC | 1745 N Street Condominiums

Bozzuto Construction is pleased to report that construction on 1745 N Street Condominiums; our second project with owner, Duball, Inc., is currently underway. We first worked with Duball on The Swift – a new $42 million, 218-unit mixed-use community completed in 2014.

The $24 million 1745 N Street project, designed by PGN Architects, involves the construction of a six-story condominium building and the historic renovation of six existing row homes just south of DuPont Circle, as well as a new below-grade parking garage, expected to complete in 2018.

More specifically, the scope of work includes partial demolition of the existing exterior rear facades as well as the existing interior. The interiors will be rebuilt based on new unit layouts allowing for some historic pieces to remain, which include a grand wood staircase and exposed masonry walls; repairs on the exterior brick, metal cornice, and slate roofs will be completed, along with the replacement of all the historic windows in kind.


Return to top


PROJECT SPOTLIGHT

Maple View Flats

With demand for affordable housing in Washington, DC higher than ever, Bozzuto Construction is proud to announce our role as general contractor for Maple View Flats, a new 100% affordable apartment community owned by Chapman Development and designed by Grimm and Parker Architects. Built on a site that has been vacant for over 30 years, this $35 million project will bring 114 units of mixed-income housing, 13,000 square feet of retail space, and two levels of underground parking to the Ward 8 area in 2018.


Return to top


IN THE NEWS

The Springs Apartments Completion

Bozzuto Construction recently hosted a celebratory dinner to honor the successful completion of The Springs Apartments. In addition to Bozzuto, attendees included team members from the project owner, Arlington Partnership for Affordable Housing (APAH), as well as the project architect, KGD Architecture, and the owner’s representative, KCM, Inc. The $25 million Springs project included new construction of a five-story, mixed-use, mixed-income 104-unit apartment community located in Arlington, VA. Eighty percent of the apartments are designed for families, with either two or three bedrooms, and 98 of the residences are designated as affordable. The Springs also includes a community room, a business center, a fitness center, underground parking and bicycle storage, and the new headquarters for APAH.


Return to top


EVENTS

Key's Pointe Groundbreaking

Bozzuto Construction, along with representatives from owner, The Michaels Organization and the architect, Marks, Thomas Architects, recently celebrated the Key’s Pointe project, located in Baltimore City. Phase I, which completed in 2014, included construction of stacked flat apartments and two-story slab-on-grade townhomes, for a total of 76 units. Phase II, which recently broke ground and is expected to be delivered in 2018, includes a mixture of 69 new townhomes and garden-style apartment units.


Return to top