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YOUR PERIODIC UPDATE FROM BOZZUTO CONSTRUCTION

SPRING 2016 EDITION

MIKE'S COLUMN

Diversifying Our Product Portfolio

Many outside of Bozzuto Construction may know this, but we are already builders of office, retail, hotel, and healthcare projects. Expanding these product lines is now a critical part of our strategic plan.

When I started at Bozzuto in 1999, we were only building three and four-story walk-up style garden apartments on green field sites in suburban communities. Of the 20+ construction projects we currently have underway, only one falls into this category.

While our core product still includes a multi-family component, the elements that make up those projects are very distant from that of the 12-unit module we used to build in the far out suburbs of Washington. This was made vividly clear to me when I noticed recently that the aggregate value of our outstanding concrete subcontracts is eight times that of our wood-frame subcontracts. Most all of our projects now include many of the following complex elements: contaminated soils, dewatering, deep foundation systems, underpinning of adjacent structures, commercial kitchens, transfer decks, structural steel, complicated building envelopes with metal panels, curtain walls, masonry, and cast stone coupled with retail and amenity spaces that are more expansive and grand than many hotel lobbies. And combining many of these into one project makes them even more complicated.

While I may be bit biased, we are pretty darn good at building these complicated projects. So it is only natural for us to build other products that have all the same elements of multi-family, which we have come to know so well. We will, of course, remain focused on multi-family and mixed-use projects; after all, that's what got us here in the first place.

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


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GET TO KNOW

Jim Marshiano
Senior Project Manager


Are you working on any special or noteworthy projects, programs, or activities?
I have been blessed with the opportunity to be part of the So Other Might Eat (SOME) mixed-use project Bozzuto is currently building in Northeast DC on Benning Road. This one-of-a-kind facility will include retail, as well as a comprehensive medical and dental clinic. Once constructed, it will provide 30 homeless and low-income families with affordable housing and after-school programs, 172 units of affordable housing to single adults, and training to over 300 adults annually. This project is seeking LEED Silver certification and is scheduled for completion in November 2017.

What do you enjoy most about working at Bozzuto?
The people and the company culture. I believe that the culture of the company starts at the top and I am fortunate to work for the best company in the business. The daily decisions and the way the company conducts business resonates the values of Tom Bozzuto, Rick Mostyn, and Toby Bozzuto. I am proud to be part of the Bozzuto team.

What advice would you give to a new Bozzuto Construction employee about how to be successful at Bozzuto?
Come to work each day with a “can do” attitude and tackle the day with a passion and purpose. You should always approach your work with a high level of enthusiasm and a willingness to learn.

Tell us about someone that inspires you – personally or professionally.
My parents continue to inspire me still to this day. I grew up in a large Irish-Italian family in NY that has strong faith and family values. My Dad grew up as a first generation Italian in this country with humble beginnings. It was not until I got older and had a family of my own that I begin to appreciate the sacrifices my parents have made and the wisdom they’ve instilled in all of their children.

What’s one thing your colleagues would be surprised to learn about you?
I spent most of my teenage years turning wrenches under the hood of a muscle car. I restored a 1970 Chevelle and a 1965 Olds 442 which I still own today.

What do you like to do in when you’re not working? Any hobbies?
The one thing I enjoy more than anything in this world is being a dad. This may sound cheesy, but as the saying goes, “anyone can be a father, but it takes a different kind of man to be a dad.” There is tremendous joy that comes with shaping and developing the character of the children in your life. I find sports to be a great opportunity to teach some of the life lessons we all come to experience as adults.


What do you enjoy reading: favorite magazine/book?
I enjoy reading business and professional self-improvement books, investing, and theology. Some of my favorites include Thomas Merton, CS Lewis, Matthew Kelly, and GK Chesterton.


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PROJECT SPOTLIGHT

Silverstone Senior Living

Bozzuto Construction is excited to announce a new senior living deal with Silverstone Healthcare Company that is scheduled to begin construction mid-May. HarborChase at Prince William Commons, VA is a $23 million project with 123 units located in Woodbridge, VA and was designed by Gensler. This three-story project will include 60 Assisted Living units and 60 Memory Care units. The scope of work will also include common areas, surface parking, and a two-story dining room. To learn more about the project and about Silverstone Healthcare Company click here.


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CLIENT SPOTLIGHT

N Street Village Gala

In March, Bozzuto Construction proudly attended the Annual N Street Village Gala in Washington, DC. The event brought together a group of 800 who raised more than $1,000,000 in support of women experiencing homelessness. Also in attendance was renowned actor and dedicated social activist Richard Gere who presented awards and acknowledged N Street Village as a community that continues to provide hope and opportunity for so many.

Bozzuto Construction is currently working with N Street Village on the tenant-in-place renovation of their headquarters. The project scope includes the renovation of the existing eight-story building which has 66-units (51 Apartment Units and 15 Supportive Housing Units) all units will be restored with new finishes and equipment, which will be followed by a revamp of the common areas. The project is expected to be completed in the spring of 2017.

To learn more about N Street Village, click here.


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IN THE COMMUNITY

Boy Scouts Visit Project

On Wednesday, March 23th Bozzuto Construction took a group of Boy Scouts from Elkridge, MD on a tour of Anthem House; a project currently under construction in Baltimore’s Locust Point waterfront area. The scouts enjoyed learning about the construction process while they walked the active site alongside Project Manager Brady, who is in-charge of the Anthem House project.


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EVENTS

ULI Washington Real Estate Trends Conference

Join the Bozzuto Construction team in the exhibit hall on April 27th at the Ronald Reagan Building in Washington, DC for the 2016 ULI Trends Conference. This year the theme of the conference is Shared Change: Positioning for the New Economy—providing a great opportunity to network while gaining valuable industry and business knowledge from local and national experts.

To learn more about the conference, click here.

HAND Annual Meeting & Housing Expo

The Housing Association of Nonprofit Developers (HAND), will host their Annual Meeting & Housing Expo on June 21st at the Crystal Gateway Marriott in Arlington, VA. Bozzuto Construction will be among the 1,200+ affordable housing and community development specialists who are attending the event to exchange new ideas and celebrate HAND’s 25th anniversary.

To learn more about the expo, click here.


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