News

Multi-Housing News: MHN Celebrates 2011 Excellence Winners at Ohm in NYC

September 22, 2011

MHN hosted a cocktail party on Monday, September 19 in honor of its 2011 MHN Excellence Award winners and finalists. The event was held at Ohm, a luxury apartment property in West Chelsea. Event sponsors included Benoit & Associates, Douglaston Development and PropertyShark.

MHN Editor-in-Chief Diana Mosher kicked off the event by leading a Q &A with Steven Charno, president of Douglaston Development, the developer of Ohm. They discussed… Continue reading

Metro Business Media: New Details on National Harbor's First Apartment Project Being Developed By Bozzuto and The Peterson Companies

September 14, 2011

National Harbor, the mixed-use development that became an overnight success continues to diversify and expand with the addition of a brand-new apartment project.

The Bozzuto Group and The Peterson Companies teamed up to announce in late 2010, plans to develop an apartment building at the $4 Billion National Harbor along the Potomac River in Prince George's county. Now more details of the… Continue reading

Multi-Housing News: National Harbor Establishes Brisk Sales Pace in D.C. Area

August 18, 2011

Washington, D.C.–The Peterson Cos.’ National Harbor development, one of only half a dozen planned communities in the Washington, D.C. metro area, has captured the attention of a great many home buyers over the past 18 months. In a brutally tough sales market, and in a county disproportionately impacted by the foreclosure crisis, more than 100 homes were sold in National Harbor between early 2010 and first quarter 2011.

“We have a range of price… Continue reading

Multi-Housing News: Green Incentives for Brownfield Development

July 21, 2011

Green building and brownfield development are walking hand-in-hand these days, with urban infill projects likely to take a lead in the multi-housing comeback. The availability of land close to urban transit centers is diminishing, and the existing sites near these hubs are often perceived as being environmentally challenged.

At the same time, public sector incentives are poised to play an even more important role as catalysts that can fill funding gaps. In… Continue reading

Baltimore Business Journal: StonebridgeCarras, Bozzuto Plan $75M Complex in Odenton

July 01, 2011

Two local developers are teaming up on a $75 million redevelopment of the former Nevamar formica plant in Odenton, where they’re hoping to tap into a rising demand for apartments.

StonebridgeCarras and the Bozzuto Development Group plan to break ground this fall on the Flats 170 at Academy Yards, a 369-unit apartment complex at Telegraph and Annapolis roads in Anne Arundel County. The apartments are just the first phase of the 55-acre site’… Continue reading

Gazette: State Works Toward Building Big — and Green

June 10, 2011

Maryland companies working to make state leader in green building

Constructing more energy-efficient and environmentally friendly buildings is becoming a major money-maker for some Maryland companies.

For example, Morgan-Keller Construction in Frederick says the percentage of its “green” building projects has jumped from 25 percent to more than 75 percent during the last few years.

But overall, Montgomery, Prince George’s, Frederick and Charles counties collectively… Continue reading

Baltimore Business Journal: Luxury Fells Point Apartment Project Pushes Forward

June 03, 2011

Greenbelt developer Bozzuto Group plans to break ground in September on a $68 million apartment complex in Fells Point, marking the home builder’s largest start since 2008.

Bozzuto subsidiary Bozzuto Development Group plans to seek building permits in the next few weeks for Union Wharf, a 281-unit project to be built at Thames and Wolfe streets. The Baltimore City Planning Commission approved final designs for the project May 19.

Bozzuto… Continue reading

Multifamily Executive: The New Old Money -- Pritzker Realty Group Rebuilding Apartment Portfolio

June 02, 2011

Additional joint-venture funds could be forthcoming from Chicago-based high net-worth investors.

With two joint-venture funds currently deploying equity into multifamily investments across the Eastern United States, Chicago-based Pritzker Realty Group could be adding similar JVs in the West as the company borne from the Pritzker family that founded Hyatt International in 1922 looks to rebuild its apartment portfolio after… Continue reading

The Daily Record: Urban Land Institute Honors The Fitzgerald

May 23, 2011

The Fitzgerald, a mixed-use residential and retail development in Baltimore’s Mount Vernon cultural district, has been named as one of 10 winners in the Urban Land Institute’s Awards for Excellence: The Americas competition.

More than 140 entries throughout North and South America competed for the prestigious award, which is widely recognized as the land use industry’s most prestigious recognition program. The Fitzgerald, built on 4.6 acres of land owned by the… Continue reading

Multi-Housing News: Bozzuto Achieves New LEED Certifications

May 23, 2011

The Bozzuto Group has garnered the U.S. Green Building Council’s LEED Silver certification for The Fitzgerald and Riverwalk at Millennium, residential properties in Baltimore and suburban Philadelphia, respectively, and the designations put the developer at the forefront in both metropolitan areas.

The awards come as no surprise to the green building community. “Bozzuto has a long track record of concern for the environment, Stuart Kaplow, chair of USGBC’s… Continue reading