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Latest News

Washington Business Journal: New Apartment Building Set for National Harbor

December 13, 2010

The Peterson Cos. and The Bozzuto Group have formed a joint venture to build 350 apartments atop retail space at the National Harbor development along the Potomac River in Prince George’s County.The $90 million residential project, slated to break ground in the fall of 2011, marks the first rental development at the sprawling 300-acre site and, as Peterson CEO Steven Peterson puts it, secures the “fourth residential food group on the site” after… Continue reading

Multifamily Executive: 8 Ways to Build a Best-in-Class Multifamily Training Program

November 11, 2010

Last month, the Bascom Group hit a major milestone: It trained its 100th real estate intern, an accomplishment that began in 1996 when the Irvine, Calif.-based multifamily firm brought on its first intern (and third employee!) to help grow the firm.

“There were no altruistic intentions in the beginning,” recalls Bascom co-founderJerry Fink. “Bascom was a startup company and had limited funds.The hiring of our first intern immediately… Continue reading

Baltimore Business Journal: Bozzuto Building 270 Apartments Atop 'Best Site' on Baltimore's Waterfront

October 22, 2010

Greenbelt developer Bozzuto Group is planning to build a 270-unit waterfront apartment building across from the Red Star Bar & Grill in Fells Point, with construction slated to begin as early as fall 2011.

The project, still in its design phase, is expected to cost between $50 million and $60 million.

“We think it’s the best site in Baltimore left to develop, certainly the best in Fells Point,” said Toby S. Bozzuto,… Continue reading

C-SPAN: Tom Bozzuto Moderates 2010 ULI Fall Meeting's General Session

October 13, 2010

Click here to watch video of Bozzuto CEO Tom Bozzuto moderating the 2010 ULI Fall Meeting General Session with the following panelists:

  • The Honorable Henry Cisneros, Former Secretary, U.S. Department of Housing and Urban Development
  • Bart Harvey, Former Chairman and Chief Executive Officer, Enterprise Community Partners
  • The Honorable Steve Preston, Former Secretary, U.S. Department of Housing and Urban Development
  • J. Ronald Terwilliger, Chairman… Continue reading

Greater Annapolis Patch: Top Amenities at Mariner Bay

September 21, 2010

Take a glance upward from the main traffic circle at Annapolis Towne Centre at Parole to the top of the Mariner Bay apartment building. There are actually trees up there — not just large potted plants. Those are bona fide trees in the rooftop gardens of Mariner Bay.

Lauren McDonald, manager of corporate communications for Mariner Bay, says that the plant beds contain 5 feet of soil that absorbs rainwater and lessens runoff. Although the plantings do not qualify for a… Continue reading

Washington Post: Bozzuto-Pritzker Venture to Invest in Catholic University Apartment Project

August 16, 2010

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Tom Bozzuto and Penny Pritzker have made a first bet with their new $75 million apartment fund and it is on Jim Abdo's Catholic University project, a major equity investment in new housing construction the likes of which have been rare since the economic collapse in 2008.

Abdo, a D.C. developer whose popular condominium projects helped remake 14th Street NW and H Street NE, is planning nearly 1 million square feet of new housing… Continue reading

Washington Business Journal: Bozzuto, Pritzker Realty Group Investment Spurs Abdo's Catholic University of America Project

August 16, 2010

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Greenbelt-based The Bozzuto Group and Chicago-based Pritzker Realty Group have formed a $75 million joint venture that will fund the redevelopment of The Catholic University of America's south campus, led by Abdo Development.

The university tapped Abdo for the Brookland project in 2008. The team will break ground by the end of next year.

Washington Post: In Forming Joint Venture, Bozzuto Shows He's Bullish on Apartments

August 02, 2010

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Is Tom Bozzuto betting against the housing market? His Bozzuto Group, based in Greenbelt, announced last week the formation of its newest fund, a $75 million joint venture with Chicago-based Pritzker Realty Group, which will allow the company to acquire or develop hundreds of apartments in the mid-Atlantic region, particularly in the Washington area.

Bozzuto, the company's chief executive, plans to focus mainly on development of new homes,… Continue reading

Multifamily Executive: Washington, D.C., Market Ramps Up for New Development

July 29, 2010

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Pritzker Realty, Bozzuto Group help kick off the resurgence with $75 million joint venture.

After months of little to no activity, multifamily development in the nation’s capital is seeing the beginnings of a quiet resurgence.

Hoping to lead the way: Chicago-based real estate investment firm Pritzker Realty Group and Greenbelt, Md.-based developer and manager The Bozzuto Group. Earlier this week, the firms announced the creation of a joint venture… Continue reading

The Daily Record: Developer Says Fitzgerald Already Exceeding Hopes

July 20, 2010

Standing tall at the edge of the Jones Falls Expressway near Maryland Avenue, the ultra-modern angles of The Fitzgerald apartments seem an unlikely symbol to weld the future of Mount Vernon with a slice of its historic past rooted in the romance of the 1920s Jazz Age.

Yet that’s what the University of Baltimore is hoping to accomplish when the development named after writer F. Scott Fitzgerald fully opens later this summer.

“This project embraces the… Continue reading