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Latest News

Multi-Housing News: The Bozzuto Group Opens Doors to New Pennsylvania Apartment Development

June 01, 2010

The Bozzuto Group announced the completion and grand opening of 100 Park at Wyomissing Square, a new apartment community located in the heart of Wyomissing Square in downtown Wyomissing, Pa., located in Berks County near Reading.

Wyomissing Square is a new, mixed-use development consisting of 32,000 square feet of new, Class A retail, and a new 135-room Courtyard by Marriott hotel. The Viva Bistro & Tapas Lounge and Berkshire… Continue reading

Reading Eagle: Opening Held for Apartments in Wyomissing

May 25, 2010

The developer of 100 Park at Wyomissing Square held a grand opening of the apartment complex on Monday.

Wyomissing Square is a mixed-use development on the site of the former Textile Machine Works, which also contains Viva Bistro and Tapas Lounge and Berkshire Professional Center. A Courtyard by Marriott Hotel and 32,000 square feet of retail space also are planned.

The Bozzuto Group, Greenbelt, Md., is the developer of 100 Park, located at 100 N. Park Road.

"It… Continue reading

Washington Business Journal: Work Starts on Rhode Island Station in D.C.

May 18, 2010

D.C. Mayor Adrian Fenty on Tuesday broke ground on the 8.5-acre, $107 million Rhode Island Station development planned for a pair of existing parking lots at the Brentwood Metro station in Northeast D.C.

The mixed-use, transit-oriented project of Bethesda-based Urban Atlantic and Baltimore-based A & R Development Corp. will feature 274 residential units, 70,000 square feet of retail — 10 percent reserved for local businesses — a community center,… Continue reading

Tax Credit Advisor: The Celebration Continues; Construction Costs Likely to Stay Lower This Year

May 01, 2010

By Mike Schlegel, President, Bozzuto Construction Company

“Where are cap rates headed?” That question echoes off the walls at just about every real estate industry cocktail hour. These days, however, I’m hearing a different question reverberate amidst the clinking glasses: “What lies ahead for construction pricing?”

The truth is, with multifamily housing project deliveries at a 10-year low, many… Continue reading

Multifamily Executive Magazine: Tom Bozzuto Offers Lessons for Recession Survival

April 15, 2010

The chairman of The Bozzuto Group, who has 40 years of real estate experience, suggests being honest with yourself, choosing partners carefully, and keeping up your investments.

Ask Tom Bozzuto, and he’ll simply say he’s a born optimist.

But the chairman of Greenbelt, Md.-based The Bozzuto Group, is also a real estate veteran, with 40 years of experience under his belt. So the recession survival guide he offered a group of apartment… Continue reading

Washington Business Journal: Rhode Island Station Moves Forward

March 17, 2010

The District plans to finalize financing for Rhode Island Station, a transit-oriented mixed-use development near the Rhode Island Avenue Metro station, with A&R Development Corp. and Urban Atlantic, Deputy Mayor for Planning and Economic Development Valerie Santos told a D.C. Council committee Tuesday.

The developers of the $90 million-plus project, nearly a decade in the making, are expected to announce a ground breaking date in a month’s time.

Rhode… Continue reading

The Gazette: Fitzgerald Billed as Baltimore's Biggest Green Apartment Community

February 05, 2010

The Bozzuto Group announced that it is building The Fitzgerald at UB Midtown as the largest certified "green" apartment community in the Baltimore area.

The mixed-use development, which will include 275 apartments, 24,000 square feet of street-level retail and a 1,245-space parking garage, is being constructed for certification under the U.S. Green Building Council's Leadership in Energy and Environmental Design program. The Fitzgerald garage… Continue reading

Multifamily Executive Magazine: Construction Material Costs Expected to Rise

January 26, 2010

Be prepared for an increase in construction materials costs in the first quarter of 2010. At least that's what the most recent producer price index (PPI) seems to indicate. The federal data from November shows sharp increases in key materials, including copper and brass mill shapes, steel mill products, and insulation materials.

“Public agencies and private owners contemplating construction projects should treat the PPI figures as a warning shot… Continue reading

Baltimore Business Journal: Baltimore-Area Businesses Aid in Haiti Relief

January 18, 2010

Local agencies, hospitals and banks are among the Greater Baltimore businesses chipping in to support ongoing Haiti earthquake relief efforts.

The American Red Cross — Central Maryland Chapter said it has received the following gifts from its local corporate partners:

  • $50,000 from Constellation Energy Group Inc.
  • $50,000 from McCormick & Co. Inc., plus an employee match up to $25,000.
  • $25,000 from W.R. Grace & Co. plus 100 percent… Continue reading

The Daily Record: Midtown Garage to Open

January 08, 2010

Finding a parking place on the crowded streets of Baltimore's midtown Mount Vernon neighborhood will get a bit easier on Monday, when a 1,245-space public parking garage opens adjacent to the University of Baltimore campus. The garage is the first component to open at The Fitzgerald at UB Midtown, a $76-million mixed-use apartment development by The Bozzuto Group of Greenbelt.

The garage, on Oliver Street and Mount Royal Avenue, provides public parking for educational and cultural… Continue reading