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Latest News

Baltimore Sun: Parking Garage to Open Monday at The Fitzgerald

January 07, 2010

A new parking garage will open Monday at The Fitzgerald at UB Midtown in Baltimore as the first completed phase of the $76 million mixed-use apartment project, developer the Bozzuto Group said Wednesday.

The 1,245-space garage, adjacent to the University of Baltimore, will increase public parking in the Mount Vernon neighborhood and serve the university, cultural venues and residents of the Fitzgerald, which will have 275 luxury apartments and street-level… Continue reading

Multifamily Executive Magazine: The 10 Most Influential Executives of the Decade

December 21, 2009

The past decade has seen a number of apartment industry chieftains who have emerged to leave their mark on the multifamily sector. As a result, Multifamily Executive consulted its Linkedin and Twitter followers, as well as industry experts, for recommendations. Here are the 10 individuals that wielded the greatest influence in the 2000s:

  • Sam Zell, chairman, Equity Residential
  • Ron Terwilliger, former chairman, Trammell Crow Residential
  • Continue reading

Multifamily Executive Magazine: MetroPointe -- Project of the Year, Mixed-Income

November 05, 2009

Affordable housing that doesn’t look like affordable housing has been a mantra of progressive developers for some time, but what about affordable housing that is actually market-rate housing?

That was the goal with MetroPointe, a 173-unit community with 53 income-restricted units where residents across all income brackets share the same amenities and accoutrements of a Class A-plus, transit-oriented apartment community. Mission accomplished,… Continue reading

Washington Business Journal: Bozzuto Group's MetroPointe at Wheaton Metro Named Mixed-Income Project of the Year

October 22, 2009

Multifamily Executive Magazine gave Bozzuto Development Company major kudos for its MetroPointe at Wheaton Metro project. The magazine called MetroPointe the mixed-income project of the year at it's 2009 Multifamily Executive and Developer Awards ceremony in Las Vegas.

The 173-unit MetroPointe project is the result of a partnership between Bozzuto and the Montgomery County Housing Opportunities Commission.

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Washington Business Journal: Bozzuto Group Breaks Ground on The Views at Clarendon in Arlington County

October 15, 2009

Bozzuto Development Company and Chesapeake Community Advisors will finally break ground Saturday on The Views at Clarendon, a hotly debated — and long delayed — project in Arlington.

The $40 million development will include 46 market-rate apartments and 70 affordable rental units that will be a mix of studios, one, two and three-bedrooms.

The first two stories of the 10-story building will be used for the First Baptist… Continue reading

Reading Eagle: Upscale Apartment Complex Opens in Wyomissing

September 16, 2009

Owners of 100 Park at Wyomissing Square say that more people are turning to renting

Another piece of the Wyomissing Square development, the $49 million apartment complex 100 Park at Wyomissing Square, has fallen into place.

Don Tracy, development manager for Bozzuto Development, Greenbelt, Md., said 100 Park, named for its address at 100 N. Park Road, is leasing and that he expects the 248-unit complex, where finishing touches still were being completed… Continue reading

Multifamily Executive Magazine: No Relief; Construction Costs Still Seem Astronomically High

September 10, 2009

It’s no secret that multifamily development has plummeted since the housing bubble burst.

And since construction prices often correlate to development activity, it’s no surprise that construction prices have swung wildly from one extreme to the other over the past few years.

Now, the question is: Is it cheaper to develop a 150-unit mid-rise today as opposed to four years ago during the height of the boom?

The answer: No.

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Washington Post: Churches Look to Residential Real Estate to Support Congregations

August 08, 2009

The new apartments in Landover have all the features one expects to find in a luxury complex. There's a state-of-the-art fitness center, a quiet courtyard, nine-foot ceilings and oversize windows.

Residents can use a theater, a barbershop, a beauty salon -- even a chapel.

Yes, a chapel.

The small church, with its plush blue seats, ornate fixtures and pulpit, was included in the architectural plans at the request of the developer: Jericho… Continue reading

Washington Business Journal: Macedonian Affordable Housing Project Breaks Ground in Arlington

July 10, 2009

Macedonia Baptist Church, the Bonder & Amanda Johnson Community Development Corporation and AHC Inc. broke ground yesterday on The Macedonian, a 36-unit affordable housing project in Arlington.

Located on Shirlington Road, the project is completely affordable. It will include 32 apartments for those making 60 percent or less of the area median income and four units for the Arlington County Supportive Housing Program for… Continue reading

Reading Eagle: Apartment Units Expected to be Available Soon at New Wyomissing Retail-Residential Complex

April 25, 2009

Developers of a $49 million residential and retail project in Wyomissing expect to start renting apartments as early as this summer.

Construction of the Wyomissing Square development at Park Road and Hill Avenue is nearly finished.

The project is a combination of upscale apartments, a hotel and retail space adjacent to Viva Good Life Bistro & Lounge.

Brickstone Realty, a Philadelphia company developing the… Continue reading