May 09, 2013
National Harbor has a glimmering conference center, tons of new office and retail space, and that beautiful waterfront view. (Not to mention Bobby McKeys—which is both our favorite dueling piano bar and our least favorite place to take a piano lesson.) But an apartment complex has eluded the development. Until now.
We snapped a couple of company namesakes, Bozzuto Group chairman Tom… Continue reading
May 08, 2013
On Wednesday morning, Peterson Companies and Bozzuto Development Company broke ground on The Esplanade, a 262-unit apartment building in National Harbor at 250 American Way.
While National Harbor has a few condo buildings and townhouses, The Esplanade is the first apartment complex for the area. National Harbor falls in the category… Continue reading
May 07, 2013
The Bozzuto Group and the Peterson Cos. plan to hold a groundbreaking ceremony Wednesday on the Esplanade, the first apartment building to be developed at the National Harbor in Prince George's County.
Bozzuto and Peterson plan to spend about $70 million to develop the building at 250 American Way, which will be built by Bozzuto Construction Co. and managed by Bozzuto Management Co. The 262-unit apartment building is slated for completion… Continue reading
May 05, 2013
You can now lock in to live at one of the new apartments on Telegraph Road.
It's now possible to secure a lease at the Flats170 at Academy Yard apartments.
Bozzuto Group has opened a leasing office at the site along Telegraph Road, and residents may be able to move in later this year.
There are seven buildings under construction with 30 different floor plans with studio, one-bedroom and two-bedroom apartments. In all, Flats170 will have 369 apartments.
Flats170… Continue reading
April 16, 2013
Memorable Achievements: Working with the development group to start more than 2,500 apartment units valued at over $650 million in the past one-and-a-half to two years—the most prolific in the Mid-Atlantic developer’s 25-year history. Formulating a $150 million equity fund in partnership with Pritzker Realty Group in 2010, during the depths of the recession. Since then, Washington, D.C., has taken off as a favorite market among investors, and the wisdom of the… Continue reading
February 25, 2013
The Bozzuto Group announced several changes to its leadership team last week that could set the stage for homebuilder Tom Bozzuto to hand the reigns of one of the Washington region’s largest private companies to his son.
Bozzuto, ranked by the Washington Business Journal as Greater Washington’s eighth-largest company with $1.1 billion in 2011 revenue, announced Feb. 20 that Toby Bozzuto will step into a newly created position as company president.… Continue reading
February 21, 2013
A longtime Bozzuto Group leader is stepping down, and a pair of up-and-coming executives are taking on new roles with the company.
John Slidell, a co-founder, vice chairman and president of Bozzuto Land Co., will step down April 5. Slidell will remain involved as an owner and investor and will represent the company in "select endeavors," according to a statement released by the company. He is scaling back his involvement to "pursue other interests," the… Continue reading
February 15, 2013
Do not expect a replica of the Bozzuto Group’s Fitzgerald or Union Wharf apartments to be built at the former General Electric Co. site in Locust Point.
For this project, the Bozzuto Group is “ripping up all the old plans,” said Toby Bozzuto, president of the Greenbelt-based development firm. “We always want to be redefining what the best is. We always want to be pushing.”
Bozzuto will partner with Solstice Partners LLC to develop… Continue reading
February 12, 2013
Although steady job growth in the construction sector has recently spurred optimism about the strength of the nation’s economic recovery, economists and local construction executives say the industry is poised to make only modest contributions to the growth of the Washington region’s labor market this year.
These forecasts reflect the unique composition of the Washington area economy: Its housing market has room for improvement, but… Continue reading
January 31, 2013
Development team closes on $20 million in funding, clearing way for construction
The team picked to redevelop the 62-acre O'Donnell Heights public housing project in Southeast Baltimore has started construction after closing on $20 million in funding for the rental homes in phase one.
The Michaels Development Co. and AHC Greater Baltimore, the master developers, said Thursday that Bozzuto Construction Co. will build 76 townhomes with funding secured in January. The… Continue reading