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. He… 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 14, 2013
The development project slated for the former General Electric Co. service site in Locust Point just got a little bigger.
Solstice Partners LLC, the development team behind the proposed 2.7-acre site, has purchased the HarborQue restaurant at 1421 Lawrence St. for $1.55 million. The acquisition will allow better traffic access to the development, which is proposed to include more than 200 apartments and 16,000 square feet of retail… Continue reading
February 14, 2013
For as much attention as the single-family residential housing market as been getting, it may seem like the apartment industry is the oft-ignored stepchild. Yet a recent report from the National Multi Housing Council and National Apartment Association finds that the multifamily rental sector plays an even larger role in the overall US economy than one might expect.
Apartments—and those living in them—contributed $1.1 trillion to the national economy in 2011,… Continue reading
December 19, 2012
Demolition work on the site of the future Cathedral Commons is nearly complete, signaling the end of a long-running battle to halt the large-scale mixed-use redevelopment project less than a half mile north of National Cathedral.
Workers are razing buildings — including a strip mall that once housed the 1950s era G.C. Murphy Co. department store — on the 178,236-square-foot property nearly one year after an appeals court rejected legal challenges by several… Continue reading
December 17, 2012
The Post 200 is an annual snapshot of the companies, law firms, nonprofits and other organizations that power our local economy. Here's a look at this year's list.
Working off of an apartment development fund that it formed with Pritzker Realty, Bozzuto has been lining up apartment development projects throughout the region to take advantage of the local apartment boom. It is planning or building projects at National Harbor,… Continue reading
November 17, 2012
It has been one of the longest battles over a grocery store that many can remember.
More than 10 years after the first proposal to build a new Giant Food store was put on the table, ground finally broke.
Eleanor Oliver has lived in the Northwest neighborhood near the National Cathedral for more than 50 years. She remembers the first plans for the new store on Wisconsin Avenue.
"They were big, they were ugly, they didn't offer that much," said Oliver. "All… Continue reading
November 15, 2012
Demolition to make way for Cathedral Commons is now underway both officially and physically. Bozzuto held a press conference this morning to celebrate work that began quietly this week to demolish two city blocks and replace it with a mixed-use development and Giant supermarket. The 4-acre, $130 million project will add an improved, larger Giant as well as 137 apartment units, 8 townhouses, and a concourse with 125,000 s.f. of street front retail space.
Construction… Continue reading
November 15, 2012
After a dozen years of neighborhood battles, officials broke ground on Cathedral Commons, a large new development in northwest D.C.
It was a typical 1950s shopping area – small scale with lots of parking – but it was outdated for decades. Now, after a dozen years of zoning fights, lawsuits and neighborhood battles --… Continue reading