November 03, 2012
You may not realize how many substantial pieces of real estate throughout metropolitan Washington, ranging in size from a few acres to hundreds of acres, are destined for new development or redevelopment.
These ambitious projects are guided by often innovative, visionary master plans, usually capitalizing on existing or planned public infrastructure. And their development will take shape over a few decades, not just a few years.
A good starting point is… Continue reading
October 17, 2012
A wealth of conveniences just outside residents’ front doors is the promise of Cathedral Commons, now under construction in northwest Washington, D.C. Developed by Greenbelt, Md.-based real estate services firm The Bozzuto Group, and centered around a state-of-the-art Giant Food supermarket, the mixed-use community will feature 137 apartments, eight townhomes, 128,000 square feet of retail and more than 500 parking spaces.
The $130 million project… Continue reading
Commercial Observer: Northwestern Mutual Provides $91 Million Construction/Permanent Financing on D.C. Development
October 16, 2012
A joint venture between Giant of Maryland and the Bozzuto Group secured $91 million in construction and permanent financing for Cathedral Commons, a 264,272-square-foot, mixed-use development in Washington, D.C.
Northwestern Mutual Life Insurance Company originated the 13-year, fixed-rate loan, a spokeswoman with HFF confirmed. HFF represented the borrower on the deal.
Construction has already started and the… Continue reading
October 16, 2012
The Bozzuto Group recently broke ground on a mixed-use project in Northwest DC, Cathedral Commons, having secured $91 million in construction and permanent financing. Cathedral Commons will include 137 apartments, eight townhomes, 128,000 square feet of retail, and more than 500 parking spaces. The project will be anchored by a 56,000-square-foot Giant Food. The $130-million project is a joint venture between Bozzuto Development, Southside Investment Partners… Continue reading
October 04, 2012
The Bozzuto Group has broken ground on its latest development, Cathedral Commons, a mixed-use asset that will include 137 apartments, eight townhomes, 128,000 square feet of retail and more than 500 parking spaces. The development is centered around a state-of-the-art Giant Food.
“Through Cathedral Commons, we will create in Northwest Washington, D.C. a mixed-use community where residents can enjoy a wealth of conveniences just outside their front door,” says… Continue reading
September 14, 2012
While the home sales market may still be struggling to recover from the crash of five years ago, the rental industry is flourishing, and at the center of the boom is Thomas S. Bozzuto.
Bozzuto, 65, is chairman and CEO of the Bozzuto Group, a privately held integrated real estate services organization that generates about $1 billion in annual revenues. Spread over six companies, the Greenbelt enterprise comprises management, homebuilding,… Continue reading
August 09, 2012
The weary apartment hunters of Washington, who have been plagued in recent years by rising rents, fewer vacancies, pickier landlords and periodic bidding wars, are about to get a welcome respite.
Thousands of new rental units under construction are scheduled to open in the coming months, the first such wave of new building in the area since the financial crisis hit in 2008.
The coming surge — a whopping 6,000 new units by the end… Continue reading
July 23, 2012
JBG Rosenfeld Retail and The Bozzuto Group have acquired 20-acres of land here with plans to build a mixed-use development consisting of retail and multifamily units. The land traded for $28 million.
JBG Rosenfeld Retail plans to build 260,000 square feet of retail. The Bozzuto Group acquired the multifamily development rights with plans of building 538 apartments above the retail. The property is located in Crown—a new 182-acre master-planned community… Continue reading
Commercial Property Executive: JBG, Bozzuto Partner on Land Purchase for Mixed-Use Suburban D.C. Project
July 19, 2012
With the closing of a recent land transaction, The Bozzuto Group and JBG Rosenfeld Retail have taken a big step forward in their plan for a mixed-use development at Crown, a 182-acre master-planned community just outside of Washington, D.C., in Gaithersburg, Md. The team shelled out a total of $28 million on the acquisition of 20 acres for their project, Downtown Crown, which will yield 538 apartments and 260,000 square… Continue reading
July 19, 2012
JBG Rosenfeld Retail and The Bozzuto Group have closed on Downtown Crown, 20 acres of land at the Crown property in Montgomery County, Md., for a combined cost of $28 million. JBG plans to build 260,000 square feet of retail, and Bozzuto will build 538 residential units above the retail space.
Together, the companies will build two mixed-use buildings, two retail buildings, two free-standing restaurants, a bank and a grocery store.