July 17, 2012
JBG Rosenfeld Retail and the Bozzuto Group have closed on a $28 million land acquisition in Gaithersburg for the development of Downtown Crown, a mixed-use project slated to include a Harris Teeter-anchored retail center and nearly 540 apartments.
The developers plan to start site work later this month on the 20-acre development, which will feature an LA Fitness LA Fitness Latest from The Business Journals JBG Rosenfeld, Bozzuto pay… Continue reading
July 01, 2012
Homeownership may be the American dream, but living in rental housing is today’s reality. According to the National Multi Housing Council (NMHC), nearly one-third of American households rent, and more than 14 percent of households live in rental apartments. We spoke with NMHC Chairman Thomas S. Bozzuto about his priorities for the council during his two-year term as chair, as well as his perspective on overall multifamily-market… Continue reading
June 06, 2012
The Bozzuto Group is focusing on Baltimore and Washington, D.C’s Northeast Brookland neighborhood as some of the hotspots for Gen Y renters in upcoming years.
By building modern, luxurious properties where resident safety is a priority, the company hopes to revitalize some of the landscape in those areas, while still maintaining a city feel for residents. Here’s a look at Bozzuto’s developing Union Wharf and Monroe Street Market properties:
The… Continue reading
June 01, 2012
Bozzuto Group found its niche building high-end apartments that cater to upscale yuppies in the Greater Baltimore and Washington, D.C., markets.
Now, the $1.1 billion company, known for building the Fitzgerald near the University of Baltimore, is looking north to the Philadelphia area to help fuel its growth.
“We think it’s a great market,” said Toby Bozzuto, president of Bozzuto Group’s development division.… Continue reading
Washington Post: This Real Estate Firm is Looking for Veterans Who Can Keep Their Cool Under Pressure
May 26, 2012
Tom Bozzuto is the 65-year-old chairman of the Bozzuto Group, the Greenbelt-based real estate company that employs 1,200 people, many of them veterans.
Bozzuto, a Vietnam veteran, hires fellow service veterans for two reasons: first, they make great employees; second, he has an idea of what they have gone through and wants to help. But Bozzuto, whose company owns or manages tens of thousands of apartments between Boston… Continue reading
May 01, 2012
As more cities enact inclusionary zoning laws, the trend of mixed-income development continues to grow stronger.
But deep levels of income mixing require deep rosters—a gathering of different skill sets—and some developers are uncovering more opportunities by partnering with nonprofits.
Though it’s known as a luxury developer, about 10 percent of the Bozzuto Development Co.’s portfolio is mixed-income. And the developer often… Continue reading
April 26, 2012
The Bozzuto Group has committed to matching 100 percent of the electricity used at its corporate headquarters with renewable energy from U.S. wind projects.
This commitment to green power will be achieved through the purchase of Green-e Energy Certified Renewable Energy Certificates (RECs) from 3Degrees, a renewable energy certificate and carbon offset provider to wholesale and retail customers.
The RECs ensure that for every megawatt hour of electricity used at… Continue reading
April 12, 2012
ARLINGTON, Va. - Doors have officially swung open on the 116-unit vPoint, a high-rise, mixed-income residential development situated a half block for the Clarendon Metro station.
The eight-story apartment building was co-developed by Bozzuto Development Co. and Chesapeake Community Advisors in partnership with Arlington County, Virginia Housing Development Authority (VHDA), and The Views at Clarendon Corp. The class A project was designed for LEED Silver… Continue reading
April 05, 2012
The biggest surge of Seattle-area apartment construction in a quarter century is threatening to undercut the growth in rents, a trend that’s also emerging in such U.S. cities as Washington and Houston.
Seattle went from “dead last” in rent increases three years ago, following the collapse of mortgage lender Washington Mutual Inc. (WAMUQ), to 13th out of 88 markets last year, according to Axiometrics Inc., a multifamily real estate research company.… Continue reading
March 23, 2012
The biggest challenge for the Bozzuto Group in building Union Wharf was figuring out where to put the construction trailers. The 3.5-acre site in Fells Point is hemmed in by development on three sides and borders the harbor on the other. To make matters trickier, workers at a nearby office building park about 130 cars at the site, and Bozzuto agreed to let them continue to park there during the construction. That left even less… Continue reading