December 12, 2011
A month after a Fells Point waterfront property was sold by a local developer to the Bozzuto Group for $9.5 million, the builders are moving forward with construction of a 281-unit luxury apartment mixed-use complex this week.
Union Wharf is scheduled for a groundbreaking ceremony Tuesday morning, said Jeff Kayce, a Bozzuto vice president in charge of the Baltimore development, but site development and an environmental cleanup is already underway.… Continue reading
December 08, 2011
Giant Food of Landover, Md., has picked the Bozzuto Group as partner for its development of Cathedral Commons, a mixed-use project in northwest Washington, D.C. The project will include 137 apartment units and eight townhomes, more than 500 parking spaces, and 128,000 square feet of retail anchored by a redeveloped Giant Food supermarket location.
Cathedral Commons will be on about four acres on Wisconsin Avenue between Macomb St. and Idaho Ave.,… Continue reading
December 05, 2011
District-based The Bozzuto Group has been tapped by Giant Food LLC to develop the Cathedral Commons mixed-use project in Northwest D.C.
The $125 million, two-block project -- which will include 137 apartment units, eight townhomes and more than 500 parking spaces -- will replace a long-obsolescent Giant Food store on Wisconsin Avenue and bring to a close a long and contentious fight from some residents of the Cleveland Park and Cathedral… Continue reading
December 04, 2011
The Bozzuto Group has acquired a stake in a promising parcel of land that has been subject to one of the District’s longest-running development debates.
The Greenbelt-based homebuilder has been selected by Giant Food as a development partner for the grocer’s $125 million mixed-use project on Wisconsin Avenue Northwest, where it will attempt to finally break ground on plans that have been in the works since 1999.
Built more than 50 years ago, the… Continue reading
November 18, 2011
Greenbelt developer on regional building boom
The privately held firm said it expects to begin construction next year on the Esplanade, a 371-unit mixed-use apartment community that will be the first residential rental property in National Harbor in Oxon Hill.
The Peterson Cos. of Fairfax, Va., the master developer of National Harbor, is a partner in the joint venture.
The Esplanade is designed to play up the riverside appeal of the Prince George's… Continue reading
November 17, 2011
What goes up must come down.
That’s the tale of monthly multifamily housing unit starts, which have traditionally shown volatility due to seasonality and the long-term nature of obtaining permitting and approval for apartment communities. Today, the National Association of Home Builders (NAHB) announced an 8.3 percent decline in multifamily starts in October, following an “unsustainably large gain” of 51.3 percent in August.
The good news is that the annualized… Continue reading
November 14, 2011
Ground has been broken for the multi-phase, multi-use Monroe Street Market in Washington, D.C., which will include 720 multifamily residential units and 45 townhomes, along with a number of commercial property uses. The goal, according to developers The Bozzuto Group, Abdo Development and Pritzker Realty Group, is to create college-town-style Main Street.
That’s a fitting notion, since the development is located on 8.9 acres of Catholic University’s campus in… Continue reading
November 11, 2011
Bozzuto Group is building a 298-unit apartment complex at the new phase of the Waugh Chapel retail project in Gambrills.
The Greenbelt developer broke ground Nov. 7 on The Arcadian at Waugh Chapel, a $57 million, four-story building at Greenberg Gibbons Commercial Corp.’s Waugh Chapel Towne Centre.
The 1.2-million-square-foot mixed use complex rising off Crain Highway in Anne Arundel County will be anchored by Target, Wegmans and a… Continue reading
November 10, 2011
Catholic University, developer Jim Abdo and partners from Bozzuto and Pritzker Realty celebrated the groundbreaking of Catholic University’s Cardinal Hall Wednesday, a project that will deliver 720 residential units, 80,000 square feet of retail and 15,000 square feet of artists’ studio space.
In short, it is an attempt to create a college main street for a university that is next to the Brookland Metro station but which has nothing of the sort. As… Continue reading
November 09, 2011
Monroe Street Market — a $200 million mixed-use development on The Catholic University of America’s southern edge — will unite the University and surrounding neighborhoods, several speakers said this morning during a groundbreaking ceremony for the project.
The University has partnered with developer Abdo Development, residential real estate company The Bozzuto Group, and real estate investment company Pritzker Realty Group on the project, which will… Continue reading