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Latest News

Baltimore Business Journal: Supply May Soon Catch up with Demand for Apartments

December 17, 2010

People need a place to lay their heads after the work day’s done, even in a recession.

That simple premise has given rise to a surge in new apartment construction in Greater Baltimore in the past three months, as developers look to take advantage of rising foreclosures, federally funded aid programs, and what most builders see as a shortage of affordable rental housing.

Permits for multifamily buildings in the Baltimore-Washington region… Continue reading

The Daily Record: National Harbor Getting Apartments

December 15, 2010

The Greenbelt-based Bozzuto Group is teaming up with fellow D.C.-area developer Peterson Cos. to bring a 350-unit apartment complex to National Harbor, the first planned rental property at the Prince George’s County mixed-use development.

Stuart Prince, the residential development director for the Peterson Cos., said his company had achieved enough of a permanent community to move ahead with plans to add rental units to the 300-acre waterfront development. He said 75… Continue reading Bozzuto, Peterson Partner on $89 Million Project

December 14, 2010

Two DC real estate families--the Bozzutos and the Petersons--are teaming up to build an apartment building at the Peterson Cos.' National Harbor mixed-use development. The development costs for the project, which will include 25,000 square feet of retail is $89 million, Toby Bozzuto tells

The project came about when the Petersons reached out to our family earlier this summer, Bozzuto says. "We jumped on the opportunity because National Harbor is an… Continue reading

Washington Post: Apartments Planned for National Harbor

December 13, 2010

The Peterson Cos. and the Bozzuto Group will partner to bring the first apartment community to National Harbor in 2013, the companies announced Monday.

National Harbor, a waterfront development of condominiums, hotels, restaurants and stores, opened in 2008 in Prince George's County.

"The site is a superb location for new development -- future residents will be just steps away from a wealth of conveniences including fine dining, recreation and shopping options, as… Continue reading

Washington Examiner: First Apartments Coming to National Harbor

December 13, 2010

Folks who can't afford to plunk down $300,000 to $1 million on a fancy condo will finally have their chance to live at National Harbor. The upscale development plans to open its first apartment building with 350 residences coming in 2013.

Peterson Cos., the National Harbor developer, is partnering with the Bozzuto Group to build the apartment community, both companies announced Monday.

The apartments will boast 25,000 square feet of street-level retail space… Continue reading

The Gazette: A First at National Harbor -- Apartments

December 13, 2010

Greenbelt developer Bozzuto to build, manage 350-unit community

As the housing market has shifted from owning to renting, National Harbor has signed up The Bozzuto Group to help develop, build and later manage the $4 billion Oxon Hill resort's first apartment community.

The joint venture between the Greenbelt housing company and National Harbor developer The Peterson Cos. of Fairfax, Va., will produce a 350-unit community, according to company officials. Touted as a… Continue reading

Multi-Housing News: Peterson and Bozzuto Partner for First National Harbor Apartments

December 13, 2010

Set on the banks of the Potomac River, since 2008 National Harbor has been advancing as a 300-acre mixed-use community of upscale restaurants, retail stores, entertainment, hotels and a marina. And with the joint venture of two DC area-based, family-owned development companies—The Peterson Companies and The Bozzuto Group—National Harbor will now have its first apartment community.

The Peterson Companies is the developer of National… Continue reading

Washington Business Journal: New Apartment Building Set for National Harbor

December 13, 2010

The Peterson Cos. and The Bozzuto Group have formed a joint venture to build 350 apartments atop retail space at the National Harbor development along the Potomac River in Prince George’s County.The $90 million residential project, slated to break ground in the fall of 2011, marks the first rental development at the sprawling 300-acre site and, as Peterson CEO Steven Peterson puts it, secures the “fourth residential food group on the site” after… Continue reading

Multifamily Executive: 8 Ways to Build a Best-in-Class Multifamily Training Program

November 11, 2010

Last month, the Bascom Group hit a major milestone: It trained its 100th real estate intern, an accomplishment that began in 1996 when the Irvine, Calif.-based multifamily firm brought on its first intern (and third employee!) to help grow the firm.

“There were no altruistic intentions in the beginning,” recalls Bascom co-founderJerry Fink. “Bascom was a startup company and had limited funds.The hiring of our first intern immediately… Continue reading

Baltimore Business Journal: Bozzuto Building 270 Apartments Atop 'Best Site' on Baltimore's Waterfront

October 22, 2010

Greenbelt developer Bozzuto Group is planning to build a 270-unit waterfront apartment building across from the Red Star Bar & Grill in Fells Point, with construction slated to begin as early as fall 2011.

The project, still in its design phase, is expected to cost between $50 million and $60 million.

“We think it’s the best site in Baltimore left to develop, certainly the best in Fells Point,” said Toby S. Bozzuto,… Continue reading