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Latest News

Multifamily Executive Magazine: The 10 Most Influential Executives of the Decade

December 21, 2009

The past decade has seen a number of apartment industry chieftains who have emerged to leave their mark on the multifamily sector. As a result, Multifamily Executive consulted its Linkedin and Twitter followers, as well as industry experts, for recommendations. Here are the 10 individuals that wielded the greatest influence in the 2000s:

  • Sam Zell, chairman, Equity Residential
  • Ron Terwilliger, former chairman, Trammell Crow Residential
  • Continue reading

Multifamily Executive Magazine: MetroPointe -- Project of the Year, Mixed-Income

November 05, 2009

Affordable housing that doesn’t look like affordable housing has been a mantra of progressive developers for some time, but what about affordable housing that is actually market-rate housing?

That was the goal with MetroPointe, a 173-unit community with 53 income-restricted units where residents across all income brackets share the same amenities and accoutrements of a Class A-plus, transit-oriented apartment community. Mission accomplished,… Continue reading

Washington Business Journal: Bozzuto Group's MetroPointe at Wheaton Metro Named Mixed-Income Project of the Year

October 22, 2009

Multifamily Executive Magazine gave Bozzuto Development Company major kudos for its MetroPointe at Wheaton Metro project. The magazine called MetroPointe the mixed-income project of the year at it's 2009 Multifamily Executive and Developer Awards ceremony in Las Vegas.

The 173-unit MetroPointe project is the result of a partnership between Bozzuto and the Montgomery County Housing Opportunities Commission.

Continue reading

Washington Business Journal: Bozzuto Group Breaks Ground on The Views at Clarendon in Arlington County

October 15, 2009

Bozzuto Development Company and Chesapeake Community Advisors will finally break ground Saturday on The Views at Clarendon, a hotly debated — and long delayed — project in Arlington.

The $40 million development will include 46 market-rate apartments and 70 affordable rental units that will be a mix of studios, one, two and three-bedrooms.

The first two stories of the 10-story building will be used for the First Baptist… Continue reading

Reading Eagle: Upscale Apartment Complex Opens in Wyomissing

September 16, 2009

Owners of 100 Park at Wyomissing Square say that more people are turning to renting

Another piece of the Wyomissing Square development, the $49 million apartment complex 100 Park at Wyomissing Square, has fallen into place.

Don Tracy, development manager for Bozzuto Development, Greenbelt, Md., said 100 Park, named for its address at 100 N. Park Road, is leasing and that he expects the 248-unit complex, where finishing touches still were being completed… Continue reading

Washington Post: Churches Look to Residential Real Estate to Support Congregations

August 08, 2009

The new apartments in Landover have all the features one expects to find in a luxury complex. There's a state-of-the-art fitness center, a quiet courtyard, nine-foot ceilings and oversize windows.

Residents can use a theater, a barbershop, a beauty salon -- even a chapel.

Yes, a chapel.

The small church, with its plush blue seats, ornate fixtures and pulpit, was included in the architectural plans at the request of the developer: Jericho… Continue reading

Reading Eagle: Apartment Units Expected to be Available Soon at New Wyomissing Retail-Residential Complex

April 25, 2009

Developers of a $49 million residential and retail project in Wyomissing expect to start renting apartments as early as this summer.

Construction of the Wyomissing Square development at Park Road and Hill Avenue is nearly finished.

The project is a combination of upscale apartments, a hotel and retail space adjacent to Viva Good Life Bistro & Lounge.

Brickstone Realty, a Philadelphia company developing the site,… Continue reading

The Gazette: Bozzuto is Taking ‘The Next Step'

January 16, 2009

Developer gained experience before joining family firm

Stepping directly into the family business could have been easy for Thomas S. "Toby" Bozzuto Jr., but the new president of Bozzuto Development Co. wanted to have more than just the family name behind him. He wanted experience.

Bozzuto, 34, has worked at Bozzuto Development, the apartment development operation of The Bozzuto Group, since 2001. He was named president of Bozzuto Development last week.

"It's time for him to… Continue reading

Multi-Housing News: Q&A with Toby Bozzuto -- We Will Focus on Becoming a Stronger Company During a Slow 2009

January 15, 2009

Bozzuto Development Co. recently promoted Toby Bozzuto to president. Previously, he served as executive vice president. Bozzuto joined the company in 2001 and in 2007 was named a partner of The Bozzuto Group of companies. He was previously a financial analyst with J.P. Morgan Chase’s Real Estate Debt Group, and was also with Columbia National Real Estate Finance.

He talks to MHN Online News Editor Anuradha Kher… Continue reading

Baltimore Business Journal: Bozzuto Development Co. Taps Parent Company Scion as President

January 07, 2009

Toby Bozzuto has been named president of Bozzuto Development Co., a Greenbelt real estate firm which has developed a range of housing projects in Greater Baltimore.

Bozzuto Development is a subsidiary of the Bozzuto Group, a combination of six companies including Bozzuto Management Co. and Bozzuto Land Co. The company is run by Thomas S. Bozzuto, who is also the father of Toby Bozzuto.

“Toby brings a tremendous level of… Continue reading