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Latest News

Multi-Housing News: Bozzuto Development Co. Promotes Toby Bozzuto to President

January 07, 2009

Bozzuto Development Co. has promoted Toby Bozzuto (pictured) to president of the company. Previously, Bozzuto served as executive vice president of this subsidiary of The Bozzuto Group, which was co-founded and is led by Thomas Bozzuto, Toby Bozzuto’s father.

“[Toby] brings a tremendous level of industry knowledge to Bozzuto,” says Rick Mostyn, chief operating officer, The Bozzuto Group. “His innovative approach to development has been integral… Continue reading

Multifamily Executive Magazine: Tom Bozzuto Receives Lifetime Achievement Award, Urges Reinvention

December 08, 2008

Tom Bozzuto, CEO of The Bozzuto Group, who was honored Wednesday night as winner of ULI Washington's annual Lifetime Achievement Award, called on the development community to reinvent itself in order to survive the current economic crisis.

Nearly 650 people gathered between the massive floor-to-ceiling pillars at the National Building Museum to recognize what attendees called the creativity, integrity, pursuit of perfection,… Continue reading

The Gazette: MetroPointe Opens with Affordable Apartments, Housing for Disabled

November 19, 2008

The MetroPointe apartments in Wheaton have opened their doors to residents of all income levels as well as disabled citizens.

The project, a joint effort from the Montgomery County Housing Opportunities Commission and Bozzuto Development, combines luxury housing with affordable voucher units and handicapped accessible rooms.

"You cannot tell the affordable units from the market-rate units," said Maryann Dillon, the director of real estate for… Continue reading

The Gazette: What Credit Crunch? Bozzuto Venture Gets $75M in Financing for Project

October 03, 2008

A venture group led by The Bozzuto Group of Greenbelt has completed the financing and begun construction on The Fitzgerald at UB Midtown, a mixed-use development in Baltimore. The financing consists of a $52 million construction loan provided by Bank of America and RBS Citizens, plus $23 million in equity funded primarily by New York State Teachers' Retirement System.

The Fitzgerald is a joint venture between The Bozzuto Group, Gould… Continue reading

Commercial Property News: Bozzuto Finds $75M for Baltimore Mixed-Use Project

October 02, 2008

The Bozzuto Group has secured a $75 million construction-financing package and begun work on The Fitzgerald at UB Midtown, a mixed-use community going up on 4.6 acres owned by the University of Baltimore in the heart of Baltimore’s cultural district.

The financing consists of a $52 million construction loan provided by Bank of America and RBS Citizens and $23 million equity investment funded primarily by the New York State Teachers’ Retirement… Continue reading

Baltimore Sun: Loan OK'd for Midtown Apartments

October 01, 2008

Developers of a proposed $75 million luxury apartment building in midtown Baltimore have secured financing and started construction on the project near the University of Baltimore.

The Bozzuto Group, which will develop and manage the Fitzgerald at UB Midtown in a venture with the university and other partners, said yesterday that it obtained a $52 million construction loan from Bank of America and RBS Citizens and $23 million in equity funded by the New York State Teachers'… Continue reading

The Daily Record: $75M Mixed-Use Fitzgerald Development Moves Forward

September 30, 2008

One of midtown Baltimore’s high-profile residential projects is moving forward, as developers have secured financing for the $75 million Fitzgerald at UB Midtown apartment complex despite an icy credit market.

The Greenbelt-based Bozzuto Group announced Tuesday that it has begun construction on the Fitzgerald, a 280-unit apartment complex that will be built on land leased from the University of Baltimore. The project is scheduled for completion in 2010,… Continue reading