June 04, 2013
Multifamily housing development can be a key plank in a thriving economy, insisted Tom Bozzuto, the chairman of the National Multi Housing Council, in the nation’s capital today. And, last year, there was a 50% lag between supply of new apartments and a demand level that stood at 300,000, his company, The Bozzuto Group, said.
He was speaking before a House Energy and Commerce subcommittee in Washington, D.C., according to a press release issued by the… Continue reading
June 03, 2013
The 1 million-square-foot Monroe Street Market has yet to welcome its first tenant, but the project is already paying dividends for the community.
The District on Friday announced it would provide grants of up to $5,000 to businesses along 12th Street NE for storefront improvements (more information here). The grant money comes from a $25,000 contribution from the developers — Abdo Development, Bozzuto Development and Pritzker Realty — part of an… Continue reading
June 01, 2013
Toby Bozzuto seemed headed for a career in the music industry.
The son of Thomas S. Bozzuto, a founding partner of developer The Bozzuto Group, Toby Bozzuto interned for Blues Traveler in college, working in the band's management office in Carnegie Hall. Then for two summers he worked for Sony Music Entertainment's college music division, handling grass-roots marketing in upstate New York from his dorm room.
"My fraternity brothers loved the boxes and boxes of CDs I got… Continue reading
May 10, 2013
When Tom Bozzuto founded The Bozzuto Group 25 years ago, his goal was simple: to build the best real estate company in America. There was only one way to go about getting that done.
“Your customers cannot have a good experience if your employees don’t enjoy where they work and don’t believe in what you stand for,” said Bozzuto, who leads the company’s strategy.
Tom’s son Toby, who left J.P. Morgan Chase 12 years ago and now serves as the president of… Continue reading
Multi-Housing News: The Bozzuto Group and Peterson Companies Break Ground on the Esplanade at National Harbor
May 10, 2013
Financing has been completed and construction begun on The Esplanade at National Harbor, an apartment building to be developed at National Harbor in Washington, D.C. The announcement was made by the two locally based, privately owned development companies involved in the project, Peterson… Continue reading
May 09, 2013
National Harbor has a glimmering conference center, tons of new office and retail space, and that beautiful waterfront view. (Not to mention Bobby McKeys—which is both our favorite dueling piano bar and our least favorite place to take a piano lesson.) But an apartment complex has eluded the development. Until now.
We snapped a couple of company namesakes, Bozzuto Group chairman Tom… Continue reading
May 08, 2013
On Wednesday morning, Peterson Companies and Bozzuto Development Company broke ground on The Esplanade, a 262-unit apartment building in National Harbor at 250 American Way.
While National Harbor has a few condo buildings and townhouses, The Esplanade is the first apartment complex for the area. National Harbor falls in the category of… Continue reading
May 07, 2013
The Bozzuto Group and the Peterson Cos. plan to hold a groundbreaking ceremony Wednesday on the Esplanade, the first apartment building to be developed at the National Harbor in Prince George's County.
Bozzuto and Peterson plan to spend about $70 million to develop the building at 250 American Way, which will be built by Bozzuto Construction Co. and managed by Bozzuto Management Co. The 262-unit apartment building is slated for completion… Continue reading
May 05, 2013
You can now lock in to live at one of the new apartments on Telegraph Road.
It's now possible to secure a lease at the Flats170 at Academy Yard apartments.
Bozzuto Group has opened a leasing office at the site along Telegraph Road, and residents may be able to move in later this year.
There are seven buildings under construction with 30 different floor plans with studio, one-bedroom and two-bedroom apartments. In all, Flats170 will have 369 apartments.
Flats170 boasts… Continue reading
April 16, 2013
Memorable Achievements: Working with the development group to start more than 2,500 apartment units valued at over $650 million in the past one-and-a-half to two years—the most prolific in the Mid-Atlantic developer’s 25-year history. Formulating a $150 million equity fund in partnership with Pritzker Realty Group in 2010, during the depths of the recession. Since then, Washington, D.C., has taken off as a favorite market among investors, and the wisdom of the… Continue reading