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Latest News

HousingWire: NMHC Chair Cites Multifamily Strength Amid Supply 'Lag'

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

Washington Business Journal: Monroe Street Market Pays Off for Brookland

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

Baltimore Sun: Five Questions for Toby Bozzuto

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

Washington Business Journal: Giving Employees the Chance to Fly

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.

Toby Bozzuto, left, rings a “bell of accomplishment” used when the company celebrates major milestones as his father, Tom, and employees look on.

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

http://www.multihousingnews.com/news/the-bozzuto-group-and-peterson-companies-break-ground-on-the-esplanade-at-national-harbor

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

Bisnow DC: National Harbor Adds Missing Link

May 09, 2013

http://www.bisnow.com/commercial-real-estate/washington-dc/national-harbor-adds-missing-link/

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

DCMud: Renderings Released of National Harbor’s First Apartment Project, Delivery in 2015

May 08, 2013

http://dc.urbanturf.com/articles/blog/groundbreaking_today_of_the_esplanade_in_national_harbor/7037

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

Washington Business Journal: Bozzuto to Break Ground on National Harbor Apartments

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

Odenton-Severn Patch: Flats170 Now Accepting Leases

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

Commercial Property Executive: Stars to Watch -- Toby Bozzuto

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