June 03, 2013
A once dilapidated housing community in Southwest Baltimore is getting new life with a $238 million overhaul that will include 763 apartments and homes.
The new Uplands community replaces the old Uplands Apartments, a community of 979 subsidized apartments on Route 40 near Edmonson Village. The project had been stalled for more than a decade thanks to the recession, challenges to the bid process and lawsuits by residents and property owners.
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 30, 2013
Early next week, the $238 million Uplands residential development on the city’s West Side will officially open.
The development is on property that once was a 979-unit troubled, subsidized apartment complex off Route 40 west that was bought by the city in 2004.
Replacing it on a total of 63 acres is the new community that, when built out, will have 761 residences including townhouses, semi-detached houses and apartments. The development broke ground in October… 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
April 26, 2013
Programs put a portion of monthly rental payments toward buying a house
In the long-standing debate between renting and owning, Ashley and Matthew Klein may have found the best of both worlds.
The Annapolis, Md., couple have rented a one-bedroom at Bozzuto’s Mariner Bay apartments since 2010 (1910 Towne Centre Blvd., Annapolis, Md.; 877-584-6145). When they decided to buy, they learned they could get credit for all those months of rent checks — to the tune of… 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
February 25, 2013
The Bozzuto Group announced several changes to its leadership team last week that could set the stage for homebuilder Tom Bozzuto to hand the reigns of one of the Washington region’s largest private companies to his son.
Bozzuto, ranked by the Washington Business Journal as Greater Washington’s eighth-largest company with $1.1 billion in 2011 revenue, announced Feb. 20 that Toby Bozzuto will step into a newly created position as company president.… Continue reading
February 21, 2013
A longtime Bozzuto Group leader is stepping down, and a pair of up-and-coming executives are taking on new roles with the company.
John Slidell, a co-founder, vice chairman and president of Bozzuto Land Co., will step down April 5. Slidell will remain involved as an owner and investor and will represent the company in "select endeavors," according to a statement released by the company. He is scaling back his involvement to "pursue other interests," the… Continue reading
January 15, 2013
Greenbelt-based Bozzuto Group will start construction this spring on a condo development at 460 New York Ave. NW.
Bozzuto is redeveloping an existing 11-story building at the corner of New York Avenue and L Street into a 63-unit condo that will include studio, one-bedroom and one-bedroom plus den units.
The building will include a vertical lift parking system in its first two floors, with 36 parking spaces.
WDG Architecture is the architect of record.… Continue reading
December 17, 2012
The Post 200 is an annual snapshot of the companies, law firms, nonprofits and other organizations that power our local economy. Here's a look at this year's list.
Working off of an apartment development fund that it formed with Pritzker Realty, Bozzuto has been lining up apartment development projects throughout the region to take advantage of the local apartment boom. It is planning or building projects at National Harbor,… Continue reading