January 09, 2012
Developers are targeting recession-minded renters as well as innovative funding sources with multifamily housing projects that emphasize amenities and community.
Looking at renderings of Union Wharf, a project that broke ground in December in Baltimore’s historic Fells Point waterfront community, it’s difficult at first to decipher who the project serves. The mid-rise structure could be a resort, with its infinity pool and yoga studio overlooking the city’s harbor. It could be a boutique… Continue reading
December 15, 2011
In the space of only eight days, the Greenbelt, Md.-based Bozzuto Group announced nearly $200 million in new development across two marquee projects in the Baltimore and Washington, D.C., metros. The first, Cathedral Commons, a mixed-use development to be anchored by a state-of-the-art Giants grocery store across the street from the National Cathedral is set to begin construction in early 2012. In addition to the… Continue reading
December 14, 2011
The Bozzuto Group broke ground yesterday on Union Wharf, a $72 million mixed-use waterfront community located in Baltimore’s Fells Point neighborhood. The project will bring 281 upscale units and 4,500 square feet of retail to the area upon completion.
The development is being financed in part through a partnership between Bozzuto, CIGNA and Pritzker Realty Group, a Chicago-based real estate investment company, and a construction loan from PNC Real Estate.
“The Union… Continue reading
December 13, 2011
The Bozzuto Group broke ground Tuesday on Union Wharf, a $72 million residential and retail development along the Fells Point waterfront.
Union Wharf will include 281 apartments, 4,500 square feet of retail space and nearly 500 parking spaces. The upscale residential project is located at the intersection of Thames and South Wolfe streets.
The undeveloped site overlooks the Inner Harbor on the eastern edge of the Fells Point peninsula. The… Continue reading
December 13, 2011
The Bozzuto Group, long interested in building apartments on a parcel alongside the Fells Point waterfront, is officially breaking ground there today for a 281-unit upscale complex.
The project, part of the Union Wharf mixed-use development, will include nearly 5,000 square feet of commercial space that Bozzuto expects will be used by a restaurant.
The apartment market is yin to the housing-market yang, with rents rising and vacancies improving over the last… Continue reading
December 12, 2011
A month after a Fells Point waterfront property was sold by a local developer to the Bozzuto Group for $9.5 million, the builders are moving forward with construction of a 281-unit luxury apartment mixed-use complex this week.
Union Wharf is scheduled for a groundbreaking ceremony Tuesday morning, said Jeff Kayce, a Bozzuto vice president in charge of the Baltimore development, but site development and an environmental cleanup is already underway.… Continue reading
December 08, 2011
Giant Food of Landover, Md., has picked the Bozzuto Group as partner for its development of Cathedral Commons, a mixed-use project in northwest Washington, D.C. The project will include 137 apartment units and eight townhomes, more than 500 parking spaces, and 128,000 square feet of retail anchored by a redeveloped Giant Food supermarket location.
Cathedral Commons will be on about four acres on Wisconsin Avenue between Macomb St. and Idaho Ave.,… Continue reading
December 05, 2011
District-based The Bozzuto Group has been tapped by Giant Food LLC to develop the Cathedral Commons mixed-use project in Northwest D.C.
The $125 million, two-block project -- which will include 137 apartment units, eight townhomes and more than 500 parking spaces -- will replace a long-obsolescent Giant Food store on Wisconsin Avenue and bring to a close a long and contentious fight from some residents of the Cleveland Park and Cathedral… Continue reading
December 04, 2011
The Bozzuto Group has acquired a stake in a promising parcel of land that has been subject to one of the District’s longest-running development debates.
The Greenbelt-based homebuilder has been selected by Giant Food as a development partner for the grocer’s $125 million mixed-use project on Wisconsin Avenue Northwest, where it will attempt to finally break ground on plans that have been in the works since 1999.
Built more than 50 years ago, the… Continue reading
November 18, 2011
Greenbelt developer on regional building boom
The privately held firm said it expects to begin construction next year on the Esplanade, a 371-unit mixed-use apartment community that will be the first residential rental property in National Harbor in Oxon Hill.
The Peterson Cos. of Fairfax, Va., the master developer of National Harbor, is a partner in the joint venture.
The Esplanade is designed to play up the riverside appeal of the Prince George's… Continue reading