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, on… Continue reading
The Gazette: Bozzuto Construction of Greenbelt Has Signed Four New Projects Worth More Than $107 Million
December 13, 2012
The $40 million Petworth Safeway & Residences development in Washington, D.C., will include a Safeway supermarket and 218-unit apartment community, according to Bozzuto information. The $28 million renovation of Tyler House Apartments in Washington will cover 284 units. Kingsview Village Apartments is a $20 million garden-style community comprising 195 units in Germantown. The $19 million MetroTowns at Parkside will… Continue reading
December 12, 2012
Bozzuto Construction Co. anticipates putting more than $350 million to work in 2013, according to its president Mike Schlegel. "2014 looks very positive as well," he tells GlobeSt.com. In fact, he says, the company is very bullish about the next decade. "While there may be some temporary overbuilding in this market…the long term demographic forecast is outstanding for mixed-use / multifamily."
Schlegel made his comments after the company announced four development… Continue reading
December 10, 2012
An online relationship starts well before the lease is signed and can play a role in whether a renter renews.
Social media may account for just 2 percent of new leases for The Bozzuto Group, but when it comes to online engagement, the whole is not equal to the sum of its parts. Social media’s impact can’t be measured at just one point of the process.
The technology is a primary way for companies to enhance customer service and engage renters while slowly building up their brand, says… Continue reading
November 17, 2012
It has been one of the longest battles over a grocery store that many can remember.
More than 10 years after the first proposal to build a new Giant Food store was put on the table, ground finally broke.
Eleanor Oliver has lived in the Northwest neighborhood near the National Cathedral for more than 50 years. She remembers the first plans for the new store on Wisconsin Avenue.
"They were big, they were ugly, they didn't offer that much," said Oliver. "All they… Continue reading
November 15, 2012
Demolition to make way for Cathedral Commons is now underway both officially and physically. Bozzuto held a press conference this morning to celebrate work that began quietly this week to demolish two city blocks and replace it with a mixed-use development and Giant supermarket. The 4-acre, $130 million project will add an improved, larger Giant as well as 137 apartment units, 8 townhouses, and a concourse with 125,000 s.f. of street front retail space.
Construction work on… Continue reading
November 15, 2012
After a dozen years of neighborhood battles, officials broke ground on Cathedral Commons, a large new development in northwest D.C.
It was a typical 1950s shopping area – small scale with lots of parking – but it was outdated for decades. Now, after a dozen years of zoning fights, lawsuits and neighborhood battles -- one of… Continue reading
November 03, 2012
You may not realize how many substantial pieces of real estate throughout metropolitan Washington, ranging in size from a few acres to hundreds of acres, are destined for new development or redevelopment.
These ambitious projects are guided by often innovative, visionary master plans, usually capitalizing on existing or planned public infrastructure. And their development will take shape over a few decades, not just a few years.
A good starting point is Gaithersburg, in… Continue reading
October 17, 2012
A wealth of conveniences just outside residents’ front doors is the promise of Cathedral Commons, now under construction in northwest Washington, D.C. Developed by Greenbelt, Md.-based real estate services firm The Bozzuto Group, and centered around a state-of-the-art Giant Food supermarket, the mixed-use community will feature 137 apartments, eight townhomes, 128,000 square feet of retail and more than 500 parking spaces.
The $130 million project is a… Continue reading
Commercial Observer: Northwestern Mutual Provides $91 Million Construction/Permanent Financing on D.C. Development
October 16, 2012
A joint venture between Giant of Maryland and the Bozzuto Group secured $91 million in construction and permanent financing for Cathedral Commons, a 264,272-square-foot, mixed-use development in Washington, D.C.
Northwestern Mutual Life Insurance Company originated the 13-year, fixed-rate loan, a spokeswoman with HFF confirmed. HFF represented the borrower on the deal.
Construction has already started and the… Continue reading