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The Capital: Bozzuto Completes Sale of West Street Townhomes

October 16, 2012

All 23 townhomes and a duplex scheduled to be part of the new Uptown at Murray Hill housing development on West Street have been pre-sold, according to developer Bozzuto Group.

Bozzuto spokeswoman Cathy Leaning said the presell “has everything to do with the quality of our houses and the location of our houses.” Leaning said construction of the development, which started earlier this year, is scheduled to conclude in the summer of 2013.

Uptown at Murray Hill, which… Continue reading Financing in Hand, Cathedral Commons Moves Forward

October 16, 2012

The Bozzuto Group recently broke ground on a mixed-use project in Northwest DC, Cathedral Commons, having secured $91 million in construction and permanent financing. Cathedral Commons will include 137 apartments, eight townhomes, 128,000 square feet of retail, and more than 500 parking spaces. The project will be anchored by a 56,000-square-foot Giant Food. The $130-million project is a joint venture between Bozzuto Development, Southside Investment Partners and… Continue reading

Multi-Housing News: Bozzuto Begins a Mixed-Use Project in D.C.

October 04, 2012

The Bozzuto Group has broken ground on its latest development, Cathedral Commons, a mixed-use asset that will include 137 apartments, eight townhomes, 128,000 square feet of retail and more than 500 parking spaces. The development is centered around a state-of-the-art Giant Food.

“Through Cathedral Commons, we will create in Northwest Washington, D.C. a mixed-use community where residents can enjoy a wealth of conveniences just outside their front door,” says Tom… Continue reading

Washington Times: New in Maryland -- Uptown at Murray Hill

October 04, 2012

Bozzuto Homes is building 30 townhomes and single-family homes on sites of 5,900 to 7,500 square feet at Uptown at Murray Hill in Annapolis, within walking distance of Church Circle, City Dock and Park Place. Uptown at Murray Hill includes a community pocket park.

Each single-family home in this Anne Arundel County community will include a brick-and-cement-siding exterior, a bay window with a metal roof, professional landscaping, and a two-car garage.

Inside, all four… Continue reading

The Gazette: Housing Executive Bozzuto Leads the National Rental Industry

September 14, 2012

While the home sales market may still be struggling to recover from the crash of five years ago, the rental industry is flourishing, and at the center of the boom is Thomas S. Bozzuto.

Bozzuto, 65, is chairman and CEO of the Bozzuto Group, a privately held integrated real estate services organization that generates about $1 billion in annual revenues. Spread over six companies, the Greenbelt enterprise comprises management, homebuilding, construction,… Continue reading

Washington Post: A Renter’s Respite -- In Washington Area, Thousands of New Units to Open Soon

August 09, 2012

The weary apartment hunters of Washington, who have been plagued in recent years by rising rents, fewer vacancies, pickier landlords and periodic bidding wars, are about to get a welcome respite.

Thousands of new rental units under construction are scheduled to open in the coming months, the first such wave of new building in the area since the financial crisis hit in 2008.

The coming surge — a whopping 6,000 new units by the end of this… Continue reading JBG Retail, Bozzuto Prep for Gaithersburg Development

July 23, 2012

JBG Rosenfeld Retail and The Bozzuto Group have acquired 20-acres of land here with plans to build a mixed-use development consisting of retail and multifamily units. The land traded for $28 million.

JBG Rosenfeld Retail plans to build 260,000 square feet of retail. The Bozzuto Group acquired the multifamily development rights with plans of building 538 apartments above the retail. The property is located in Crown—a new 182-acre master-planned community located… Continue reading

Commercial Property Executive: JBG, Bozzuto Partner on Land Purchase for Mixed-Use Suburban D.C. Project

July 19, 2012

With the closing of a recent land transaction, The Bozzuto Group and JBG Rosenfeld Retail have taken a big step forward in their plan for a mixed-use development at Crown, a 182-acre master-planned community just outside of Washington, D.C., in Gaithersburg, Md. The team shelled out a total of $28 million on the acquisition of 20 acres for their project, Downtown Crown, which will yield 538 apartments and 260,000 square feet of… Continue reading

Multi-Housing News: JGB Rosenfeld Retail and The Bozzuto Group to Build ‘True Town Center’

July 19, 2012

JBG Rosenfeld Retail and The Bozzuto Group have closed on Downtown Crown, 20 acres of land at the Crown property in Montgomery County, Md., for a combined cost of $28 million. JBG plans to build 260,000 square feet of retail, and Bozzuto will build 538 residential units above the retail space.

Together, the companies will build two mixed-use buildings, two retail buildings, two free-standing restaurants, a bank and a grocery store.

The… Continue reading

Washington Business Journal: JBG Rosenfeld, Bozzuto Pay $28 Million for Gaithersburg Site

July 17, 2012

JBG Rosenfeld Retail and the Bozzuto Group have closed on a $28 million land acquisition in Gaithersburg for the development of Downtown Crown, a mixed-use project slated to include a Harris Teeter-anchored retail center and nearly 540 apartments.

The developers plan to start site work later this month on the 20-acre development, which will feature an LA Fitness LA Fitness Latest from The Business Journals JBG Rosenfeld, Bozzuto pay million… Continue reading