Latest News

Towson Times: As Towson Green Takes Shape, Neighbors Satisfied...So Far

July 09, 2012

Bozzuto development marketing trio of Burke Avenue models

Three model homes within Towson Green, the Bozzuto Group's new Towson housing development, are open to the public, showcasing what life could be like in the new town houses off Burke Avenue, east of York Road.

Many community members who were involved in early discussions about the $10.3 million project — and who had a hand in influencing Bozzuto's plans — have seen the models.

Ed Kilcullen, a vice… Continue reading

Scotsman Guide: Q&A with Thomas S. Bozzuto, Chairman, National Multi Housing Council

July 01, 2012

Homeownership may be the American dream, but living in rental housing is today’s reality. According to the National Multi Housing Council (NMHC), nearly one-third of American households rent, and more than 14 percent of households live in rental apartments. We spoke with NMHC Chairman Thomas S. Bozzuto about his priorities for the council during his two-year term as chair, as well as his perspective on overall multifamily-market conditions.

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Multifamily Executive: Bozzuto Designs Latest Developments With Gen Y in Mind

June 06, 2012

The Bozzuto Group is focusing on Baltimore and Washington, D.C’s Northeast Brookland neighborhood as some of the hotspots for Gen Y renters in upcoming years.

By building modern, luxurious properties where resident safety is a priority, the company hopes to revitalize some of the landscape in those areas, while still maintaining a city feel for residents. Here’s a look at Bozzuto’s developing Union Wharf and Monroe Street Market properties:

The Union… Continue reading

Baltimore Business Journal: Bozzuto Expands in Philadelphia With $120M Apartment Plan

June 01, 2012

Bozzuto Group found its niche building high-end apartments that cater to upscale yuppies in the Greater Baltimore and Washington, D.C., markets.

Now, the $1.1 billion company, known for building the Fitzgerald near the University of Baltimore, is looking north to the Philadelphia area to help fuel its growth.

“We think it’s a great market,” said Toby Bozzuto, president of Bozzuto Group’s development division. Bozzuto,… Continue reading

Washington Post: This Real Estate Firm is Looking for Veterans Who Can Keep Their Cool Under Pressure

May 26, 2012

Tom Bozzuto is the 65-year-old chairman of the Bozzuto Group, the Greenbelt-based real estate company that employs 1,200 people, many of them veterans.

Bozzuto, a Vietnam veteran, hires fellow service veterans for two reasons: first, they make great employees; second, he has an idea of what they have gone through and wants to help. But Bozzuto, whose company owns or manages tens of thousands of apartments between Boston and… Continue reading

Apartment Finance Today: Partnering for Public Purpose, and Profits, in Mixed-Income Development

May 01, 2012

As more cities enact inclusionary zoning laws, the trend of mixed-income development continues to grow stronger.

But deep levels of income mixing require deep rosters—a gathering of different skill sets—and some developers are uncovering more opportunities by partnering with nonprofits.

Though it’s known as a luxury developer, about 10 percent of the Bozzuto Development Co.’s portfolio is mixed-income. And the developer often finds… Continue reading

The Bozzuto Group Commits HQ to 100 Percent Wind Power

April 26, 2012

The Bozzuto Group has committed to matching 100 percent of the electricity used at its corporate headquarters with renewable energy from U.S. wind projects.

This commitment to green power will be achieved through the purchase of Green-e Energy Certified Renewable Energy Certificates (RECs) from 3Degrees, a renewable energy certificate and carbon offset provider to wholesale and retail customers.

The RECs ensure that for every megawatt hour of electricity used at Bozzuto's… Continue reading

The Annapolis Capital: Bozzuto to Build 30 Homes on Long Vacant West St. Lot

April 25, 2012

After nearly two decades as a vacant, grassy interruption in downtown’s commercial district, 213 West St. will soon have 30 new homes.

In July, Bozzuto Homes will start building 23 townhomes starting at $400,000 and five single-family homes starting at $680,000 at the former site of The Evening Capital’s offices. This comes nearly a year after the city agreed to allow development of the property without first-floor retail.

The former Darden’s Car Care… Continue reading

Citybiz Real Estate DC: Bozzuto JV Unveils 116-Unit vPoint

April 12, 2012

ARLINGTON, Va. - Doors have officially swung open on the 116-unit vPoint, a high-rise, mixed-income residential development situated a half block for the Clarendon Metro station.

The eight-story apartment building was co-developed by Bozzuto Development Co. and Chesapeake Community Advisors in partnership with Arlington County, Virginia Housing Development Authority (VHDA), and The Views at Clarendon Corp. The class A project was designed for LEED Silver certification.

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Bloomberg News: Seattle Signals Glut Risk as Apartment Construction Rises

April 05, 2012

The biggest surge of Seattle-area apartment construction in a quarter century is threatening to undercut the growth in rents, a trend that’s also emerging in such U.S. cities as Washington and Houston.

Seattle went from “dead last” in rent increases three years ago, following the collapse of mortgage lender Washington Mutual Inc. (WAMUQ), to 13th out of 88 markets last year, according to Axiometrics Inc., a multifamily real estate research company. The… Continue reading