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
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.
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
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
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
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
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
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.… Continue reading
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