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Multi-Housing News: Green Incentives for Brownfield Development

July 21, 2011

Green building and brownfield development are walking hand-in-hand these days, with urban infill projects likely to take a lead in the multi-housing comeback. The availability of land close to urban transit centers is diminishing, and the existing sites near these hubs are often perceived as being environmentally challenged.

At the same time, public sector incentives are poised to play an even more important role as catalysts that can fill funding gaps. In addition… Continue reading

Baltimore Business Journal: StonebridgeCarras, Bozzuto Plan $75M Complex in Odenton

July 01, 2011

Two local developers are teaming up on a $75 million redevelopment of the former Nevamar formica plant in Odenton, where they’re hoping to tap into a rising demand for apartments.

StonebridgeCarras and the Bozzuto Development Group plan to break ground this fall on the Flats 170 at Academy Yards, a 369-unit apartment complex at Telegraph and Annapolis roads in Anne Arundel County. The apartments are just the first phase of the 55-acre site’s… Continue reading

Multifamily Executive: Pop Quiz: Q&A with Bozzuto's Julie Smith on Rapid Q1 Growth

June 16, 2011

To say the folks at Greenbelt, Md.-based Bozzuto Management were busy in the first quarter would be an understatement. The company added about 3,200 new units to its management portfolio in the quarter.

About 20 percent of those additions were expected, with the opening of three new properties in the Washington, D.C., area. But Julie Smith, president of Bozzuto Management Co, says the other 80 percent of the additions were through property… Continue reading

Gazette: State Works Toward Building Big — and Green

June 10, 2011

Maryland companies working to make state leader in green building

Constructing more energy-efficient and environmentally friendly buildings is becoming a major money-maker for some Maryland companies.

For example, Morgan-Keller Construction in Frederick says the percentage of its “green” building projects has jumped from 25 percent to more than 75 percent during the last few years.

But overall, Montgomery, Prince George’s, Frederick and Charles counties collectively ranked… Continue reading

Baltimore Business Journal: Luxury Fells Point Apartment Project Pushes Forward

June 03, 2011

Greenbelt developer Bozzuto Group plans to break ground in September on a $68 million apartment complex in Fells Point, marking the home builder’s largest start since 2008.

Bozzuto subsidiary Bozzuto Development Group plans to seek building permits in the next few weeks for Union Wharf, a 281-unit project to be built at Thames and Wolfe streets. The Baltimore City Planning Commission approved final designs for the project May 19.

Bozzuto… Continue reading

Multifamily Executive: The New Old Money -- Pritzker Realty Group Rebuilding Apartment Portfolio

June 02, 2011

Additional joint-venture funds could be forthcoming from Chicago-based high net-worth investors.

With two joint-venture funds currently deploying equity into multifamily investments across the Eastern United States, Chicago-based Pritzker Realty Group could be adding similar JVs in the West as the company borne from the Pritzker family that founded Hyatt International in 1922 looks to rebuild its apartment portfolio after selling off… Continue reading

The Daily Record: Urban Land Institute Honors The Fitzgerald

May 23, 2011

The Fitzgerald, a mixed-use residential and retail development in Baltimore’s Mount Vernon cultural district, has been named as one of 10 winners in the Urban Land Institute’s Awards for Excellence: The Americas competition.

More than 140 entries throughout North and South America competed for the prestigious award, which is widely recognized as the land use industry’s most prestigious recognition program. The Fitzgerald, built on 4.6 acres of land owned by the… Continue reading

Multi-Housing News: Bozzuto Achieves New LEED Certifications

May 23, 2011

The Bozzuto Group has garnered the U.S. Green Building Council’s LEED Silver certification for The Fitzgerald and Riverwalk at Millennium, residential properties in Baltimore and suburban Philadelphia, respectively, and the designations put the developer at the forefront in both metropolitan areas.

The awards come as no surprise to the green building community. “Bozzuto has a long track record of concern for the environment, Stuart Kaplow, chair of USGBC’s Maryland… Continue reading

Annapolis Capital: Design, Form and Function Blend Seamlessly

May 21, 2011

It feels wrong to slouch while walking into the lobby of the Mariner Bay apartment building in Annapolis Towne Centre, operated by Bozzuto Management service. The high-ceilinged lobby is grand in the sleek sophisticated style of posh, early 20th-century apartments on Manhattan's Upper East Side - or how we imagine them to be.

Pushing through a tall double set of doors, one dances around the oversized circular concierge stand. Maybe a package arrived today? The… Continue reading

Builder News Magazine: The Bozzuto Group Earns Two LEED Certifications

May 16, 2011

The Bozzuto Group has earned LEED certification from the U.S. Green Building Council (USGBC) for two residential developments in its portfolio. The Fitzgerald (see photo) a mixed-use community in Baltimore’s Mount Vernon district, has received LEED Silver Certification and Riverwalk at Millennium, an apartment community in suburban Philadelphia, has received LEED Certification.

Both properties were developed by Bozzuto Development Company, built by Bozzuto… Continue reading