Bozzuto Construction Company Announces Four New Projects Totaling $107M Current Portfolio of 3,900 Apartment Units in 18 Projects Boast a Collective Contract Value of $560 Million
GREENBELT, Md., Dec. 10, 2012 /PRNewswire/ -- Bozzuto Construction Company, a division of Washington, DC-area real estate services organization The Bozzuto Group, today announced that is has signed four new projects totaling more than $107 million in contracts. The projects include Petworth Safeway in Northwest DC, Pollin Memorial Community Development in Northeast DC, Kingsview Village Apartments in Germantown, MD, and Tyler House Apartments in Northwest DC.
"Bozzuto Construction has been creating extraordinary multifamily communities and mixed-use projects for nearly 25 years, and we are thrilled to announce our next four projects, which will demonstrate the workmanship, quality and value that we have become known for," said Mike Schlegel, president, Bozzuto Construction Company.
The Petworth Safeway & Residences development will include an urban concept Safeway retail store, two levels of below-grade parking and five levels of apartments. Located in the Petworth neighborhood of Washington, DC, the $40M, 218-unit community is being developed by Duball, LLC and is designed by architect Torti Gallas and Partners. The development is expected to achieve LEED Silver certification. Construction began in November and is anticipated to be completed in Summer 2014.
MetroTowns at Parkside, also known as The Linda Joy and Kenneth Pollin Community, is a $19M construction contract for Enterprise Homes. Designed by architect Torti Gallas and Partners, the green community will be at Anacostia Ave. and Hayes St. in NE Washington, DC, and will include 125 affordable townhomes for rent and sale, with several park areas for residents. Construction began in September 2012 and has an expected completion date of early 2015.
Kingsview Village Apartments is a $20M construction project developed by Pleasants Development, Inc. and designed by Heffner Architects. The 195-unit, garden-style community is located on Leaman Farm Road in Germantown, MD, and will be comprised of three apartment buildings, four garages and a separate clubhouse with pool. Construction is scheduled to begin in January 2013 and anticipated to be completed by Spring 2014.
Bozzuto Construction is scheduled to start in February 2013 the renovation of Tyler House Apartments, 284-unit affordable housing community located at the southwest intersection of North Capitol Street and New York Avenue in Washington, D.C. The $28M renovation project for Roizman Development will include a new building-wide HVAC system, new plumbing, improved elevators, enhanced community center spaces, a new computer learning center, and new kitchens for residents. Construction is expected to be completed by late 2014.
Bozzuto Construction Company
Established in 1988, Bozzuto Construction Company has annual revenues of more than $250 million, and has been responsible for the construction and renovation of more than twenty million square feet of mixed-use and multifamily residential projects with a value in excess of $2.2 billion. Bozzuto Construction's portfolio includes urban infill, high-rise, mid-rise, senior living, affordable housing and garden style apartments; along with retail, theatre, student housing, site infrastructure construction and renovations. The company's expertise lies in project planning, cost estimating/bidding, general contracting and construction management. For more information, visit www.bozzuto.com/services/construction.
About The Bozzuto Group
Headquartered in the Washington, D.C. area, The Bozzuto Group is a diversified residential real estate company consisting of six integrated companies – Acquisitions, Construction, Development, Homebuilding, Land Development and Property Management – that together provide a broad range of real estate services throughout the Mid-Atlantic and Northeast. The company is committed to providing quality housing for individuals of all income levels, producing everything from luxury homes and apartments to affordable housing solutions.
Throughout The Bozzuto Group's nearly 25-year history, the company has developed, acquired and built more than 35,000 homes and apartments, and the firm and its principals have been honored with numerous industry awards and accolades, including having been recognized by the NAHB as the nation's premier apartment development company, and twice as management company of the year. For more information, please visit www.bozzuto.com.
SOURCE The Bozzuto Group