Flats170, Urban Contemporary Apartment Home Community Offering Unparalleled Amenities in Odenton, Commences Leasing Industrial Inspired Residences Turn Vacant Plant Site into Luxury Living in Odenton

GREENBELT, Md., May 1, 2013 /PRNewswire/ -- The Bozzuto Group, a Greenbelt, MD-based real estate services company, today announced that Flats170 at Academy Yard, a new midrise luxury apartment home community located in Odenton, Maryland, has commenced leasing.  The community offers a convenient location to Route 170 and 32, and promises to bring a new level of urban sophistication to Odenton.

(Photo: http://photos.prnewswire.com/prnh/20130501/PH01277 )

The community is being built at the site of the former National Plastic Products/Nevamar Plant that produced everything from paintbrush bristles and Barbie doll hair to laminates for countertops.  The site, which sat vacant for several years, was acquired between 2006 and 2008 by StonebridgeCarras, LLC for future redevelopment. Located within the core of the Odenton Town Center, with proximity and easy access to Fort Meade, Flats170 will soon offer vibrant new housing to the growing area.

Flats170 at Academy Yard consists of 369 apartments residences within seven buildings. There are more than 30 spacious, open floor plan layouts to choose from, including studio, one-bedroom and two-bedroom options. Residences will all feature nine-foot ceilings, granite countertops with under-mount sinks, stainless steel kitchen appliances, spacious walk-in closets, full size washers and dryers, as well as designer lighting. Select apartments will also offer private balconies.

Community amenities include a resort-style lobby, courtyard with an elegantly-styled pool and sundeck, grand entry fountain, 10,000 sq. ft. clubhouse featuring a clubroom with bar and billiards, theater, business center with e-lounge, fitness center with yoga, kickboxing and a kids' room, as well as a dog park and exercise trail.

Flats170 was developed in partnership by Bozzuto Development Company and StonebridgeCarras, built by Bozzuto Construction Company and will be managed by Bozzuto Management Company. First deliveries are expected in June 2013.

"We look forward to the successful opening of Flats170, which is the first phase of our Academy Yard project in the Odenton Town Center," said George Carras, a principal with StonebridgeCarras, LLC.

"Flats170 promises to bring urban sophistication and amenities that have never been seen before in Odenton," said Toby Bozzuto, president, The Bozzuto Group. "We are excited to bring this project to fruition and can't wait for residents to start moving in later this summer."

The Flats170 leasing office is currently open and is located at 8313 Telegraph Road
Odenton, MD 21113.  For more information, visit http://flats170.com or call (866) 413-2647.

About StonebridgeCarras
StonebridgeCarras is a privately held real estate investment and development firm based in Bethesda, MD focusing primarily on developing high quality mixed-use properties in the Washington, D.C. metropolitan region, with expertise in office, residential, retail and hotel products. The firm has managed the planning, design and development of sites ranging from prime locations next to mass transit in the heart of Bethesda and Washington, D.C. to the redevelopment of industrial/warehouse facilities, with a goal of creating quality environments that complement the local community.  For more information, please visit www.stonebridgecarras.com.

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 25-year history, the company has developed acquired and built more than 35,000 homes and apartments and currently manages approximately 36,000 apartment units spread along the Atlantic Coast between northern Virginia and Boston. 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



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