In 2013 Bozzuto Real Estate Development Group celebrated its 25th year, and simultaneously got a new president. Toby Bozzuto — son of Tom Bozzuto, who with his two partners built the firm into a multi-million dollar empire — took over the reins at the Bozzuto Group last year.
In the past three years, the Bozzuto Group has developed more than $1.5 billion worth of new projects and Toby has overseen the development of some of Baltimore’s largest and most successful buildings: Spinnaker Bay in Harbor East (in partnership with H&S Properties), the Union Wharf in Fells Point, the Fitzgerald in mid-town, as well as Towson Green, the Uplands and general contracting for the Rotunda redevelopment in Hampden. Again with Bill and John Paterakis’s H&S Properties, he is planning a much heralded 291-unit residential project on Lancaster Street in Harbor East (photo below), which he recently told the Baltimore Business Journal will be “absolutely stunning,” “one of the most beautiful projects we’ve ever been a part of.” Currently Bozzuto is about to break ground on Anthem House in Locust Point, a 275-unit building with 16,000 feet of retail space, all centered on the idea of healthy living – a joint venture with former Under Armour exec Scott Plank and Solstice Partners.
For a guy who never planned to go into real estate (his original career path was the music business) Toby Bozzuto has been a remarkable success. This year alone he was named Developer of the Year by the Maryland Building Industry Association for “excellence in development design and quality,” and named among Maryland Daily Record’s “Most Influential Marylanders.” He regularly lectures at the Harvard Graduate School of Design and at Johns Hopkins Carey Business School. He spends a lot of time thinking about creative design and the importance of place, ideas that are reflected in the Bozzuto Group’s most successful projects. And he is a vocal advocate of our new “design-centric culture,” in which issues of authenticity and individuality are key to building what the millennial customer is looking for.
In a speech two years ago at Gilman School (Class of ’92), where he went to high school (and played in a band), Bozzuto spoke to upper school students about his career path. He reflected on the battle cry of Native American chief Crazy Horse at Little Big Horn, “today is a good day to die!” — explaining that, for him, this means that you do as much as you can, every day, to make the world a better place. Baltimore Fishbowl spoke to Mr. Bozzuto to ask how that works in the development world.