Everyone is believing in Boston. Bozzuto Group targeted expansion into Boston and Boston suburbs last year including management of 30 Dalton in Boston’s Back Bay, the Flats on D in South Boston and One Greenway in Chinatown. Bozzuto Group’s new project in Quincy, a suburb south of Boston with ICON Architecture  calls for 610 apartment units and 50,000 square feet of retail next to the North Quincy MBTA station.
By   – Reporter, Baltimore Business Journal |

Bozzuto Group’s workforce is poised to exceed 3,000 in the coming year as the 32-year-old company continues an expansion into large U.S. cities.

CEO Toby Bozzuto said Monday the Maryland-based company is planning to grow by 420 workers in the coming 12 months with property management and construction jobs in Boston, Chicago and Philadelphia. The company currently has 2,600 employees.

The hiring boom is in response to the continuing popularity of Class A luxury apartment development that has dominated those cities’ housing markets for several years.

Bozzuto said his company has opened offices in Boston, New York, Philadelphia, Chicago and Miami to focus on that growth in addition to its headquarters off Interstate 95 in Prince George’s County in Maryland. There’s even a plan to spread west to points like Denver and California in the coming five or so years, he said.

“There’s a propensity in Baltimore for people to think of us as just a Baltimore company,” Bozzuto said, of the game plan for the coming 12 months. “In reality, it’s one of several markets we’re in. We’ve expanded our management company into South Florida and we’re one of the largest Class A managers in the city of Chicago. We have so much more to do.”

Bozzuto Group currently manages a total of six projects in Miami, 33 in Massachusetts, 17 in Chicago and 27 in New York. The company last year expanded into Boston and in August opened the $70 million, 320-unit Glasshouse at Station Square on Pittsburgh’s Monongahela River waterfront.

One Massachusetts project is in Quincy, a suburb south of Boston. The project, with ICON Architecture as the architect, calls for 610 apartment units and 50,000 square feet of retail next to the North Quincy MBTA station.

Dubbed the Abby, after former First Lady Abigail Adams, the project already has Target as a retail tenant.

One 218-unit apartment building is slated for delivery by spring 2021. A 137-unit apartment building is expected by summer 2021, with a third 255-unit apartment building by spring 2022.

Bozzuto, 45, took over the company’s top management about five years ago from his father, Tom, who co-founded Bozzuto Group in 1988. Today, he and his team manage more than 74,671 luxury apartment units in 255 properties. The company reported $2.45 billion in revenue.

The expanding workforce at Bozzuto is part of a growth plan for the company focused on “gateway cities,” described by Bozzuto as large metro areas with a 24-hour lifestyle where data shows growth in a younger workforce. He declined to discuss the company’s profits, citing its private status, but said the margins were high enough to accommodate the growth.