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Mayor Gray Breaks Ground on The Montrose Residential Condominium Project at Former Hurt Home Site

Tuesday, August 21, 2012

Mayor Gray Breaks Ground on The Montrose Residential Condominium Project at Former Hurt Home Site

Development Part of District’s Effort to Expand Affordable Housing & Revitalize Properties

(WASHINGTON, DC) – Mayor Vincent C. Gray, other government officials and representatives of the project’s development team today broke ground on The Montrose, a residential real estate project that includes affordable units, new amenities and features adaptive reuse on the site of the former Hurt Home in Ward 2.

“Living with vacant or blighted property in one’s residential neighborhood can be a burden, particularly on the investment made by individual homeowners,” said Mayor Gray. “This public-private collaboration reflects my administration’s commitment to ensuring that properties throughout the District contribute positively to the neighborhoods in which they are situated so that a high quality of life continues to thrive.”

Principals from the development partnership Argos Group and Potomac Investment Properties were on site along with Mayor Gray, Ward 2 Councilmember Jack Evans and Deputy Mayor for Planning and Economic Development Victor L. Hoskins to formally kick off construction at the 32,267 square-foot site. When completed, The Montrose will include 15 for-sale units and feature a 20 percent allotment of affordable units reserved for those with gross annual income up to 80 percent below the area median income (AMI).

“We are committed to reinvigorating vacant historic sites across the District of Columbia,” said Deputy Mayor Hoskins. “We are working diligently to ensure that economic development in this city is holistic and serves all of our neighborhoods and residents as we continue to make the District a great place to live, work and play.”

The Montrose project is one in a portfolio of over $2 billion worth of District-affiliated projects currently under construction across the city that are creating thousands of construction jobs and permanent jobs.

The Montrose is also part of the Gray Administration’s efforts to boost the amount of housing available in the District. Over 1,250 units of District-affiliated affordable housing have come online during the Gray administration. An additional 1,200 units are currently under construction.  The projects comes after the launch of the Mayor’s Comprehensive Housing Strategy Task Force, which is tasked with looking at existing options and recommending ways to increase the District’s affordable housing stock for all populations. Later this year, the task force will report on its first set of recommendations.

Additional information about The Montrose project can be found via the website of the Office of the Deputy Mayor for Planning and Economic Development here.

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