CONCOURSE SELECTED AS DEVELOPMENT ADVISOR
June 17, 2016
Annapolis, MD, May 20th, 2016 - the Housing Opportunities Commission (HOC) of Montgomery County, Maryland has selected The Concourse Group as its development adviser for the development of a mixed-income housing development in downtown Silver Spring, Maryland.
The project, consisting of 124 units, will be developed on a 1+/- acre site at 900 Thayer Ave. The site is within walking distance from the downtown office market, 1.5 blocks from Whole Foods Market, and 4 blocks from the Silver Spring Red Line Metrorail station. The project was made possible through HUD's RAD conversion program and a combination of funding sources.
Tom Shea, a former senior Concourse official, said, “Concourse is pleased to work on this important urban in-fill project that will add quality housing to the market at affordable prices in accordance with HOC’s mission.”
About The Concourse Group
The Concourse Group, headquartered in Annapolis, Maryland, and with offices in Washington, DC, Colorado, and California, was founded in 2001 and provides consulting support in affordable/workforce housing, real estate privatization, finance, development, planning, and economic analysis. The firm provides end-to-end real property consulting throughout the entire property lifecycle to optimize its client’s portfolio.
Concourse won the MIT 2016 Small Business of the Year Award for its work developing a plan to recapitalize MIT’s research laboratory campus.
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