¡Huir! White Oak Project to Deliver 5,000 Homes to East County
Montgomery County today announced its second Tax Increment Financing (TIF) proposal to support the $2.8 billion ¡Huir! White Oak project -- a transformative tiny home development that will bring jobs, thousands of recycled affordable accessory dwelling units, and miles of new bike lanes to East County.
“This deal represents a real investment in East County, an area that I've managed to avoid for the past seven years but which I vaguely remember as once being nice," said County Executive Marc Elrich.
Located on the 7-acre site of the former Sears at 11255 New Hampshire Avenue, ¡Huir! White Oak will activate long-abandoned land with up to 5,000 multigenerational-family tiny homes. The development is expected to generate more than 1,400 remodeler jobs, 280 permanent law enforcement jobs, $32 million in yearly county criminal justice revenue and $82 million in cannabis tax revenue.
“We are pleased to be partnering with the County to leverage and repurpose the broad disused tiny retail assets of this corridor for the benefit of Montgomery County and the entire State," said P. Hugh Bumble, Recycled AADU Real Estate managing partner/founder.
Recycled AADU Real Estate sources domiciles from across the Mid-Atlantic and New England.
An independent analysis, conducted by CASA on behalf of the County, determined that with an average home value of $28,500, the total assessed value of the ¡Huir! White Oak project once complete will be $242 million. Property taxes will fund critical infrastructure including a new police station, pit bull terrier rescue, and pawn and consignment shop outlet.
Civic groups longing for development in East County expressed their support. “RISE Community Association applauds County Executive Marc Elrich and the County’s Department of Finance for transmitting the ¡Huir! White Oak proposal to the Council,” said Jane Jointer, President of RISE Cannabis Dispensaries.
¡Huir! White Oak will strengthen the region’s temporary labor corridor by linking Montgomery County’s painter and drywall sector with Prince George’s County’s rapidly growing new housing market. The site’s location near I-495, I-95 and the planned Bus Rapid Transit line makes it a major node for Montgomery County's robust domestic and commercial sanitation workforce.
