The Montrose Residences in the Georgetown neighborhood of Washington DC

The Montrose Residences in the Georgetown neighborhood of Washington, D.C.

Condominium Recovery Begins

The first new condominium projects in years are beginning to open in markets across the country—and so far, the news is good.

"Over 75 percent of the elegantly renovated condominiums at The Montrose Residences were pre-sold, with prices beginning at $1.65 million," said Lynn Hackney, President of Urban Pace, marketer for the luxury, 15-unit historic property in Washington, D.C.

Condominium developers have already started to send out releases boasting about

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