Monty Hoffman - Transforming the DC Waterfront (#45) - a podcast by Coe Enterprises

John Coe and Monty Hoffman



Bio



Monty Hoffman formed Hoffman & Associates in 1993 with a single townhouse conversion and has since then transformed the company into a market leader of real estate development in the Washington, DC, metro area and beyond. With more than 30 years of experience, Monty actively leads the company’s business development and market strategy, as well as the design initiatives for every Hoffman project.



Monty has been recognized in Washington’s SmartCEO’s Future 50 list and the Washington Business Journal’s Power 100. He is a founding board member of the DC Students Construction Trades Foundation, which provides educational and apprenticeship opportunities for District students interested in design, engineering, and construction. He served on the DC Public Schools Engineering Advisory Board and is a current board member of the Federal City Council and Southwest Business Improvement District. Monty graduated from the University of Pittsburgh at Johnstown with a Bachelor of Science in Civil/Structural Engineering Technology. He is married with three children and lives in Potomac, MD.



Show Notes



Role- Strategy and deal making. Mentoring and coaching. What’s the next niche and big thing? Figuring out how to allocate resources (4:00)



Origins and Education



Grew up in an extended family with almost 60 cousins (5:00)Spent time in the Detroit area initially- Taylor, MI and Dearborn, MIMoved to Pennsylvania when he was 14 (6:30)Dad was a bricklayer starting in Detroit area and then moved back to PA to start his own company (6:40)He played with building materials as a kid and went to job sites with his Dad (7:20)He learned “smack” from the workers in his Dad’s company (7:40)Driving a dump truck and other equipment at 15 yrs. old (8:30)Mom was a homemaker and he lived in a blue collar environment (9:00)College- Univ. of Pittsburgh, Johnstown campus– paid his way through college (9:45)Worked a summer as a mine worker (10:15)No coincidence that he got straight As in school after that work (10:45)Studied Civil Engineering (11:30)



Initial Employment



Worked for a company that build smokestacks (Pullman) to pay off a college loan (11:50)600 foot high smokestacks on nuclear power plants (12:10)Story about butchering an antelope on the job site (12:45)Moved to DC in 1984 and lived with buddies and interviewed and joined the Donohoe Company (13:50)Project Engineer then Project Manager (14:30)1620 L St. NW- built over transformer with huge trusses and tells story about getting them into the City (15:20)Client was Mohammed Hadid (16:15)Bought a property in West Springfield, VA and his Dad came down from PA to help him build his home, which was a modular home (16:40)



PN Hoffman Beginnings



Decided to start his own company in 1993 by buying a row house (1605 16th St. NW) with his partner, Pete Nazelrod, a fellow Donohoe colleague. They sold out the project and made $300,000 from the proceeds (16:35)Bought two more properties in the 16

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