District officials will hold a ceremony on Tuesday morning for construction of The Montrose, formerly known as the the Henry and Anne Hurt Home, at 3050 R Street, NW in Georgetown. Developers will turn the vacant property into 15 condominiums through demolition of non-historic portions of the building and renovation of the main building. 
In September 2010 the Deputy Mayor for Planning and Economic Development (DMPED) selected the joint venture of the Argos Group and Potomac Investment Properties to redevelop the historic Hurt Home mansion at 3050 R St., NW. Disposition of the property awaited negotiations and plans for the building, but on July 11, 2012, the property was recorded as selling for $7,750,000 according to DC Recorder of Deeds. Neither pricing nor floorplans have been established, though a construction fence now surrounds the building and some interior work has begun. The Montrose, named for it's proximity to Montrose Park, is scheduled for completion in late 2013.
The Argos Group's other projects include The Station (pictured above), located at 524 9th Street NE, a mixed income historic condo conversion and The Firehouse, located at 1340 Maryland Avenue NE, a mixed income residential condo conversion.
Washington D.C. real estate development news
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