The site at 750 3rd St NW hosted a Best Western in years past. In 2004 or 2005, ABDO Development bought the Best Western and proceeded to demolish the building. ABDO planned to build a luxury condominium on the postage-stamp sized lot. The new condo was to be named Penn Tower (pic) with an address of 730 3rd St NW.
However, something happened with those plans over the past year. We’re guessing the market wasn’t ripe for condos and that ABDO may be busy with other projects which may not have been selling as quickly as expected.
The result is ABDO transferring ownership of the site to The Hanover Company, which bills itself as A National Developer of Luxury Apartment Residences.
Permits have been approved for site preparation and we expect full-on digging & construction to begin in April. This site is located next to the 300 Mass Court Apartment building.
Pic courtesy of The Hanover Company website.