NOVO Properties Announces Acquisition of old Steamers Restaurant in Bethesda


Washington, DC, June 28, 2016


NOVO Properties (NOVO) is pleased to announce that is has closed on the former Steamers Restaurant (Steamers) located in the Woodmont Triangle of Bethesda, MD.

This is NOVO’s first acquisition in Bethesda. NOVO is currently proposing a mixed-use building with approximately 2,800 square feet of ground-floor retail and up to 58 residential units.

“We love the character and charm of Woodmont Triangle and view it as the heart and soul of downtown Bethesda. This is an area that is seeing increased growth and development and NOVO is excited to be a part of it,” stated Neil Goradia, Partner with NOVO Properties.

For more information about NOVO’s latest acquisition, please contact NOVO Properties’ main office at (202) 315-1111.


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NOVO Properties is a multi-family owner, developer and property management company headquartered on Capitol Hill in Washington, DC. NOVO currently owns and manages a portfolio of approximately 2,000 apartment units throughout Washington, DC, Chicago, Charleston and the city of Cambridge on Maryland’s Eastern Shore.