Remember 2020 Martini, the three-story, 10,000-square-foot brick oven pizza/pasta/sushi/martini restaurant and bar planned for Old Engine Co. 12, the 112-year-old firehouse at 1626 North Capitol Street? We were deeply skeptical of the concept when NextGen Development first announced its deal with Twyla Garrett of Cleveland-based Garrett Entertainment Corp. last year, and now it seems with good reason. The Bloomingdale blog reported recently that the deal has long since fallen through (hat tip to Arts & Real Estate), and the building is now on the market, listed at $1.5 million.

NextGen is blaming the recession and collapse of the credit market on the Garrett deal going sour, and says that while it has come close to finding a new operator several times, each time financial conditions have prevented deals from being closed. NextGen is now putting the building up for sale in the hopes that a restaurateur will then be able to use the building as collateral to complete renovations.