As soon as considered a neighborhood Rodeo Drive, shops at Mazza Gallerie have been closing over the previous couple of years. Now the final retail enterprise within the mall has closed. What is going to grow to be of the location?
Mazza Gallerie, the largely empty procuring heart alongside Wisconsin Avenue on the DC-Maryland border, was considered a neighborhood Rodeo Drive. However its shops have been closing over the previous couple of years and now the final retail enterprise within the mall has closed.
The TJ Maxx was completely closed on Christmas Eve, although some consumers have been shocked to search out the shop utterly empty days earlier than. The as soon as widespread AMC movie show closed in February of final yr after enterprise was hit laborious by the COVID-19 pandemic.
Developer Tishman Speyer acquired the Friendship Heights constructing in Might 2021 and introduced it could redevelop it as flats, however retaining a big portion for retail, in addition to parking.
The challenge will embody 350 multifamily items and 26,000 sq. ft of ground-floor retail, in line with Eagle Financial institution which offered $26 million in financing to the event firm for its acquisition.
The Friendship Heights mall was in-built 1979 and was as soon as a bustling retail and eating vacation spot, however grew to become a ghost city in the course of the pandemic as a dwindling variety of consumers have been round to present it objective.
WTOP’s Jeff Clabaugh contributed to this report.
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