Macy’s confirmed to Axios on Wednesday that it will close additional stores in 2023, including its Lakeforest Mall location at 701 Russell Ave in Gaithersburg. According to Axios, a clearance sale will begin at some point in January and run for approximately eight to 12 weeks, Macy’s said. This was one of the largest hurdles in order for WRS Inc. to reach its target date of 2024 for demolition of the mall and the start of new construction. A more specific date will be available after the approval of sketch plans. The City of Gaithersburg Joint Planning Commission/Mayor and City Council Hearing on the plan is scheduled for 7:30 p.m. on Tuesday, Jan. 17, 2023 at at City Hall, 31 S. Summit Avenue, Gaithersburg, MD 20877
WRS purchased the core, ponds, and forest conservation of the mall back in 2019 and added the four anchor sites earlier this year, spending a total of $75 million to acquire Lakeforest Mall. At a meeting in October, WRS announced that they have worked with the City of Gaithersburg since March and plan to submit their zoning application and sketch plan in the next couple weeks. As mentioned above, the target date for demolition of the mall and the start of new construction is currently 2024, with a more specific date to come after the approval of sketch plans. The sketch plan requires at least 35% “green space” and WRS stated that initial sketches are currently at a little more than 35%. Green space is defined as trees, grass, walking/biking areas, etc.