Washington Business Journal is reporting that Tishman Speyer, the owners of Mazza Gallerie shopping mall located at 5300 Wisconsin Ave NW in DC, are looking to redevelop the center as apartments. The report says that the new owners plan to keep some retail space as well as the underground parking garage.
Mazza Gallerie sold at a foreclosure auction for around $50 million back in August of 2020. The mall has been mostly empty since the beginning of the pandemic. Neiman Marcus, one of the original stores in the mall, closed last year and AMC Mazza Gallerie 7 announced in February that they would not be reopening. Construction of the mall began in 1977 and it was previously remodeled back in 1997.
From www.mazzagallerie.com: Since 1978 Mazza Gallerie has served as DC’s choice for upscale retail and entertainment. Boasting 3 levels of shops and eateries and a full level movie theatre, Mazza Gallerie is a premiere destination for fun and shopping.
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