WRS, Inc. has confirmed to The MoCoShow that the first three retail tenants have officially signed on for the Lakeforest Redevelopment in Gaithersburg. The initial lineup includes a roughly 140,000SF Home Depot (located between the existing Germantown and Shady Grove locations), a 23,000SF Sprouts grocery store (the county’s second), and a smaller “boutique” 15,000SF Landmark Theatre (also the county’s second), as first reported by Maryland Newsletters.

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As 2025 comes to a close, we wanted to share with you some of our most-read articles of the year. This article was originally published on November 10th and it went on to become one of our most-read articles of 2025. Since then, additional information has been released regarding the redevelopment of Lakeforest. 

Demolition work is underway inside Lakeforest Mall as crews continue preparing the long-shuttered property for full teardown. Recent photos from inside the building show active interior demolition as the site moves closer to its next phase of redevelopment (photos available below).


New renderings have been released for the planned redevelopment of the former Lakeforest Mall property in Gaithersburg, offering the most detailed look yet at the future mixed-use community set to replace the long-closed shopping center. Images below courtesy WRS Inc. Real Estate Investments.

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Lakeforest Mall officially closed on March 31, 2023, after nearly 45 years in Gaithersburg, and now longtime residents have a chance to bring home a piece of its history. The mall’s outdoor signs are currently up for auction through Capital Online Auctions, with local pickup required. The listing encourages bidders to “own a piece of Gaithersburg history,” noting that multiple outdoor Lakeforest signs are being liquidated.

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