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Mazza Gallerie Mall Redevelopment Secures Financing, Retail Looks to Open in 2025
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Developer Tishman Speyer has secured financing to reimagine the Mazza Gallerie mall in Friendship Heights (map) as a residential development.
The developer announced Thursday that it had secured $150 million in construction financing from RBC Capital Markets, as well as all permits necessary to turn the former mall into a 7-story, 325-unit apartment project with four levels of below-grade parking. Demolition on the project began earlier this year.
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The project, designed by Danish architect 3XN, will have an undulating facade along Wisconsin Avenue, and the units will range from studios to two-story townhouses to terrace penthouses. Resident amenities will include a courtyard pool and sundeck, a golf simulator, and a landscaped roof deck with a large event space and demonstration kitchen.
Expected to open in 2025, there will be 20,000 square feet of new ground floor retail along Wisconsin Avenue with a focus on boutique stores and a mix of fast casual and full-service food offerings. TJ Maxx will remain on-site and anchor the mall’s 70,000-square-foot retail concourse. Willard Retail is advising on the retail component of the redevelopment.
For a full rundown of the new developments in the works for Friendship Heights, click here.
See other articles related to: amazon books, friendship heights, mazza gallerie
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/mazza_gallerie_mall_redevelopment_secures_financing_retail_looks_to_open_in/21144.
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