Developer Tishman Speyer has acquired Mazza Gallerie, the largely empty shopping center in D.C.’s Friendship Heights, and will redevelop it as apartments, though it appears it will retain a large retail portion as well.
Tishman Speyer issued a brief statement Tuesday saying it will build new rental housing while retaining substantial retail space and a large parking garage underground.
It offered no other details on the project, including what it paid for the property. The developer said specifics will be released at a later date.
The developer bought the mall for $52M, according to a deed posted Tuesday to the D.C. Recorder of Deeds.
Click here to read the rest of the article written by Jeff Clabaugh over at WTOP
