Tishman Speyer acquires, to redevelop, Mazza Gallerie - Washington Business Journal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Tishman Speyer has picked up a Washington DC
mall it plans to partially convert to apartments.
The New York-based developer paid around $55
million for the Mazza Gallerie urban mall site which Annaly Commercial
Real Estate Group bought out of foreclosure for $38 million last year.
Annaly acquired
the property at auction after Ashkenazy Acquisition Corp. defaulted on mortgage payments for the 294,000
s/f retail center it had bought for $78 million in January 2017.
Once a luxury
shopping mecca, the mall had lost much of its luster before the start of the
COVID pandemic but was driven further into demise when lockdowns drove its anchor
The front page of The Washington Times in 1906 showing the Belmont land and nearby houses.
In 1906, four African American men attempted to develop an elite suburb for African Americans along Wisconsin Avenue between Chevy Chase and Friendship Heights, Maryland. Despite facing intense hostility from adjacent white landowners, at least 28 people bought lots. However, their vision was ultimately undone using subtler methods, showing how nominally race-blind tools can serve racist ends.
As we talk about in our video presentation on the subject for the DC Archives Advocates, this story breaks down what happened in a development known as Belmont, Chevy Chase and what the story meant in the history of the suburbs and the racial geography of DC, connecting Friendship Heights in Montgomery County to Glenarden in Prince George’s County on the other side of DC.
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Tosca reopens in Downtown DC after a long pandemic closure with a new look and menu. Photography courtesy of Tosca
One of DC’s veteran Italian restaurants is ready for a comeback. Ristorante Tosca will reopen downtown on Tuesday, May 25 after being closed for much of the past pandemic year. Owner Paolo Sacco used the pause to redesign his 20 year-old restaurant and hire a new chef, Phil Marzelli, a second-generation Italian-American who previously served as the executive chef at Fabio Trabocchi’s Casa Luca and Sfoglina Downtown.
Dark chocolate and rum mousse with berries.
Tosca built a reputation as a classic DC power spot, especially at lunch, where lobbyists, lawyers, and politicos would meet over short-rib agnolotti at white-clothed tables. But the days when the Obamas would drop by for date night are long past, and Sacco observed that much of the nighttime energy and younger clientele were drawn to booming restaurant neighborhoods like 14th Street and Shaw. Sacco
Temporary Bus Stop Relocation: Georgetown BID Project, May 14
Advisory Effective: 5/14/21 - 9/17/21
Friday, May 14, 2021 | Friday, September 17, 2021
Routes Affected:
Due to construction, a northbound bus stop on Wisconsin Ave NW at N St (bus stop ID#1001355) towards Friendship Heights and Georgetown will temporarily relocate 160 ft south of the existing stop.
The westbound bus stop on M St NW at 33rd St
(bus stop ID#1003205) towards Ballston will temporarily relocate 100 ft west of the existing location.
Federal law requires face coverings when riding Metro.