One of DC s Great Lost Bands Makes a Comeback washingtonian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonian.com Daily Mail and Mail on Sunday newspapers.
Even before e-commerce and online shopping gained traction among American consumers during the pandemic, many shopping malls and department stores were
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