Mazza Gallerie

Mazza Gallerie is a shopping mall in the Friendship Heights neighborhood of northwest Washington, D.C., directly connected to the Friendship Heights station. It includes a four level parking garage and three levels of retail stores.

Shopping mall in D.C., United States
Mazza Gallerie
Location Washington, D.C., United States
Opening date 1977; 44 years ago (1977)
Developer Western Development Corporation
Owner Tishman Speyer
No. of anchor tenants 3 (2 open, 1 vacant)
Total retail floor area 300,000 square feet (28,000 m2)
No. of floors 4
Website www.mazzagallerie.com
Mazza Gallerie
Interior

The mall is named after Louise Mazza, whose daughter Olga inherited the land prior to development.[1]

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The mall opened in 1977.[1] It was an early project of Herbert S. Miller’s Western Development Corporation, which later developed Potomac Mills, Georgetown Park, and Washington Harbour. Miller assembled a deal with property owner Olga Mazza and Neiman Marcus owner Stanley Marcus to build the development; Olga wanted an office building named after her mother and Miller wanted a residential component, but neither were approved.[2][1]

In June 1997, a group headed by Daniel McCaffery, who owned the Friendship Centre development across Wisconsin Avenue, acquired the mall for $28 million and opened up the marble block exterior with new windows, better lighting, and additional entrances.[3] Among the added venues were a General Cinemas theatre and a restaurant, The R Room, owned by General Cinemas but operated by the restaurant division of Neiman Marcus. It closed in December 2000.[4]

The project was financed by Security Capital Group, which was acquired by General Electric in 2001.[5]

In June 2004, Teachers Insurance and Annuity Association of America acquired the mall from General Electric for $77 million.[6][7]

In January 2017, Ashkenazy Acquisition Corporation, led by Ben Ashkenazy, acquired the mall from Teachers Insurance and Annuity Association of America for $78 million.[8][7]

In August 2020, the closure of the Neiman Marcus store was announced[9] and in February 2021, the closing of the AMC Theatres was announced.[10]

In August 2020, Annaly Capital Management acquired the property via foreclosure. In May 2021, Tishman Speyer acquired the property for $52 million with plans to redevelop it into 350 apartments and 26,000 square feet of retail space.[11]

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