Mazza Gallerie

Last updated
Mazza Gallerie
Mazza Gallerie exterior.jpg
Mazza Gallerie
Location Washington, D.C., United States
Opening dateNovember 1977;47 years ago (November 1977)
Closing dateDecember 24, 2022;22 months ago (December 24, 2022)
DeveloperWestern 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 floors4
Website www.mazzagallerie.com
Interior Mazza Gallerie interior.jpg
Interior

Mazza Gallerie was an upscale shopping mall which was demolished in 2023 [1] and is currently being rebuilt as a mixed-use development [2] It is located along Wisconsin Avenue in the Friendship Heights neighborhood of northwest Washington, D.C. at the Maryland border. Opened in 1977, it had 300,000 square feet (28,000 m2) of retail space on three levels, a parking garage, and a direct connection to the Friendship Heights station of the Washington Metro. The last retail business closed in December 2022. [3] The building is to be converted to residential apartments with retail on the ground floor. [4]

Contents

The mall was named after Louise Mazza, whose daughter Olga inherited the land before it was developed. [5] When the family sold the property, they attached a covenant requiring any future development to be called Mazza and to display a picture of Louise Mazza. [6]

History

It was an early project of Herbert S. Miller's Western Development Corporation (now Mills 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. [7] [5] The developers envisioned the 60-store mall as the anchor for a new upscale shopping district: Washington's version of Fifth Avenue or Rodeo Drive. [8] A retail corridor had already been established with the opening of a freestanding Woodward & Lothrop department store in 1950, followed by Lord & Taylor (1959) and Saks Fifth Avenue (1964) nearby, and a stop on the Metro Red Line had been approved in 1973. [9]

Construction difficulties and labor disputes delayed construction of the $25 million project. [10] The mall finally opened in November 1977, almost four years behind schedule. The anchor stores were Neiman Marcus and Raleigh Haberdasher. The delays had contributed to vacancies, as merchants could not plan for a firm opening date, and many retailers chose to open locations instead in White Flint Mall north of Bethesda. [6] Traffic caused by the also-delayed construction of the Metro discouraged patrons from visiting the area. [10] The poor early performance of the center contributed to a reputation as a "troubled" shopping center. [6]

The mall was sold in 1982 to a group that included the Prudential Insurance Co.. The entire Raleigh's chain went out of business in 1992, and their anchor store was replaced by Filene's Basement in 1993. [11]

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 spent a further $30 million on renovations that opened up the marble block exterior with new windows, and added better lighting and additional entrances. [12] The project was financed by Security Capital Group, which was acquired by General Electric in 2001. [13]

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. [14] Another restaurant, Rock Creek, operated in the restaurant space from 2007 to 2009. [15]

In June 2004, Teachers Insurance and Annuity Association of America (TIAA) acquired the mall from General Electric for $77 million. [16] [17]

Ashkenazy Acquisition Corporation, led by Ben Ashkenazy, acquired the mall from TIAA for $78 million in January 2017. [18] [17] By then, the Friendship heights shopping district had been declining overall, as merchants closed or moved to the CityCenterDC district in downtown Washington, which opened in 2014, and as part of the general trend dubbed the "retail apocalypse." [8] The COVID-19 pandemic in Washington, D.C. accelerated these effects. In August 2020, the closure of the Neiman Marcus store was announced [19] and Annaly Capital Management acquired the property via foreclosure. In February 2021, the closing of the AMC Theatres was announced. [20]

Tishman Speyer acquired the property in May 2021 for $52 million with plans to redevelop it into 350 apartments and 26,000 square feet (2,400 m2) of retail space. [21]

The last retail business in the mall, TJ Maxx, and the mall itself permanently closed on December 24, 2022. [3]

The mall was demolished in 2023 down to the ground, retaining the 4 stories of underground parking. A new 7-story mixed-use complex is being constructed at the site, [22] containing 320 apartments and 90,000 square feet of retail. [23]

Gallery: Construction of new Mazza Gallerie, 2024

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References

  1. ↑ "Pipeline".
  2. ↑ "Tishman Speyer Obtains $150 Million Construction Loan for Mazza Gallerie Mall Redevelopment in Washington, D.C." 15 June 2023.
  3. 1 2 Wells, Clara (2022-12-25). "Mazza Gallerie shopping center permanently closes". WTOP News. Retrieved 2022-12-26.
  4. ↑ "Mazza Gallerie will be redeveloped as apartments". WTOP News. 2021-05-25. Retrieved 2022-12-26.
  5. 1 2 Kelly, John (August 18, 2018). "What does a storefront in Mount Pleasant have to do with Mazza Gallerie?". The Washington Post .
  6. 1 2 3 Pressler, Margaret Webb (February 26, 1998), "The 'De-Malling' of Mazza Gallerie", The Washington Post, retrieved 2022-07-12
  7. ↑ Foster, LaToya (May 3, 2012). "Being Herb Miller–Washington, DC Real Estate Pioneer Committed to Giving Back". The Examiner.
  8. 1 2 Lazo, Luz (September 26, 2020), "Friendship Heights, once known as a hub for high-end shopping, is struggling as the pandemic accelerates an exodus of retailers", The Washington Post, retrieved 2022-07-12
  9. ↑ DC Preservation league (March 1, 2022), Application for Historic Landmark or Historic District Designation, Lord & Taylor Chevy Chase Branch Store (PDF), retrieved 2022-07-12
  10. 1 2 Knight, Jerry (December 23, 1978), "Problems At Mazza Gallerie", The Washington Post, retrieved 2022-07-12
  11. ↑ https://www.washingtonpost.com/archive/business/1998/11/07/a-make-over-built-around-mazza/1807a4cc-ad30-4a26-8686-950129a260be/ [ bare URL ]
  12. ↑ Simpson, Elizabeth (November 15, 1999). "Renovated Mazza Gallerie Waits for Key Tenants". American City Business Journals .
  13. ↑ Lopes Harris, Pat (August 16, 1999). "New retail king?". American City Business Journals .
  14. ↑ Chamis, Eleni (December 18, 2000). "General Cinemas' Eatery Ends Run at Mazza Gallerie". American City Business Journals .
  15. ↑ "Rock Creek Restaurant Closing". 14 December 2010.
  16. ↑ Hammer, Ben (June 7, 2004). "Mazza Gallerie rings up big sale". American City Business Journals .
  17. 1 2 Morphy, Erika (January 19, 2017). "Mazza Gallerie Closes at $78M". GlobeSt.com .
  18. ↑ Cooper, Rebecca (January 17, 2017). "Friendship Heights retail center sells for $78 million". American City Business Journals .
  19. ↑ "Neiman Marcus adds to store closing list". The Dallas Morning News . August 22, 2020.
  20. ↑ "AMC Mazza Gallerie 7 closes in foreclosed Friendship Heights mall". WTOP . February 12, 2021.
  21. ↑ Sernovitz, Daniel J. (May 25, 2021). "Mazza Gallerie sold, to be redeveloped under new owner". American City Business Journals .
  22. ↑ "Pipeline".
  23. ↑ ""Tishman Speyer to Transform Friendship Heights Shopping Mall into Mixed-Use Property with Hundreds of Rental Apartments and Reimagined Retail Spaces" - PoPville". 20 June 2023.

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