TJ Maxx was the last retailer standing when Mazza Gallerie in Friendship Heights closed in December. It is also the first retailer announced for the D.C. property’s redevelopment.
Developer , which began demolishing the property at 5300 Wisconsin Avenue NW earlier this year, has secured $150 million in construction financing from RBC Capital Markets 鈥� as well as all the building permits it needs to continue the Mazza Gallerie redevelopment project.
The redeveloped property is currently expected to open sometime in 2025.
The existing three-story structure is currently being razed and will be replaced by a seven-story building designed by Danish architects 3XN, with an undulating masonry facade. Plans currently include 320 apartments, 40 of which will be designated affordable. It will also include two-story town houses and penthouses with private terraces.
Retail space will include 70,000-square-feet of existing below grade retail concourse, plus 20,000-square-feet of new street-level retail along Wisconsin Avenue, including a new TJ Maxx. Tishman Speyer said it is aiming for a mix of boutique stores, neighborhood services and a mix of fast-casual and full-service restaurants.
Redevelopment will retain 800 underground parking spaces.
Davis Construction and Smoot Construction are co-general contractors and 3XN has partnered with the project’s architect-of-record Colbert & Associates.
Mazza Gallerie was built in 1979 and was once a bustling retail and dining destination, but became a ghost town during the coronavirus pandemic. Lenders took possession of the property in August 2020 at a foreclosure auction.
New York-based Tishman Speyer’s other projects in the D.C. area include Reston Crossing, International Square and more than a half dozen trophy office buildings in the District.
