Mazza Gallerie
 | |
| Location | Washington, D.C., United States |
|---|---|
| Opening date | 1977 |
| Developer | Western Development Corporation |
| Owner | Ashkenazy Acquisition Corporation |
| No. of stores and services | 18 |
| No. of anchor tenants | 3 |
| Total retail floor area | 300,000 square feet (28,000 m2) |
| No. of floors | 4 |
Mazza Gallerie is a shopping mall in the Friendship Heights neighborhood of northwest Washington, D.C.
It is directly connected to one of the Western Avenue exits of the Friendship Heights station.
The lowest four levels are an underground parking deck, labeled as Levels P1-P4. The next three levels are occupied by retail stores.
Major tenants include a 3-level Neiman Marcus, a 2-level Saks Fifth Avenue Men's Store, and a 7-screen AMC Theatres.
The mall is named after Louise Mazza, whose daughter Olga inherited the land prior to development.[1]
History
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]
On August 22, 2020, it was announced that Neiman Marcus would be closing as part of a plan to close 5 stores nationwide.[9]
References
- ^ a b c Kelly, John (August 18, 2018). "What does a storefront in Mount Pleasant have to do with Mazza Gallerie?". The Washington Post.
- ^ Foster, LaToya (May 3, 2012). "Being Herb Miller–Washington, DC Real Estate Pioneer Committed to Giving Back". The Examiner.
- ^ Simpson, Elizabeth (November 15, 1999). "Renovated Mazza Gallerie Waits for Key Tenants". American City Business Journals.
- ^ Chamis, Eleni (December 18, 2000). "General Cinemas' Eatery Ends Run at Mazza Gallerie". American City Business Journals.
- ^ Lopes Harris, Pat (August 16, 1999). "New retail king?". American City Business Journals.
- ^ Hammer, Ben (June 7, 2004). "Mazza Gallerie rings up big sale". American City Business Journals.
- ^ a b Morphy, Erika (January 19, 2017). "Mazza Gallerie Closes at $78M". GlobeSt.com.
- ^ Cooper, Rebecca (January 17, 2017). "Friendship Heights retail center sells for $78 million". American City Business Journals.
- ^ https://www.dallasnews.com/business/retail/2020/08/22/neiman-marcus-adds-to-store-closing-list/