WASHINGTON, D.C. — Tishman Speyer has secured a $150 million construction loan for the redevelopment of Mazza Gallerie, a former shopping mall in Washington, D.C.’s Friendship Heights neighborhood. RBC Capital Markets provided the loan. Mazza Gallerie will be converted into a mixed-use community with 320 apartment units, over 800 parking spots and 90,000 square feet of retail space. The mall’s 70,000-square-foot retail concourse will be anchored by a T.J. Maxx. The project’s residential component and first retail openings are expected to complete in 2025. Davis Construction and Smoot Construction are the general contractors for the project. 3XN and Eric Colbert & Associates are providing architecture for the redevelopment.
RBC Capital Markets provided a $150 million construction loan to Tishman Speyer for the redevelopment of Mazza Gallerie, an obsolete shopping mall in Washington, D.C. The first phase of the project is set to complete in 2025. (Rendering courtesy of Tishman Speyer.)