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Real Estate
Reply to "Lord and Taylor space in Friendship Heights"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Tishman Speyer has purchased Mazza Gallerie for $52M and plans to redevelop it: https://www.bisnow.com/washington-dc/news/mixed-use/tishman-speyer-acquires-mazza-gallerie-mall-plans-mixed-use-redevelopment-109022?utm_source=outbound_pub_67&utm_campaign=outbound_issue_48548&utm_content=outbound_newsletter2&utm_medium=email&fbclid=IwAR3dLL6d1scHKIqG9KbUTggAS2vQ2lm56FBuHHO2fAsK-9Fxmtk16wWMfBg[/quote] Looks like 350 units and 26K SF of retail. I'm guessing 10% will be affordable and [b]all development will be by-right to avoid NIMBYs[/b]. Seems like what the area needs. Will fit in with the general direction of Wisconsin Ave. More transit/walk oriented development with increased density to support the new reality of commercial and retail property (more restaurants, gyms, etc, fewer stores). Will compete with City Ridge and other locations. [/quote] What does this mean? (bolded)[/quote]
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