5300 Wisconsin Ave NW, Washington, DC

Located in Friendship Heights, DC, at the intersection of Wisconsin Avenue, NW, and Western Avenue, NW, this property offers a modern retail opportunity. The project, situated along the border of Washington, DC, and Chevy Chase, Montgomery County, Maryland, features over 500 feet of street frontage on Wisconsin Avenue, NW. The building above the ground level is planned for demolition, with a new property delivering 20,000 square feet of modern, double-height, street-level retail space. The concourse retail level of 70,000 square feet and an 820-space parking garage will be preserved. A new residential building is planned with 330 apartments. The existing garage will be reconfigured to facilitate easy access to parking, retail, and residential areas, including a new dedicated retail elevator lobby for concourse anchors. Mazza Gallerie provides access to the Friendship Heights Metro station on the Red Line, which sees an average weekday ridership of 7,800 people. Construction is scheduled to start in Q4 2022, with shell construction delivery in Q1 2024. Apartment lease-up is expected to commence in Q2 2024, with substantial completion in Q3 2024. The submarket boasts over 3.7 million square feet of office space and features luxury high-rise apartments, condominiums, and stately single-family homes. The trade area includes some of the highest-income zip codes in the United States.