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A $1 billion redevelopment of former DC-area mall launches to create new housing

Transformation of once-popular Lakeforest Mall in Maryland commences
The mixed-use project is expected to add housing and other commercial space to the area. (WRS)
The mixed-use project is expected to add housing and other commercial space to the area. (WRS)
CoStar News
April 14, 2026 | 1:46 P.M.

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Three years after a mall closed in Gaithersburg, Maryland, work has started on a $1.2 billion project to redevelop the 102-acre site into a minicity.

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