County Council unanimously approved Lakeforest Mall development

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Gaithersburg Mayor and City council vote on economic development plans

GAITHERSBURG, Md (WDVM)– Several months ago Lakeforest mall was sold to a South Carolina developer.

Monday night the Gaithersburg Mayor and City council held a meeting to finalize an agreement for the mall. Recently Lakeforest mall has been facing large economic instability. It will now allow the Lakeforest development corporation to re-build the land into a mixed-use property which will include new residential, business, and retail buildings.

“This development agreement really just lays out a process in which the parties will work together to include ways in which the community will engage with the developer it doesn’t lay out details of what a mixed-use project will include but it lays out a process by which we could work together to put together a plan for the site,” said Assistant City manager, Tom Lonergan.

The next town meeting is set for December 16th at 7:30 P.M.

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