WRS Inc.

August 12, 2019 | Douglas Tallman

New Lakeforest Owner Says ‘Moratorium’ Would Hurt Redevelopment Plans

The new owner of the Lakeforest mall property asked Gaithersburg officials not to impose an 18-month moratorium on development at the mall for fear it will “stifle our ability to finance” its plans. WRS Inc. of Mount Pleasant, South Carolina, wrote the city that it wants housing, a theater, restaurants and a grocery on the […]

Read more

August 7, 2019 | Deirdre Byrne

Lakeforest Sale Happened ‘Unbeknownst to City,’ Gaithersburg Mayor Says

Gaithersburg Mayor Jud Ashman commented on the news that the “core of Lakeforest [Mall] was sold” has been sold to WRS Inc., a South Carolina retail shopping center developer. During an interview with MyMCMedia on Wednesday, Ashman said that Gaithersburg city officials were left in the dark about the recent sale to WRS Inc. Ashman […]

Read more

July 30, 2019 | Douglas Tallman

Lakeforest Mall Sold to South Carolina Retail Developer

Lakeforest Mall in Gaithersburg has been sold to WRS Inc., a South Carolina retail shopping center developer, a Gaithersburg official said Tuesday morning. Assistant City Manager Tom Lonergan said WRS informed the city of the transfer of ownership. The troubled mall has faced high vacancy rates, low rents and disinvestments. In June 2018, it became […]

Read more

Engage us on Facebook

Follow us on Twitter