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Starbucks to Close Lakeforest Mall Location in Gaithersburg, MD

By
Industry Observer with Retired

Starbucks to Close Lakeforest Mall Location in Gaithersburg, MD

 

McDonald’s recently closed their location in the Lakeforest Mall food court in Gaithersburg, Maryland. It is now reported that Starbucks will also close their Lakeforest Mall location in March.

Lakeforest Mall was recently added to the City of Gaithersburg’s enterprise zone in an effort to attract new development by providing local property and state income tax credits to any businesses that come to the area and create jobs.

 

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Posted by

Roy Kelley, Retired, Former Associate Broker, RE/MAX Realty Group

Gaithersburg, Maryland  

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

They must have their reasons for doing this Roy. Maybe other top retail stores will take their space...

Feb 15, 2019 04:13 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Now that is interesting, Roy... I don't remember seeing a Starbucks close their doors anywhere in my area.

Feb 15, 2019 04:24 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Roy. Retail space continues to be a challenging arena. Starbucks is always evaluating locations. Enjoy your day!

Feb 15, 2019 04:34 AM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Roy Kelley to have a new business replace a McDonalds is a bonus for all unhealthy people..... can't say it's a bad thing....

Feb 15, 2019 04:49 AM
Anita Clark
Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Roy: Hopefully there will be an influx of new choices to attract consumers and keep the Lakeforest Mall and surrounding area growing.

Feb 15, 2019 04:49 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Roy, the City should be looking at this area closely if two retailers are closing.   

Feb 15, 2019 05:29 AM
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By Real - Alexandria, VA
Alexandria Virginia Homes For Sale

Roy, this makes me wonder if there are longterm plans to revamp the Lakeforest Mall all together. It was a long project when they did Springfield in this area but, it has really paid off. 

Feb 15, 2019 05:54 AM
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

In Oklahoma City, Starbucks closed every store where they didn't have a drive through.

Feb 15, 2019 06:41 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Roy.  I hope the incentives will help draw some businesses into the Lakeforest Mall.

Feb 15, 2019 06:47 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Wow Roy,  must of had something to do with plans for the mall.  Have only seen a hand full of McDonald ever close but a new one pops up close by.

Feb 15, 2019 07:31 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Roy,

We have seen Starbucks close in Los Angeles.  Too many competitors and too many stores.  A

Feb 15, 2019 08:51 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

We actually had a new Starbuck's to open up in our community.  However, we did have a McDonald's inside our neighborhood Walmart to close.

Feb 15, 2019 01:25 PM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hi Roy - I remember years ago when Lakeforest was being touted as such a growth area. Things change. Mall retailing is definitely evolving.

Feb 16, 2019 07:22 AM
Roy Kelley
Retired - Gaithersburg, MD

Michael Jacobs 

The area around Lakeforest Mall is pretty much fully developed. Some redevelopment projects are in process. The mall has not maintained pace with the retail market. Security has become an additonal concern for shoppers.

Feb 16, 2019 07:38 AM
Michael Jacobs

Things certainly evolve.  This is but another example. 

Feb 16, 2019 08:09 AM
Roy Kelley
Retired - Gaithersburg, MD

Your feedback and your continued support are very much appreciated.

Feb 18, 2019 04:46 AM
Roy Kelley
Retired - Gaithersburg, MD
The Main Street Farmers and Artists Market is open year-round on Saturdays from 9 a.m. to 2 p.m. 
at the Main Street Pavilion
one block off Kentlands Boulevard
 
301 Main Street
Gaithersburg, MD 20878
Free Parking
 
Tuckey's Fruit & Vegetable Farm
Feb 28, 2019 12:48 PM